Prabhat Dairy Limited is an integrated milk and dairy products company in India catering to institutional as well as retail customers. Prabhat Dairy produce fresh, dry, frozen, cultured and fermented dairy products, including pasteurized milk, flavoured milk, sweetened condensed milk, ultra-pasteurised or ultra-high temperature (UHT) milk, yoghurt, dairy whitener, clarified butter (ghee), milk powder, ingredients for baby foods, lassi and chaas.
Highlights:
1. As of March 15, 2015, Prabhat Dairy had an aggregate milk processing capacity of 1.5 million litres per day.
2. Integrated business model enables the company to leverage the dairy industry value chain, ensure efficiency in costs and operating margins and exercise more control over the production process resulting in quality products.
3. Sales of institutional products represented majority of its revenue.
4. Prabhat Dairy procure a majority of its raw milk requirements directly from milk farmers and registered milk vendors in the State of Maharashtra.
5. Company has established large, automated production facilities with advanced equipment at Shrirampur (Ahmednagar) and at Navi Mumbai.
Products:
1. Institutional Products:
Prabhat Dairy produce a range of milk and dairy products including milk-based specialty ingredient products and co-manufactured products for a large number of Indian and multinational companies.
The specialty ingredient products include nutrition supplements and formulations for baby food, sweetened condensed milk, partially skimmed milk, skimmed milk powder, skimmed milk preparations, full cream milk powder and specialty milk powder
The co-manufactured products include UHT milk, specialty milk powders, curd (dahi), clarified butter (ghee), flavoured milk, dairy whiteners, yogurts, processed and concentrated milk, and ice creams
2. Retail Consumer Products:
Prabhat Dairy's retail consumer products include pasteurized milk, UHT milk, flavoured milk, sweetened condensed milk, dairy whitener, milk powder, lassi, curd (dahi), chaas and clarified butter (ghee) sold under the Prabhat, Flava and Milk Magic brands.
The promoters of the company are:
1. Nirmal Family Trust,
2. Sarangdhar Ramchandra Nirmal, and
3. Vivek Sarangdhar Nirmal
| Particulars | For the year/period ended (in Rs. Million) | |||
| 31 Mar 15 | 31 Mar 14 | 31 Mar 13 | 31 Mar 12 | |
| Total Income | 10,017.38 | 8,576.58 | 6,419.39 | 4,838.21 |
| Profit After Tax (PAT) | 210.45 | 207.79 | 140.66 | 95.13 |
The Net Proceeds from the Fresh Issue will be utilised towards the following objects:
1. Part pre-payment of loans availed by the company and its wholly owned subsidiary, SAIPL;
2. To meet capital expenditure; and
3. General corporate purposes.
| IPO Opening Date | Aug 28, 2015 |
| IPO Closing Date | Sep 4, 2015 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹115 to ₹126 per equity share |
| Market Lot | 102 Shares |
| Min Order Quantity | 102 Shares |
| Listing At | BSE, NSE |
| Issue Size | [.] Eq Shares of ₹10 (aggregating up to ₹356.19 Cr) |
| Retail Discount | Rs 5 |
The Prabhat Dairy IPO market lot size is 102 shares. A retail-individual investor can apply for up to 15 lots (1530 shares or ₹192,780).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 102 | ₹12,852 |
| Maximum | 15 | 1530 | ₹192,780 |
BRLM to the Prabhat Dairy Limited issue, has informed the Exchange that the issue closure date has been extended upto 04 September,2015. Post issue modification date has been revised to 05 September,2015.Price band has been revised from 140/- to Rs. 147/- To Rs. 115/- to Rs. 126/- per share
The Prabhat Dairy IPO is subscribed 0.77x times on Sep 4, 2015 17:00. The public issue subscribed 0.34x in the retail category, 0.88x in the QIB category, and 1.42x in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | IPO Subscription |
|---|---|
| QIB | 0.88x |
| NII | 1.42x |
| RII | 0.34x |
| Total | 0.77x |
| Listing Date | Monday, September 21, 2015 |
| BSE Script Code | 539351 |
| NSE Symbol | PRABHAT |
| Listing In | B |
| ISIN | INE302M01033 |
| IPO Price | ₹115 per equity share |
| Face Value | ₹10 per equity share |
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Prabhat Dairy Limited
121/2A At Post Ranjankholrahata,
Shrirampur, Ahmednagar 413 720
Phone: +9124 2264 5500
Email: priya.nagmoti@prabhatfresh.com
Website: http://www.prabhatfresh.com
KFintech Private Limited
Selenium Building, Tower-B, Plot No 31 & 32,
Financial District,Nanakramguda, Serilingampally,
Rangareddi, Telangana India - 500 032.
Phone: 1-800-3454001
Email: prabhat.ipo@karvy.com
Website: https://karisma.kfintech.com/
Prabhat Dairy IPO is a main-board IPO of [.] equity shares of the face value of ₹10 aggregating up to ₹356.19 Crores. The issue is priced at ₹115 to ₹126 per equity share. The minimum order quantity is 102 Shares.
The IPO opens on Aug 28, 2015, and closes on Sep 4, 2015.
KFintech Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Prabhat Dairy IPO opens on Aug 28, 2015 and closes on Sep 4, 2015.
Prabhat Dairy IPO lot size is 102 Shares and the minimum order quantity is 102 Shares.
You can apply in Prabhat Dairy 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 Prabhat Dairy IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Prabhat Dairy IPO allotment status.
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