Milky Mist Dairy Food Limited has raised ₹1,553 crore from an initial public offering, comprised of a fresh issue of ₹1,428 crore and an offer for sale of shares worth ₹125 crore by the promoters of the Company.
Khaitan & Co advised Milky Mist, and its Promoters, on this IPO.
The transaction team consisted of Aditya Cheriyan (Partner), Chirayu Chandani (Partner), Tishita Mukherjee (Principal Associate), Anshul Mordia (Senior Associate), Associates Kaushlendra Palawat, Vanshika Singh, Hrishi Kapadia and Mehar Sharma.
TT&A advised the book running lead managers – JM Financial Limited, Axis Capital Limited and IIFL Capital Services Limited, on this IPO.
The transaction team consists of Abhinav Kumar (Partner), Shubham Sancheti (Managing Associate), Indira Satish (Senior Associate), Abhishek Iyer (Senior Associate), Associates Soham Vakil and Harsh Shekhar.
Hogan Lovells Cadwalader acted as the International legal counsel to the BRLMs.
The transaction was led by Biswajit Chatterjee (Head of the India Practice and Dubai Office Managing Partner), with support from Varun Jetly (Counsel) and Aditya Rajput (Senior Associate).
Founded in 1997, Milky Mist is a prominent dairy company in India. It specializes in the procurement, processing, and manufacturing of a wide range of dairy products. Milky Mist offers over 150 value-added dairy products, including milk, yogurt, and cheese.
The proceeds from the IPO will be used for deployment of more coolers & freezers, repayment of debts and general corporate purposes.
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