[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  Mr. Wadhwa [@sourabhwadhwa22](/creator/twitter/sourabhwadhwa22) on x XXX followers Created: 2025-07-24 13:09:03 UTC 🧀 IPO Overview •Milky Mist has filed its Draft Red Herring Prospectus (DRHP) with SEBI to raise up to ₹2,035 crore (~$239 million) via its IPO . •The offer structure includes: •A fresh issue of equity worth ₹1,785 crore •An offer-for-sale (OFS) of promoter-held shares worth ₹250 crore . ⸻ 🔍 Use of IPO Proceeds •₹750 crore to repay/prepay outstanding debt •₹414 crore to expand and modernize its Perundurai manufacturing facility—setting up new lines for whey protein concentrate, yogurt, and cream cheese •₹129 crore to deploy visi-coolers, ice‑cream freezers, and chocolate coolers across its retail footprint •Remaining funds allocated for general corporate purposes . ⸻ 📊 Company Highlights •Based in Perundurai, Erode district, Tamil Nadu, Milky Mist focuses on premium value-added dairy products like paneer, cheese, curd, yogurt, ghee, and ice cream—it does not sell liquid milk, giving it higher margins and FMCG-like positioning . •Revenue rose from ₹1,394 crore in FY23 to ₹2,349 crore in FY25, reflecting nearly XX% CAGR. Net profit jumped from ₹19.4 crore to ₹46 crore over the same period (FY25), with EBITDA at ₹310 crore (~13.2% margin) . •Operates one of India’s largest paneer production units (150 metric tonnes/day), with direct sourcing from over XXXXXX farmers . •Technology-forward operations include fully automated manufacturing, advanced logistics, and robust ESG features such as solar & wind energy (70–80%), water recycling, and methane-to-energy initiatives . •Promoters: Anitha S (51.45%) and Sathishkumar T (40.94%)—offloading ₹150 crore and ₹100 crore worth of shares respectively in the OFS . •Book-running lead managers: JM Financial, Axis Capital, and IIFL Capital Services Ltd . XX engagements  **Related Topics** [debt](/topic/debt) [stocks](/topic/stocks) [filed](/topic/filed) [ipo](/topic/ipo) [$mist](/topic/$mist) [Post Link](https://x.com/sourabhwadhwa22/status/1948369841405960265)
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Mr. Wadhwa @sourabhwadhwa22 on x XXX followers
Created: 2025-07-24 13:09:03 UTC
🧀 IPO Overview •Milky Mist has filed its Draft Red Herring Prospectus (DRHP) with SEBI to raise up to ₹2,035 crore (~$239 million) via its IPO . •The offer structure includes: •A fresh issue of equity worth ₹1,785 crore •An offer-for-sale (OFS) of promoter-held shares worth ₹250 crore .
⸻
🔍 Use of IPO Proceeds •₹750 crore to repay/prepay outstanding debt •₹414 crore to expand and modernize its Perundurai manufacturing facility—setting up new lines for whey protein concentrate, yogurt, and cream cheese •₹129 crore to deploy visi-coolers, ice‑cream freezers, and chocolate coolers across its retail footprint •Remaining funds allocated for general corporate purposes .
⸻
📊 Company Highlights •Based in Perundurai, Erode district, Tamil Nadu, Milky Mist focuses on premium value-added dairy products like paneer, cheese, curd, yogurt, ghee, and ice cream—it does not sell liquid milk, giving it higher margins and FMCG-like positioning . •Revenue rose from ₹1,394 crore in FY23 to ₹2,349 crore in FY25, reflecting nearly XX% CAGR. Net profit jumped from ₹19.4 crore to ₹46 crore over the same period (FY25), with EBITDA at ₹310 crore (~13.2% margin) . •Operates one of India’s largest paneer production units (150 metric tonnes/day), with direct sourcing from over XXXXXX farmers . •Technology-forward operations include fully automated manufacturing, advanced logistics, and robust ESG features such as solar & wind energy (70–80%), water recycling, and methane-to-energy initiatives . •Promoters: Anitha S (51.45%) and Sathishkumar T (40.94%)—offloading ₹150 crore and ₹100 crore worth of shares respectively in the OFS . •Book-running lead managers: JM Financial, Axis Capital, and IIFL Capital Services Ltd .
XX engagements
