India ·
Milky Mist's IPO prices almost exactly where Temasek bought in four months earlier
Temasek unit Jongsong Investments bought into the dairy maker's April pre-IPO round (part of a ₹482cr raise split roughly ₹350cr primary/₹120cr secondary) at ₹139.76/share, and Milky Mist's ₹1,553cr IPO — including a ₹125cr OFS tranche — opened August 11 with a ₹133–140 band that puts Temasek's entry almost exactly at the ceiling, a rare flat mark in a week otherwise full of premiums and discounts.
Source: Business Standard ↗
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