Milky Mist set to launch India's biggest dairy IPO in early August

New Delhi: Milky Mist Dairy Food is expected to launch its IPO in the first week of August, people familiar with the development said. It is likely to be the largest by an Indian dairy. The company's market debut comes after it raised ₹482 crore in a pre-IPO funding round in May this year from Jongsong Investments, an indirect wholly-owned arm of Temasek Holdings. Based on the pre-IPO investment price of ₹139.76 per share, Milky Mist was valued at around ₹9,300 crore.

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