Milky Mist Pauses ₹2,035 Crore IPO But Targets October Launch

Dairy products maker Milky Mist has temporarily slowed preparations for its proposed ₹2,035 crore initial public offering (IPO) amid volatile market conditions, but the company has not abandoned its listing plans.

As reported by one of the noted media houses, the company is taking a cautious approach after a series of recent IPOs delivered weak listing performances and investor sentiment turned selective.

Why The Pause?

Milky Mist's planned IPO has an issue size of ₹2,035 crore. Out of this, ₹1,785 crore is a fresh issue and ₹250 crore is promoters' offer for sale (OFS). The company submitted its draft papers in July 2025 and received the greenlight from the regulators with only a limited time to do the listing.

But the company has now decided to take a break from the IPO process, considering the current market scenario. The IPO market of India, which saw the record raising of funds over the last two years, has become more challenging lately. Many big names like PhonePe and Flipkart have either deferred or revised their listing plans as investors have become more cautious about valuations and listing gains.

Milky Mist’s Growth Story

The pause comes even after Milky Mist completed a significant pre-IPO fundraising exercise. In May, the company raised ₹3,570 crore from Jongsong Investment, strengthening its balance sheet ahead of the planned public issue.

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Even though its IPO timeline has been delayed by a few months, Milky Mist's business remains strong. The Tamil Nadu-based company has been one of the fastest-growing players in India's value-added dairy products segment. The company generated revenue of around ₹3,275 crore in FY26 with a 34% top-line growth.

Source:

NDTV Profit