Milky Mist Dairy Food Ltd has successfully raised ₹482 crore (approximately $58 million USD) in a pre-initial public offering (IPO) funding round, primarily led by Jongsong Investments Pte. Ltd., a subsidiary of Temasek Holdings from Singapore. This funding consists of ₹357 crore in primary capital and ₹125 crore from a secondary share sale. As part of the primary issuance, Milky Mist allotted 543,789 equity shares at a price of ₹139.76 per share, totaling around ₹7.6 crore. Additionally, the company issued 25,00,000 compulsorily convertible preference shares (CCPS) at the same price, which will convert into equity shares on a 1:1 basis prior to the IPO listing. The secondary transaction involved the sale of 89,43,903 equity shares by promoters Sathishkumar T and Anitha S, raising approximately ₹125 crore. Milky Mist, led by Sathishkumar T, specializes in value-added dairy products and has expanded its offerings to include cheese, butter, ghee, yoghurt, ice cream, and more, catering to diverse consumer needs. The company operates a state-of-the-art processing facility in Perundurai, Erode district, Tamil Nadu, focusing on quality and efficiency.