Erode-based Sheera brand Milky Mist is gearing up for an initial public offering (IPO) of around \u20b92,000 crore, expected by the end of 2025. The company has changed its name from \u201cMilky Mist Dairy Food Private Limited\u201d to \u201cMilky Mist Dairy Food Limited\u201d and become a public company. As part of the preparations, two independent directors have been added to the board.<\/p>\n\n\n\n
Milky Mist plans to file its draft red herring prospectus (DRHP) by mid-2025. The IPO will include fresh shares and an offer for sale, targeting a valuation of \u20b920,000 crore ($2.3 billion). The IPO is being managed by JM Financial, IIFL Capital and Axis Capital.<\/p>\n\n\n\n
T. Founded by Satish Kumar, Milky Mist started as a milk trading business and later started manufacturing paneer. Today, it offers over 150 dairy products like curd, cheese, yoghurt and ice cream. The company, which has a strong presence in South India, is planning to expand further.<\/p>\n\n\n\n
Milky Mist had a revenue of \u20b91,900 crore in FY24 from \u20b91,437 crore in FY23. However, profit fell from \u20b928 crore to \u20b919.46 crore. The company expects to reach \u20b92,500 crore in revenue and \u20b965 crore in FY25.<\/p>","protected":false},"excerpt":{"rendered":"
Erode-based Sheera brand Milky Mist is gearing up for an initial public offering (IPO) of around \u20b92,000 crore, expected by the end of 2025. The company has changed its name from \u201cMilky Mist Dairy Food Private Limited\u201d to \u201cMilky Mist Dairy Food Limited\u201d and become a public company. As part of the preparations, two independent directors have been added to the board.<\/p>","protected":false},"author":9,"featured_media":5154,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[12],"tags":[184,111,113,134,149,162,143],"class_list":["post-5153","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-startup-stories","tag-business-growing-tips","tag-business-growth","tag-business-growth-strategies","tag-start-up-growth","tag-start-up-updates","tag-startup-news","tag-startup-updates"],"yoast_head":"\n