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Parag Milk Foods Ltd IPO (Parag Milk IPO) Detail

May 4, 2016 - May 11, 2016

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. Gowardhan
Gowardhan 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. Go
Targeted 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 Cows
Farm-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 Up
Targeted 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 Groups
2. Integrated Business Model
3. Diversified Product Portfolio and Customer Base
4. Growing Pan-India Distribution Network
5. Established Track Record of Growth and Financial Performance
6. Experienced Senior Management

Company Financials

Particulars

For the year/period ended (in Rs. Million)
31-Dec-15 31-Mar-15 31-Mar-14 31-Mar-13 31-Mar-12 31-Mar-11
Total Assets 9,701.09 9,229.82 8,228.84 6,914.37 6,049.71 4,733.14
Total Revenue 12,311.88 14,405.19 10,895.00 9,271.49 9,005.40 6,585.03
Profit After Tax (PAT) 319.23 259.66 159.68 207.74 188.97 (4.14)

Objects of the Issue

The object of the issue are:

1. To meet the capital expenditure requirements for expansion and modernisation of existing manufacturing facilities at Manchar and Palamaner;
2. Investment in Subsidiary for financing the capital expenditure requirements in relation to the expansion and modernisation of the Bhagyalaxmi Dairy Farm;
3. Partial repayment of the Working Capital Consortium Loan; and
4. General corporate purposes.

Parag Milk IPO Details

IPO Date May 4, 2016 to May 11, 2016
Listing Date Thursday, May 19, 2016
Face Value ₹10 per share
Price ₹215 to ₹227 per share
Lot Size 65 Shares
Issue Size[.] shares of ₹10
(aggregating up to ₹751.78 Cr)
Fresh Issue[.] shares of ₹10
(aggregating up to ₹325.00 Cr)
Offer for Sale19,850,000 shares of ₹10
(aggregating up to ₹[.] Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE
Company Promoters

The Promoters of the company are:

1. Mr Devendra Shah
2. Mr Pritam Shah and
3. Parag Shah

Parag Milk IPO Lot Size

The Parag Milk IPO lot size is 65 shares. A retail-individual investor can apply for up to 13 lots (845 shares or ₹191,815).

Application Lots Shares Amount
Retail (Min) 1 65 ₹14,755
Retail (Max) 13 845 ₹191,815

Discount Retail Individual Bidders and Eligible Employees

Parag Milk Foods offers discount of up to Rs 12 on Issue Price (per Equity Share) to all eligible Retail Individual Bidders and Eligible Employees.

IPO Notices

External Link

Change in Date & Price

Date Posted: 06 May 2016

BRLM to the Parag Milk Foods Limited issue, has informed the Exchange that the issue closure date has been extended upto 11 May,2015.Post issue modification date has been revised to 12 May,2016.Price band has been revised from 220/- to Rs. 227/- To Rs. 215/- to Rs. 227/- per share

Parag Milk IPO Review

As this company has consumer centric retail play, it is poised for bright prospects ahead. Based on recent trends for white revolution industry, fund surplus investors may consider investment for medium to long term rewards.

Read detail review...


Parag Milk IPO Subscription Status (Bidding Detail)

The Parag Milk IPO is subscribed 1.83 times on May 11, 2016 5:00:00 PM. The public issue subscribed 2.12 times in the retail category, 1.15 times in the QIB category, and 3.08 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB1.15
NII3.08
Retail2.12
Employee1.02
Total1.83

Parag Milk IPO Prospectus

Parag Milk IPO Rating

593
3.7
Rating:Rated 3.7 stars
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Parag Milk IPO Listing Date

Listing Date Thursday, May 19, 2016
BSE Script Code 539889
NSE Symbol PARAGMILK
Listing In B Group of Securities
ISIN INE883N01014
IPO Price ₹215 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE
₹215.00
₹215.70
₹215.70
₹250.00
₹247.80
NSE
₹215.00
₹217.50
₹217.50
₹249.70
₹247.00

Company Contact Information

Parag Milk Foods Ltd
Flat No 1, Plot No. 19,
Nav Rajasthan Society, S.B. Road,
Shivaji Nagar, Pune 411 016
Phone: +91 22 4300 5555
Email: cs@paragmilkfoods.com
Website: http://www.paragmilkfoods.com/

Parag Milk IPO Registrar

KFin Technologies Limited

Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://karisma.kfintech.com/

Parag Milk IPO Review

Parag Milk IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 5 1 0
Members 0 0 0

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IPO Broker Recommendations

  • Dilip Davda - Apply
  • Hem Securities - Neutral
  • ICICI Direct - Apply
  • Khambatta Securities Ltd - Apply
  • KR Choksey Securities Ltd - Apply
  • SPA Financial Advisor Ltd - Apply

Parag Milk IPO FAQs

Parag Milk IPO is a main-board IPO of [.] equity shares of the face value of ₹10 aggregating up to ₹751.78 Crores. The issue is priced at ₹215 to ₹227 per share. The minimum order quantity is 65 Shares.

The IPO opens on May 4, 2016, and closes on May 11, 2016.

KFin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

The Parag Milk IPO opens on May 4, 2016 and closes on May 11, 2016.

Parag Milk IPO lot size is 65 Shares and the minimum order quantity is .

You can apply in Parag Milk IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Parag Milk IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Parag Milk IPO allotment status.

The Parag Milk IPO listing date is on Thursday, May 19, 2016.
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Parag Milk IPO Message Board

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1657 Comments

782. acestocktip |   Link |Jul 8, 2016 2:30:22 PM
paraj has outperformed Thyrocare.Posted a month back on listing day to Buy Parag,Sell Thyrocare on listing day.We stand vindicated.Lot of noise was made on forum because there was consensus building on thyrocare as next multi bagger while parag was seen as a failed company,but one must use common sense while investing.Parag is into diary business which has strong entry barrier,strong moat n margins are very attractive,its also market leader in few segments,commands respect next to Amul. while Thyocare is an unknown entity,shady promoters,weak moat,entry barrier easy anyone can replicate business,disruptive sector,DIY kits,pops n moms testing labs mushrooming all over.

After one month parag from 230 to 310

Thyrocare from 650 to 523 low ( cmp 560)
781. Virat Kohli |   Link |Jul 4, 2016 12:45:21 AM
let us see flex food now
780. Deepak Yadav |   Link |Jul 4, 2016 12:40:39 AM
:}>
779. Samim Ahammad |   Link |Jun 11, 2016 8:58:42 PM
PLSSSSSS KOHI MUGHE BATAO SIR MAHANAGAR IPO LISTING KITNE ME HOGA????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????
779.1. Eagleye |   Link |Jun 11, 2016 9:22:24 PM
IPO Guru IPO Guru (6400+ Posts, 21100+ Likes)
Only GOD can answer that question with any surety
779.2. gamble |   Link |Jun 20, 2016 6:01:25 PM
IPO Guru IPO Guru (1600+ Posts, 3900+ Likes)
Not trying to b god but just assumption/ prediction...mgl will b list @around 501-515
778. acestocktip |   Link |Jun 6, 2016 12:43:56 PM
Nibble a bit in Parag,strong MOAT,good business model,We have had given buy call ( in small quantities) in this counter, any panic sell off, must be bought into.This stock will give much better returns in long run than THYROCARE.

STRONG MOAT, difficult to replicate the diary business,trust is key factor here. After Amul, Parag has second highest market share in many diary segments.

777. Indy |   Link |Jun 6, 2016 1:25:28 AM
Sielently Dr lal path is moving north from 930
776. Arup |   Link |Jun 4, 2016 8:55:56 PM
IPO Mentor IPO Mentor (900+ Posts, 300+ Likes)
@niceplaywin ji,pcl will up on nxt wk around 10%,i will avg to exit on@160.this is an unexpart view only for short term trd.
775. kingsuper |   Link |Jun 4, 2016 12:50:18 PM
Any news about advance enzyme and quess corporation?
775.1. NeoTrade |   Link |Jun 7, 2016 8:26:55 PM
IPO Mentor IPO Mentor (500+ Posts, 100+ Likes)
AET around 12th june @ about 2100 cr valuation with about 80 cr FY16 PAT...I like the Company and numbers!
774. kingsuper |   Link |Jun 4, 2016 12:45:20 PM
MGL GREY MARKET PREMIUM?
773. Arjun Patel |   Link |Jun 4, 2016 11:52:53 AM
Mahanagar confirmed on 20th June.
However they are awaiting necessary approvals.

Soon Grey markets are going to be active.
773.1. Eagleye |   Link |Jun 4, 2016 11:57:36 AM
IPO Guru IPO Guru (6400+ Posts, 21100+ Likes)
yes @485
772. Earthking |   Link |Jun 4, 2016 9:56:35 AM
IPO Mentor IPO Mentor (500+ Posts, 200+ Likes)
Mahanagar gas IPO quick view

http://wealth18.com/mahanagar-gas-limited-mgl-ipo-details-and-review/
771. pinkyjain |   Link |Jun 4, 2016 2:05:19 AM
No RBL bank IPO this month.
Quess Corp is waiting necessary approval.
770. pinkyjain |   Link |Jun 4, 2016 2:04:17 AM
Mahanagar Gas IPO:-
Price band:- 455-485
Lot Size:- 30

Date:- 20-22 June

Issue Size:- 1198 Cr.
No Retail Discount
Tentative Detail


Advance Enzyme IPO Second Week June.
769. Hemant |   Link |Jun 3, 2016 11:18:24 PM
Result of QH:

sales YoY 26.3% increment to 338 cr
PAT increment 63.6% :o, seems nobody noticing these numbers :o to 58 crs
PAT margin 17.3 % wow!!

And it is debt free as on 31.03.16!!!!
769.1. venki |   Link |Jun 6, 2016 11:19:51 AM
How do you say it is debt free?
769.2. Hemant |   Link |Jun 7, 2016 11:35:18 AM
Check Audited balance sheet FY2016.
768. NeoTrade |   Link |Jun 3, 2016 7:21:44 PM
IPO Mentor IPO Mentor (500+ Posts, 100+ Likes)
SEBI consent order paves the way for RBL Bank''s IPO

Read more at:
http://www.vccircle.com/news/banking/2016/06/02/sebi-consent-order-paves-way-rbl-banks-ipo
767. Nanak |   Link |Jun 3, 2016 4:48:43 PM
On listing day every one says book profit & getout yourself. Icannot understand how we can take post listing benfit like ujjewen.can anybody guide to common investor
766. Nanak |   Link |Jun 3, 2016 4:44:36 PM
Any exact date for advance enzyme & quess
766.1. NeoTrade |   Link |Jun 3, 2016 7:13:01 PM
IPO Mentor IPO Mentor (500+ Posts, 100+ Likes)
13th June for AET...Quess I guess is 20th June!
765. Khemka |   Link |Jun 3, 2016 2:15:49 PM
IPO Guru IPO Guru (1000+ Posts, 400+ Likes)
Bullet train to cross 600 next week comfortably
765.2. D K DELHI |   Link |Jun 3, 2016 3:27:42 PM
next week me 600 /- nahi hoga . confirm
765.3. Khemka |   Link |Jun 3, 2016 5:30:33 PM
IPO Guru IPO Guru (1000+ Posts, 400+ Likes)
Can''t say anything but speed matters
764. Khemka |   Link |Jun 3, 2016 11:47:18 AM
IPO Guru IPO Guru (1000+ Posts, 400+ Likes)
Bullet train ujjivan crossed 380 smoothly
764.1. Deeep |   Link |Jun 3, 2016 12:13:32 PM
It has to stop at some point of time... cant go on like this forever..
i think 400 will be the price at which stock will find difficult to cross.
763. Deeep |   Link |Jun 3, 2016 11:46:27 AM
i bought alkem@1250 on last friday..
now its almost trading at 1350..
what should be the target for the stock?
suggestions plz