Milky Mist Files DRHP For Rs 2,035-Crore IPO

From Shutdown Scare to INR 500 Cr Scale: How Akshayakalpa Rekindled Its Dairy Dream

At least six times they decided to down the shutter – only to revert and retry. Nine years on, with revenues comfortably on track to exceed INR 500 Cr, they don’t cry over spilled milk anymore and, instead, look ahead to get bigger.  The tale of Akshayakalpa has been as unusual as its journey over the years. The idea was not conceived in the boardrooms but in a farm on the outskirts of Bengaluru where 27 Wipro engineers volunteered to share a pa…

Milky Mist Files DRHP For Rs 2,035-Crore IPO

Milky Mist Dairy Food Ltd. has filed its draft red herring prospectus with the Securities and Exchange Board of India for its proposed initial public offering worth Rs 2,035 crore.According to the DRHP, the IPO comprises a fresh issue of shares worth Rs 1,785 crore and an offer for sale of shares amounting to Rs 250 crore. Promoter shareholders Sathishkumar T and Anitha S will offload their stakes Rs 1,500 and Rs 1,000 crore, respectively.Milky …

Upcoming IPO: Tamil Nadu-based Milky Mist Dairy files DRHP for ₹2,035 crore IPO

Source: Live Mint Milky Mist Dairy Food Limited has submitted its Draft Red Herring Prospectus (DRHP) to the Securities and Exchange Board of India (SEBI) on Monday, July 21, to raise up to ₹2,035 crore through an initial public offering (IPO). The IPO will include a fresh equity issue of ₹1,785 crore and an offer for sale (OFS) worth ₹250 crore by the company’s promoters. According to the DRHP, ₹750 crore from the fresh issue will be used to…