Milky Mist IPO Launches at ₹133-140 Per Share

Sathish Kumar T, a school dropout, has built a ₹10,778-crore company, Milky Mist, from scratch. Kumar left school at 16 to help his family's struggling milk business in Erode, Tamil Nadu. His family's powerloom unit had closed, and they began buying milk, cooling it, and sending it to Bengaluru. However, low margins made the business difficult, and it shut in 1992.

Kumar noticed that a Bengaluru customer turned milk into paneer and sold it to hotels. He saw an opportunity and began experimenting with making paneer commercially. With no guidance, he heated milk and used vinegar to curdle it. Many attempts failed, but Kumar kept improving the paneer's quality and texture. In 1993, he carried his first 10 kg batch to Bengaluru, and dealers sold it to hotels and restaurants.

By 1995, the business was selling around 50-100 kg of paneer daily. The family stopped selling liquid milk and used it to make paneer instead, which became the foundation of Milky Mist. Kumar understood that products like paneer offered better value and margins than milk. The Milky Mist brand was created in 1997, and the company later expanded into curd, butter, ghee, cheese, yoghurt, ice cream, and UHT products.

Milky Mist invested in refrigerated vehicles, cold storage, and cooling equipment at shops, which helped control product quality from factory to retail shelf. It launched its first television advertisement for paneer in 2010 and continued expanding across product categories. Revenue rose from ₹1,826.86 crore in 2024 to ₹3,145.01 crore in 2026. Profit after tax increased from ₹19.44 crore to ₹127.01 crore during the period.

Now, Milky Mist is launching a ₹1,553-crore IPO on August 11, 2026, which includes a ₹1,428-crore fresh issue and a ₹125-crore offer for sale. The price band is fixed at ₹133-140 per share. The company's growth and expansion have been remarkable, and the IPO is expected to be a significant milestone in its journey.

The success of Milky Mist is a testament to Kumar's hard work and vision. From a small-scale milk business to a ₹10,778-crore company, Milky Mist has come a long way. The company's focus on quality and expansion into new product categories has helped it achieve remarkable growth.

The IPO launch is a significant event for Milky Mist, and it will be interesting to see how the company performs in the future. With its strong brand presence and expanding product portfolio, Milky Mist is well-positioned to continue its growth trajectory.

In conclusion, the story of Milky Mist is an inspiring one, and the company's success is a testament to the power of hard work and vision. The IPO launch is a significant milestone in the company's journey, and it will be interesting to see how the company performs in the future.