Mumbai, May 4 -- Milky Mist has raised about Rs.482 crore in a pre-IPO round led by Singapore-based Temasek's subsidiary Jongsong Investments Pte. Ltd, the dairy product maker said in a statement on Monday.

The fundraise comprises a primary capital infusion of about Rs.357 crore and a secondary share sale of about Rs.125 crore ahead of the company's proposed initial public offering (IPO) later this year.

As part of the primary issuance, Milky Mist allotted 5,43,789 equity shares at Rs.139.76 per share, aggregating about Rs.7.6 crore. In addition, the company issued 25,00,000 compulsorily convertible preference shares (CCPS) at the same price, raising approximately Rs.349.4 crore, Milky Mist said.

The entire primary investment was led b...