Business Standard

Parag Milk Foods Ltd - IPO

Issue Type

Book Building

Issue Size (₹ Cr.)

750.54 cr

Price Range (₹)

215

Lot Size

65

Min Investment (₹)

13,975.00

Listing Exchange

MumbaiNSE

Open Date

04-May-2016

Close Date

11-May-2016

Listing Date

19-May-2016

Parag Milk Foods Ltd News

    The Shares of Parag Milk Foods Ltd have now been listed.

    Parag Milk Foods Ltd IPO Details

    Public issue of 34,271,268 equity shares of face value of Rs. 10 each (the equity shares) of Parag Milk Foods Limited (the company or issuer) for cash at a price of Rs. 215 per equity share (including a share premium of Rs. 205 per equity share) aggregating to Rs. 750.54 crores consisting of a fresh issue of 13,698,695 equity shares aggregating up to Rs. 300.00 crores and an offer for sale of 20,572,573 equity shares comprising of 14,286,449 equity shares by the investor selling shareholders and 6,286,124 equity shares by the other selling shareholders (As defined in the prospectus) (The offer for sale and The fresh issue are collectively referred to as the issue). The issue includes a reservation of 284,505 equity shares (Original Reservation of 300,000 equity shares) aggregating to Rs. 5.78 crores for subscription by eligible employees (As defined in the Prospectus) (The employee Reservation portion). The issue less employee reservation portion is referred to as the net issue. The issue and the net issue constitute 40.74% and 40.41% respectively, of the post-issue paid-up equity share capital of the company.Issue Price : Rs. 215 per equity share of face value of Rs. 10 each.Anchor Investor Issue Price : Rs. 227 per equity share. The Issue price is 21.5 times the face value.

    Objective of issue

    To meet the capital expenditure requirements. Investment in subsidiary for finan. the cap. exp.. Partial repayment of the working capital loan. General corporate purposes.

    Parag Milk Foods Ltd Contact Details

    Parag Milk Foods Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

    Phone - 91-40-67162222

    Fax - 91-40-23001153/23420814

    Email - cs@paragmilkfoods.com

    Website - www.paragmilkfoods.com