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Milky Mist IPO

IPO details from SEBI DRHP filings

Status: Upcoming • Updated 30 Jul 2026 SEBI DRHP & exchange data
Upcoming mainboard
6
Medium Risk

Medium risk because:

  • 5 material risk factors disclosed in DRHP
  • Regulatory or legal risks cited in DRHP
  • Heavy dependence on Tamil Nadu for raw milk procurement (97%+ of supply)

IPOFins risk score from DRHP risk factors, subscription demand & issue structure

Subscription

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About Milky Mist

Milky Mist, founded in 1985 by T. Sathish Kumar, is a packaged food company with revenue exceeding ₹15,000 million, growing at 29.82% CAGR from FY2023 to FY2025. Based in Erode, Tamil Nadu, the company operates farm-to-retail infrastructure, sourcing milk from 67,615 farmers across South India. With 17% market share in the private packaged paneer segment and ranking third nationally in cheese, Milky Mist produces value-added dairy products under brands including ‘Milky Mist,’ ‘SmartChef,’ and ‘Capella.’ The company reaches 350,000+ retail touchpoints across 22 states through 3,062 distributors.

Company Details

Founders / Promoters

T. Sathish Kumar

Founded

1997

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FAQ

What is the price band of Milky Mist IPO?

The price band for Milky Mist IPO has not been announced yet. It is published in the RHP shortly before the issue opens.

What does Milky Mist do?

Milky Mist, founded in 1985 by T. Sathish Kumar, is a packaged food company with revenue exceeding ₹15,000 million, growing at 29.82% CAGR from FY2023 to FY2025. Based in Erode, Tamil Nadu, the company operates farm-to-retail infrastructure, sourcing milk from 67,615 farmers across South India. With 17% market share in the private packaged paneer segment and ranking third nationally in cheese, Milky Mist produces value-added dairy products under brands including ‘Milky Mist,’ ‘SmartChef,’ and ‘Capella.’ The company reaches 350,000+ retail touchpoints across 22 states through 3,062 distributors.

Should I apply for Milky Mist IPO?

Milky Mist is a mainboard IPO with a ₹ price band ( issue) — subscription data is not live yet, so demand signals are unavailable. For a mainboard IPO at moderate risk (6/10), weigh DRHP financials and sector comps against the ₹ band before you apply.

Who founded Milky Mist?

Milky Mist was founded by T. Sathish Kumar in 1997.