Milky Mist gears up for Rs 2,000 cr IPO at a valuation of Rs 20,000 cr

Erode-based paneer to ice-cream maker Milky Mist is poised to tap into the public markets for an initial public offering (IPO) to fuel its expansion plans, a senior company executive said.

The company is planning to raise around Rs 1,500-2,000 crore through the IPO over the next 10 to 12 months at a valuation of Rs 20,000 crore.

It will be following the footsteps of…