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Parag Milk Foods Ltd.

Parag Milk Foods Ltd.

NSE & BSE · Mainboard IPO
Listed NSE & BSE Mainboard Live Chart
Issue Price
₹227
₹227
GMP (Grey Market)
NIL
Unofficial data only
Est. Listing Price
₹227
Based on GMP
Min. Investment
₹14,755
1 lot × 65 shares
Subscribed
1.00x
Over-subscribed
IPO Details
Open Date
04 May 2016
Close Date
11 May 2016
Allotment
17 May 2016
Listing Date
19 May 2016
Exchange
NSE & BSE
Price Band
₹227
Listing Price
See chart
Allotment Status
Price Band
₹227
Per share
Face Value
₹10 per share
 
Lot Size
65 Shares
per lot
Issue Size
3,42,71,268 shares (aggregating up to ₹750.54 Cr)
Total offering
Issue Type
Bookbuilding IPO
 
Min Investment
₹14,755
1 lot
Pre-IPO Holding
7,04,15,887 shares
Promoters
Post-IPO Holding
8,41,14,891 shares
Promoters
UPI Deadline
2016-05-11
Mandate
Anchor AllotmentTue, 03 May 2016
Basis of AllotmentTue, 17 May 2016
Refund InitiationWed, 18 May 2016
Demat CreditWed, 18 May 2016
Listing DayThu, 19 May 2016
UPI Mandate Deadline2016-05-11
Sale TypeFresh Capital-cum-Offer for Sale
Fresh Issue Shares1,36,98,695 shares (aggregating up to ₹300.00 Cr)
Offer for Sale2,05,72,573 shares of ₹10 (aggregating up to ₹450.54 Cr)
QIB Quota50% of Net Issue
HNI / NII Quota15% of Net Issue
Retail Quota35% of Net Issue
Check AllotmentClick here →
Subscription Rate Final
Parag Milk Foods Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 11 May 2016.
QIB
1.00x
Over
NII/HNI
1.00x
Over
Retail
1.00x
Over
Total
1.00x
Over
Category Subscription Shares Offered % of Total Amount (₹Cr)
QIB
Over 1.00x
NII / HNI
Over 1.00x
Retail
Over 1.00x
Total 1.00x
34,271,577
100% ₹777.96
IPO Shares Offered
Parag Milk Foods Ltd. IPO total issue size: ₹777.96 Cr.
CategoryShares OfferedAmount (₹Cr)Size (%)
Total 34,271,577 ₹777.96
100.00%
* Based on upper price band ₹227 per share
Lot Size & Investment
Lot Size
65
Shares per Lot
Issue Price
₹227.00
Upper Band
Min Investment
₹14,755
1 Lot
ApplicationLotsSharesAmount
Retail (Min — 2 Lots)2130₹29,510
Retail (Max — 13 Lots)13845₹191,815
S-HNI (Min — 14 Lots)14910₹206,570
B-HNI (Min — 68 Lots)684,420₹1,003,340
* Issue Price ₹227 × Lot Size 65 shares
IPO Schedule
Anchor
03 May 2016
✓ Done
IPO Open
04 May 2016
✓ Done
IPO Close
11 May 2016
✓ Done
Allotment
17 May 2016
✓ Done
Refunds
18 May 2016
✓ Done
Demat Credit
18 May 2016
✓ Done
Listing Day
19 May 2016
✓ Done
Parag Milk Foods Ltd. — Live Price LIVE
₹227.00
INR · BSE
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Issue ₹227.00 Live Price
About Parag Milk Foods Ltd.
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 milk and go supremo milk), fresh milk: go kidz, fruit yoghurts in six flavours, fresh cream and beverages (lassi and buttermilk in two flavours).3. Pride of CowsFarm-to-home concept of milk, directly delivered from the farm to a consumer's door-step, through a subscription model. Targeted at household consumers seeking premium quality cow's milk. The product include under this brand is cow milk.4. Topp UpTargeted at the youth generation and travellers as a source of instant nourishment. The products under this brand includes flavoured milk in six flavours.Competitive Strengths:1. Well Established Brands Targeting a Range of Consumer Groups2. Integrated Business Model3. Diversified Product Portfolio and Customer Base4. Growing Pan-India Distribution Network5. Established Track Record of Growth and Financial Performance6. Experienced Senior Management
Objects of the Issue
1
1 Expansion and Modernisation Plan
2
2 Investment in Subsidiary for financing the capital expenditure requirements in relation to the expansion and modernisation of the Bhagyalaxmi Dairy Farm
3
3 Partial repayment of the Working Capital Consortium Loan
4
4 General corporate purposes
Parag Milk Foods Ltd. Financials (Amount In Crore)
Revenue from Operations
₹1,089.5
31-Mar-14
₹1,440.5
31-Mar-15
₹1,231.2
31-Dec-15
Profit After Tax (PAT)
₹16.0
31-Mar-14
₹26.0
31-Mar-15
₹31.9
31-Dec-15
Particulars31-Dec-1531-Mar-1531-Mar-14
Revenue from Operations 1231.19 1440.52 1089.50
EBITDA N/A N/A N/A
Profit After Tax (PAT) 31.92 25.97 15.97
Net Worth N/A N/A N/A
Total Assets 970.11 922.98 822.88
Reserves & Surplus N/A N/A N/A
Borrowings N/A N/A N/A
EBITDA Margin (%) N/A
PAT Margin (%) N/A
RoNW
22.67%
Issue Structure & Shareholding
Total Shares Offered3,42,71,577 (100.00%)
Net Offer to PublicN/A
Reserved for Market MakerN/A
Pre-Issue Promoter Holding7,04,15,887 shares
Post-Issue Promoter Holding8,41,14,891 shares
P/BV RatioN/A
RoEN/A
RoCEN/A
Debt / EquityN/A
Script CodeN/A
Registrar & Lead Managers
Book Running Lead Managers
Dam Capital Advisors Ltd.
JM Financial Ltd.
Kotak Mahindra Capital Co.Ltd.
Motilal Oswal Investment Advisors Ltd.
GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.
IPO Subscription FAQs
How much Parag Milk Foods Ltd. IPO subscribed?

Parag Milk Foods Ltd. IPO is subscribed 1.00 times by May 11, 2016. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor CategorySubscription
Qualified Institutional (QIB)1.00x
Non Institutional (NII/HNI)1.00x
Retail Individual1.00x
Total Subscription1.00x
What is Parag Milk Foods Ltd. IPO retail subscription status?

The Parag Milk Foods Ltd. IPO retail category is subscribed 1.00 times as of 11 May 2016. The retail portion is oversubscribed.

How to subscribe Parag Milk Foods Ltd. IPO?

Subscribe via your broker app using ASBA or UPI. Opens 04 May 2016 and closes 11 May 2016. Min investment: ₹14,755 (1 lot = 65 shares). UPI mandate: 2016-05-11.

How many times Parag Milk Foods Ltd. IPO subscribed?

The Parag Milk Foods Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Parag Milk Foods Ltd. IPO allotment?

Check allotment on the registrar website (Kfin Technologies Ltd.) at https://ipostatus.kfintech.com/. Enter your PAN, application number or DP/Client ID. Allotment date: 17 May 2016. Refunds: on 18 May 2016.

When Parag Milk Foods Ltd. IPO will be listed?

The Parag Milk Foods Ltd. IPO listing date is 19 May 2016, Thursday. Listed on: NSE & BSE. Issue price: ₹227. Estimated listing: ₹227. GMP: NIL.

When Parag Milk Foods Ltd. IPO close?

The Parag Milk Foods Ltd. IPO closes on 11 May 2016, Wednesday. UPI mandate: 2016-05-11. Allotment: 17 May 2016. Listing: 19 May 2016.