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Prabhat Dairy IPO is a book built issue of Rs 356.19 crores.
Prabhat Dairy IPO bidding started from August 28, 2015 and ended on September 4, 2015. The shares got listed on BSE, NSE on September 21, 2015.
Prabhat Dairy IPO price band is set at ₹115 to ₹126 per share. The minimum lot size for an application is 102 Shares. The minimum amount of investment required by retail investors is ₹12,852.
Edelweiss Financial Services Ltd, Macquarie India Advisory Services Private Limited and SBI Capital Markets Limited are the book running lead managers of the Prabhat Dairy IPO, while Kfin Technologies Limited is the registrar for the issue.
Refer to Prabhat Dairy IPO RHP for detailed information.
| IPO Date | August 28, 2015 to September 4, 2015 |
| Listing Date | September 21, 2015 |
| Face Value | ₹10 per share |
| Price Band | ₹115 to ₹126 per share |
| Lot Size | 102 Shares |
| Total Issue Size | [.] shares (aggregating up to ₹356.19 Cr) |
| Retail Discount | Rs 5 per share |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
Prabhat Dairy IPO offers 36,412,348 shares. 18,206,173 (50.00%) to QIB, 5,461,853 (15.00%) to NII, 12,744,322 (35.00%) to RII. 124,944 RIIs will receive minimum 102 shares and (sNII) and (bNII) will receive minimum 1,632 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 18,206,173 (50.00%) | NA |
| NII (HNI) Shares Offered | 5,461,853 (15.00%) | |
| Retail Shares Offered | 12,744,322 (35.00%) | 124,944 |
| Total Shares Offered | 36,412,348 (100%) |
Investors can bid for a minimum of 102 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 102 | ₹12,852 |
| Retail (Max) | 15 | 1530 | ₹192,780 |
| Lot Size Calculator | |||
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.
| 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.
[Dilip Davda]
This IPO is from "White Revolution" segment after a long period and as the company has proved its mettle in progress till now and is confident of maintaining the growth pattern, this offer is worth considering for investment on a medium to long term basis.
Read detail review...The Prabhat Dairy IPO is subscribed 0.77 times on September 4, 2015 5:00:00 PM. The public issue subscribed 0.34 times in the retail category, 0.88 times in the QIB category, and 1.42 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 0.88 |
| NII | 1.42 |
| Retail | 0.34 |
| Total | 0.77 |
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
| Listing Date | September 21, 2015 |
| BSE Script Code | 539351 |
| NSE Symbol | PRABHAT |
| ISIN | INE302M01033 |
| Final Issue Price | ₹115 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹115.00 |
| ₹115.00 |
| ₹112.40 |
| ₹120.00 |
| ₹116.35 |
| NSE |
|---|
| ₹115.00 |
| ₹113.00 |
| ₹112.00 |
| ₹119.95 |
| ₹115.95 |
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
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: prabhat.ipo@karvy.com
Website: https://kosmic.kfintech.com/ipostatus/
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 share. The minimum order quantity is 102 Shares.
The IPO opens on August 28, 2015, and closes on September 4, 2015.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Prabhat Dairy IPO opens on August 28, 2015 and closes on September 4, 2015.
Prabhat Dairy IPO lot size is 102 Shares, and the minimum amount required is ₹12,852.
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, Nuvama, 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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