What is Milky Mist's IPO price band and targeted valuation, and how does it compare to market leader Hatsun Agro?

Milky Mist set its IPO price band at 133 to 140 rupees per share, targeting a valuation of approximately 107.78 billion rupees ($1.13 billion) at the upper end — just over half of Hatsun Agro Product's market value of 202.83 billion rupees.

How did Milky Mist adjust the size and structure of its IPO, and what role did Temasek play in the pre-IPO process?

Milky Mist downsized its IPO from 20.35 billion rupees to 15.53 billion rupees after pre-listing stake sales to Jongsong Investments, a Temasek unit, which now holds ~5.2% of the company after acquiring shares at 139.76 rupees per share in April; the IPO comprises new shares worth 14.28 billion rupees and a 1.25 billion rupee offer-for-sale by founders.

Temasek-backed Milky Mist targets $1.13 billion valuation in trimmed India IPO

Aug 5, 2026

Temasek-backed Milky Mist Dairy set a price band for its downsized IPO targeting a $1.13 billion valuation, aiming to repay debt and upgrade facilities. The move comes as rivals face margin pressures from high milk procurement costs.

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2026-08-05

Temasek-backed Milky Mist targets $1.13 billion valuation in trimmed India IPO

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Temasek-backed Milky Mist targets $1.13 billion valuation in trimmed India IPO

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