Can Milky Mist IPO deliver long-term growth for high-risk investors?

Milky Mist Dairy Food plans a significant initial public offering to fund capital expenditure and reduce debt. The company seeks to raise ₹1,428 crore through a fresh issue and ₹125 crore via an offer for sale. Revenue growth has been strong, and profit margins exceed those of industry peers. The dairy producer holds a leading position in the organized paneer and cheese markets.