Prabhat Dairy's Rs 300-cr IPO to hit capital mkts on Aug 28

Prabhat Dairy, an integrated milk and dairy products company, will launch its initial public offer (IPO) on August 28 to raise at least Rs 300 crore.
The bidding for shares in Prabhat Dairy's IPO would close on September 1.
The company plans to garner up to Rs 300 crore by issuing fresh equity shares and offer for sale of up to 1.47 crore equity scrips, as per the draft paper.
The proceeds of the issue would be utilised towards payment of loans, meeting capital expenditure and for other general corporate purposes.
Apart from this, three other IPOs will also hit the capital markets next week.

The public offer of Pennar Engineered Building Systems and Shree Pushkar Chemicals & Fertilisers will open on August 25 and close on August 27, while Navkar's IPO will hit markets on August 24 and close on August 27.

Power infrastructure services company Power Mech has already launched its IPO this month.
After a quiet 2014, the IPO market is buzzing again as 10 IPOs have already hit the market this year and many others are in the pipeline, including those of popular brands like IndiGo, Cafe Coffee Day and Matrix.
These 10 companies have mobilised about Rs 4,700 crore through IPOs, higher than funds raised in the preceding two years.

In comparison, a total of six IPOs had hit the market in 2014 and together garnered just Rs 1,261 crore while in 2013, three companies raked in Rs 1,284 crore through initial share sale plans.