Formed in 1997 by T. Sathish Kumar, Milky Mist is engaged in milk procurement, processing, and manufacturing of other dairy products. [3][4][5] Milky Mist 's products include frozen food, dairy, desserts, food enhancers and yogurts. Tamil-Nadu-based company, Milky Mist Diary Food, has gained a green signal from SEBI to raise funds of ₹2,035 crore via an IPO. This IPO includes both a fresh issue of ₹1,785 crore and an Offer-for-Sale of up to ₹250 crore equity shares. Milky Mist Dairy Food, one of India’s fastest-growing packaged food companies, has received final observations from Securities and Exchange Board of India (Sebi) to raise up to ₹2,035 crore through an initial public offering (IPO). This will be the largest IPO in the dairy space so far. The ... Milky Mist is redefining India’s dairy industry with automation, farmer empowerment, and 100% value-added products—transforming paneer into a national FMCG revolution of freshness and innovation.
