What lies ahead for Milky Mist as it prepares to go public

Milky Mist Dairy Food has filed its Draft Red Herring Prospectus (DRHP) for a "₹2,035 crore IPO," with a fresh issue of "₹1,785 crore and an offer-for-sale of ₹250 crore by promoters." The Erode-based company plans to utilize the funds for capital expenditure at its Perundurai plant and for working capital to support national distribution. This public offering will enable Milky Mist to expand its product offerings and geographical reach, consolidating its position in the competitive dairy sector.