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 Promoters:

The Promoters of the company are:

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

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 Opening DateMay 4, 2016
IPO Closing DateMay 11, 2016
Issue TypeBook Built Issue IPO
Face Value₹10 per equity share
IPO Price₹215 to ₹227 per equity share
Market Lot65 Shares
Min Order Quantity65 Shares
Listing AtBSE, NSE
Issue Size[.] Eq Shares of ₹10
(aggregating up to ₹751.78 Cr)
Fresh Issue[.] Eq Shares of ₹10
(aggregating up to ₹325.00 Cr)
Offer for Sale19,850,000 Eq Shares of ₹10
(aggregating up to ₹[.] Cr)

Parag Milk IPO Lot Size

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

ApplicationLotsSharesAmount (Cut-off)
Minimum165₹14,755
Maximum13845₹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 Subscription Status (Bidding Detail)

The Parag Milk IPO is subscribed 1.83x times on May 11, 2016 17:00. The public issue subscribed 2.12x in the retail category, 1.15x in the QIB category, and 3.08x in the NII category. Check Day by Day Subscription Details (Live Status)

CategoryIPO Subscription
QIB

1.15x

NII

3.08x

RII

2.12x

Employee

1.02x

Total

1.83x

Parag Milk IPO Prospectus

Parag Milk IPO Rating

593
3.7
Rating:Rated 3.7 stars

Vote Here ...

Parag Milk IPO Listing Date

Listing DateThursday, May 19, 2016
BSE Script Code539889
NSE SymbolPARAGMILK
Listing InB Group of Securities
ISININE883N01014
IPO Price₹215 per equity share
Face Value₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume
BSE
₹215.00
₹215.70
₹215.70
₹250.00
₹247.80
4,428,319
NSE
₹215.00
₹217.50
₹217.50
₹249.70
₹247.00
19,256,465

Parag Milk IPO Reviews / Ratings

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  • SPA Financial Advisor Ltd - Subscribe

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

KFintech Private Limited
   KFintech, Tower-B, Plot No 31 & 32,
   Financial District, Nanakramguda, Gachibowli,
   Hyderabad, Telangana India - 500 032.

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

Parag Milk IPO FAQs

  1. What is Parag Milk IPO?

    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 equity share. The minimum order quantity is 65 Shares.

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

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

  2. When Parag Milk IPO will open?

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

  3. What is the lot size of Parag Milk IPO?

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

  4. How to apply for Parag Milk IPO?

    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.

  5. When Parag Milk IPO allotment?

    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.

  6. When is Parag Milk IPO listing date?

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

Parag Milk IPO Message Board

Ranked Members  Ranked Members

Loading...
782. acestocktip |Jul 8, 2016 13:30
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 |Jul 3, 2016 23:45
let us see flex food now
780. Deepak Yadav |Jul 3, 2016 23:40
:}>
779. Samim Ahammad |Jun 11, 2016 19:58
PLSSSSSS KOHI MUGHE BATAO SIR MAHANAGAR IPO LISTING KITNE ME HOGA????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????
779.1. Eagleye |Jun 11, 2016 20:22
IPO Guru IPO Guru (5800+ Posts, 19500+ Likes)
Only GOD can answer that question with any surety
779.2. gamble |Jun 20, 2016 17:01
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 |Jun 6, 2016 11:43
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 |Jun 6, 2016 00:25
Sielently Dr lal path is moving north from 930
776. Arup |Jun 4, 2016 19:55
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 |Jun 4, 2016 11:50
Any news about advance enzyme and quess corporation?
775.1. NeoTrade |Jun 7, 2016 19:26
Top Contributor Top Contributor (200+ Posts)
AET around 12th june @ about 2100 cr valuation with about 80 cr FY16 PAT...I like the Company and numbers!
774. kingsuper |Jun 4, 2016 11:45
MGL GREY MARKET PREMIUM?
773. Arjun Patel |Jun 4, 2016 10:52
Mahanagar confirmed on 20th June.
However they are awaiting necessary approvals.

Soon Grey markets are going to be active.
773.1. Eagleye |Jun 4, 2016 10:57
IPO Guru IPO Guru (5800+ Posts, 19500+ Likes)
yes @485
772. Earthking |Jun 4, 2016 08:56
Top Contributor Top Contributor (200+ Posts)
Mahanagar gas IPO quick view

http://wealth18.com/mahanagar-gas-limited-mgl-ipo-details-and-review/
771. pinkyjain |Jun 4, 2016 01:05
No RBL bank IPO this month.
Quess Corp is waiting necessary approval.
770. pinkyjain |Jun 4, 2016 01:04
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 |Jun 3, 2016 22:18
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 |Jun 6, 2016 10:19
How do you say it is debt free?
769.2. Hemant |Jun 7, 2016 10:35
Check Audited balance sheet FY2016.
768. NeoTrade |Jun 3, 2016 18:21
Top Contributor Top Contributor (200+ Posts)
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 |Jun 3, 2016 15:48
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 |Jun 3, 2016 15:44
Any exact date for advance enzyme & quess
766.1. NeoTrade |Jun 3, 2016 18:13
Top Contributor Top Contributor (200+ Posts)
13th June for AET...Quess I guess is 20th June!
765. Khemka |Jun 3, 2016 13:15
IPO Guru IPO Guru (1000+ Posts, 400+ Likes)
Bullet train to cross 600 next week comfortably
765.2. D K DELHI |Jun 3, 2016 14:27
next week me 600 /- nahi hoga . confirm
765.3. Khemka |Jun 3, 2016 16:30
IPO Guru IPO Guru (1000+ Posts, 400+ Likes)
Can''t say anything but speed matters
764. Khemka |Jun 3, 2016 10:47
IPO Guru IPO Guru (1000+ Posts, 400+ Likes)
Bullet train ujjivan crossed 380 smoothly
764.1. Deeep |Jun 3, 2016 11:13
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 |Jun 3, 2016 10:46
i bought alkem@1250 on last friday..
now its almost trading at 1350..
what should be the target for the stock?
suggestions plz







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