• IPO issue details: The IPO opens on August 11 with a price band of ₹133 to ₹140 per share and an effective issue size of over ₹1,480 crore. Management clarified there was no downsizing, as ₹482 crore (₹357 crore primary and ₹125 crore OFS) was already completed in the pre-IPO round from the original ₹2,035 crore size.
• Retail pricing rationale: Management defended offering no discount to retail investors relative to the pre-IPO round by citing the company's 30% CAGR over recent years, improving profit margins, and strong plant technology.
• End-to-end logistics: The company maintains automated, untouched processing from milk intake to packaging and manages its own cold-chain logistics with real-time temperature tracking up to retail touchpoints.
• Quick commerce oversight: To ensure product quality as it expands into North India and quick-commerce channels, the company maintains primary responsibility for the supply chain and actively collaborates with platform partners on storage standards.