Economy
Milky Mist Raises ₹465 Crore via Anchor Book Ahead of IPO
Moneycontrol1h
THE BRIEF
1
Dairy firm Milky Mist has successfully raised over ₹465 crore from anchor investors as part of its upcoming ₹1,553-crore initial public offering.
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The company saw significant interest from institutional investors, including Temasek, which increased its stake in the firm ahead of the public listing.
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The IPO is expected to fuel the company's expansion plans, with brokerages currently recommending a 'Subscribe' rating based on the firm's strong growth trajectory.