Jongsong Investments

Jongsong Investments is an investment entity associated with Temasek, which is named in news on the Milky Mist Dairy Food IPO.[1] source: NDTV Profit[2] source: CNBC-TV18[3] source: Business Today[4] source: CNBC-TV18 Milky Mist is a Tamil Nadu dairy maker that listed on the stock exchange in August 2026.[2] source: CNBC-TV18[4] source: CNBC-TV18

Milky Mist's IPO was sized at Rs 1,553 crore, revised from Rs 2,035 crore, with a price band of Rs 133-Rs 140 per share.[3] source: Business Today It comprised a fresh issue of Rs 1,428 crore and an offer for sale of Rs 125 crore, and a pre-IPO placement of Rs 357 crore was recorded.[3] source: Business Today CNBC-TV18 reported a valuation of ₹10,778 crore at the upper price band.[4] source: CNBC-TV18 The issue opened on August 11.[3] source: Business Today It was subscribed 56.12 times overall, with the QIB portion at 155.83 times, the NII portion at 34.91 times and the retail portion at 8.41 times.[2] source: CNBC-TV18 Proceeds are allocated to debt reduction, including Rs 496.8 crore for debt repayment, and to expansion of the Perundurai manufacturing facility.[3] source: Business Today

On August 18, 2026, Milky Mist Dairy Food listed at Rs 165 per share, a 17.85% premium to the issue price, and then hit a 10% upper circuit at Rs 181.50 on NSE.[1] source: NDTV Profit Hatsun Agro Product is named alongside Milky Mist in coverage of the issue.[2] source: CNBC-TV18[4] source: CNBC-TV18