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The Economic Times

Temasek-backed Milky Mist targets $1.13 billion valuation in trimmed India IPO

Milky Mist IPO Milky Mist Dairy Food

Temasek-backed Milky Mist Dairy Food [MILY.NS] set a price band of 133 to 140 rupees per share ($1.40-$1.47) for its downsized initial public offering that launches next week in Mumbai, a filing showed on Thursday.

At the top of the range, the company is seeking a valuation of about 107.78 ‌billion rupees ($1.13 ⁠billion), ⁠just over half of market leader Hatsun Agro Product's market value of 202.83 billion rupees.

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One subscription that gives you access to news from hundreds of sites

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