Milky Mist Company's Exciting IPO Journey from Tamil Nadu!


Milky Mist Company IPO in india


Milky Mist Company's IPO from Tamil Nadu... Things Investors Need to Know!

As the Indian IPO market is buoyant, various new companies are actively taking steps to issue IPOs. In this situation, Milky Mist Company from Erode district of Tamil Nadu has filed documents with SEBI to issue IPO. Let's take a detailed look at this IPO.

Milky Mist Company, which was started in Erode, is trading in value-added dairy products. The dairy market in India is fiercely competitive. From milk cooperatives to private companies, many companies across India are competing in the dairy market. Most of the companies are also directly involved in milk trading.

However, Milky Mist Company has approached this dairy market competition a little differently. That is, it does not trade in milk at all. Instead, it is trading in a variety of value-added dairy products such as paneer, curd, ghee, butter, cheese, ice cream, yoghurt and milk-based drinks. It procures milk from about 67,000 farmers and manufactures dairy products. It runs a large plant in Perundurai.


IPO Milky Mist:

Milky Mist has filed documents with SEBI for issuing an IPO. Milky Mist plans to raise Rs 2035 crore through the IPO. Out of this, new shares worth Rs 1785 crore are being sold. Apart from this, promoters Satish Kumar and Anitha are selling shares worth Rs 250 crore.


IPO in india


The investments received in the IPO are planned to be used for four purposes. One, Rs 750 crore to repay debts. Second, to expand the plant in Perundurai with an investment of Rs 414 crore. In particular, facilities for the production of whey protein, cream cheese, and yogurt are to be set up. Thirdly, equipment such as coolers, ice cream freezers, and chocolate coolers are to be installed at an investment of Rs 129 crore. The remaining amount will be used for general corporate needs.


Financial Status:

In the financial year 2022-23, Milky Mist's revenue was Rs 1394 crore. In the financial year 2024-25, the revenue has increased to Rs 2349 crore. That is, it has grown by an average of 30% per year. In the financial year 2024-25, the EBITDA was Rs 310 crore. The EBITDA margin was 13.2 percent.


milky mist product in india

Things to note:


Milky Mist sells premium products in dairy products. In particular, the price of products like paneer and curd of Milky Mist is 10-25% higher than the price sold by other leading companies. Moreover, a revenue of Rs 511 crore has been generated through newly introduced products.

 

If we look at the financial year 2024-25, 75.4% of the revenue has come from products like paneer, curd, ghee, butter that people use daily. It is doing business almost like FMCG companies. Moreover, Milky Mist has a huge paneer production capacity. Milky Mist has the capacity to produce 150 metric tons of paneer per day.

Milky Mist has expanded its business to other states as well. 12% of the total revenue comes from Maharashtra, Gujarat, Madhya Pradesh and the North Eastern states. Moreover, Milky Mist products are also exported to foreign countries like the US, Australia, and Gulf countries. Export revenue has grown by 46% over the previous year.


Risk:

Milk procurement costs have increased. Advertising and marketing expenses are also high. Prices of products have not been increased significantly due to the market environment. Despite the increase in revenue, net profit has declined from Rs 28.02 crore to Rs 19.46 crore. Profit after tax has also declined from Rs 64.21 crore to Rs 43.51 crore. There is also pressure on margins.


Overall, Milky Mist has a lot of opportunities and room in the market to grow further, including expansion to other states and export opportunities. But investors should watch whether profits continue to grow.


"Before investing, one should consult a SEBI-registered investment advisor and make informed decisions based on proper guidance. It is often more profitable to wait patiently for the right opportunities and to invest in small quantities when those opportunities arise."

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