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Parag Milk Foods IPO IPO

Mainline4 May 201611 May 2016
Open
4 May 2016
Close
11 May 2016
3
Allotment
Listing
Thu, May 19, 2016
Price Band
₹215 to ₹227
Issue Size
3,42,71,268 shares (agg. up to ₹751 Cr)
Lot Size
65 Shares
Listing Date
Thu, May 19, 2016
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Live Subscription

CategorySubscription (times)
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Peer Comparison

CompanyIssue TypeIssue SizeIssue PricePE RatioListing Day CloseListing Gain/Loss %LTP
Prabhat Dairy Ltd.Mainboard₹356.19 Cr₹115null₹115.95+0.83%(+0.00%)

Objects of the Issue

#Issue ObjectsEst Amt (₹ Cr.)
1Expansion and Modernisation Plan147.70
2Investment in Subsidiary for financing the capital expenditure requirements in relation to the expansion and modernisation of the Bhagyalaxmi Dairy Farm2.30
3Partial repayment of the Working Capital Consortium Loan100.00
4General corporate purposes28.80

About Parag Milk Foods IPO

Incorporated in 1992, Parag Milk Foods Ltd is Pune based dairy-based branded food producer. Company is involve in collection, distribution of milk and producing dairy-based branded consumer products including cheese, ghee, whey proteins, paneer, curd, yoghurt, milk powders and dairy based beverages. All products of the company are made from cow milk.Company's manufacturing facilities are located at Manchar in the Pune district of Maharashtra and Palamaner in the Chittoor district of Andhra Pradesh. Company's supply chain network includes procurement from 29 districts across Maharashtra, Andhra Pradesh, Karnataka and Tamil Nadu, through over 3,400 village level milk collection centres. Parag Milk Foods Brand and product lineup under them:1. GowardhanGowardhan brand is targeted at house-hold consumption and to be used as cooking ingredients. The products under this brand includes fresh milk, curd products (curd, trim curd and buttermilk), ghee, paneer, butter, milk powders, whey proteins, gulab jamun mix and shrikhand.2. GoTargeted at children and the youth generation, primarily for direct consumption. The products under this brand includes cheese products, UHT milk (go milk, go slim

Contact Details

Parag Milk Foods Ltd. AddressFlat No 1, Plot No.19Nav Rajasthan Society, S.B.RoadShivaji NagarPune, Maharashtra, 411016+91 22 4300 5555cs@paragmilkfoods.comVisit Website