Milky Mist Dairy secures SEBI Nod for US$229.3M IPO

INDIA – Milky Mist Dairy Food Ltd., one of India’s leading value-added dairy producers, has received approval from the Securities and Exchange Board of India (SEBI) to raise ₹2,035 crore through an initial public offering (IPO).

A substantial part of the funds, around ₹750 crore, will go towards debt reduction, while ₹414 crore will finance the expansion and modernisation of its Perundurai manufacturing facility in Tamil Nadu.

The company will also invest in cold-chain infrastructure and allocate a portion to general corporate purposes.

Milky Mist, known for its exclusive focus on value-added dairy products such as paneer, curd, cheese, and yoghurt, has grown into a major FMCG-style brand with strong farmer linkages and in-house logistics.

Analytically, this IPO underscores a broader shift in India’s dairy industry from liquid milk sales towards high-margin, branded dairy products supported by scale, innovation, and financial discipline.

With fully automated, tech-driven manufacturing facilities and an in-house logistics network of end-to-end distribution & control, the company ensures quality, efficiency, and real-time traceability.

The company directly connects with over 67,000 farmers, securing a steady supply of high-quality milk.

MilkLane secures Rs 400 Crore deal with Milky Mist to supply premium milk

MilkLane signed a major Rs 400 crore deal with Milky Mist Dairy to supply premium milk, marking a significant step in India’s dairy industry. 

The agreement, will see MilkLane provide one lakh litres of high-quality milk daily to Milky Mist over the next three years. 

This partnership aims to meet the growing demand for safe and premium dairy products in India, the world’s largest producer and consumer of dairy.

According to a report by Business Standard, MilkLane will tap into its extensive network of farmers to ensure a steady supply of milk that meets strict quality standards. 

The company plans to use its advanced systems, including a 100 percent bulk milk cooler model and stainless steel can distribution, to maintain purity. 

MilkLane also conducts rigorous testing for antibiotics and adulterants at its collection centers to guarantee that only the best milk reaches Milky Mist’s processing units.

K Rathnam, CEO of Milky Mist Dairy, said, “This partnership with MilkLane will ensure that we receive a stable supply of rigorously tested, premium milk, meeting the highest safety and quality standards for our consumers.” 

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