Headquartered in Erode, Tamil Nadu, Milky Nice carved a different identity in the Dairy sector by focusing on the premium Products added products in value (Vadps) Like Paneer, Cheese, Curd, Yogurt, Ice Cream, Ghee, and Butter.
Especially, the company does not sell liquid milk – a strategic decision that runs it with higher margins and positions of a traditional milk player.
The proceeds from the fresh issue are earmarked for aggressive growth and financial de-leveraging. Rs 750 crore goes to pay or prepare outstanding borrowings. Another Rs 414 crore is planned for expansion and modernization of the Perundururai manufacturing facility, including adding new capacities for new protein proteins, yogurt, and cream cheese.
Around Rs 129 crore separately for deployment of Visi Cooler, ice cream freezers, and chocolate coolers across the distribution network. The rest of the funds will be used for general corporate purposes in accordance with Sebi’s behavior.
Milk’s financial financies lined with healthy growth. Company income from Rs 1,394 crore of FY23 to Rs 2,349 crore, the revision of a largest crore catucities in development of 12.2% ton. Premium price strategy of key products such as paneer and curd in a 10-25% premium of market leaders, reflecting brand strength and consumer loyalty.
The Milky Mist also appreciates himself with the perfect automatic infrastructure infrastructure and tech driven them directly connects to more than 67,000 farmers, securing a steady supply of high-quality milk and maintenance of last trap.
On line with growing ESG expectations, Milky Mer has a joint maintenance of its operations. The company runs the water revision units, converted to methane in force, and sources 70-80% of air power and force of air. It also invests eco-friendly logistics and offer a variety of health innovations including protein-free proteins, lactose, and low-sugar milk products.
The IPO marks a strategic step for the Milky Mist to reinforce the leading progress of Dairy FMCG in India. Jm Financial,, Axis capitaland IIFL CAPITAL SERVICES acts as book managers running the issue managers.
