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.
| Issue Open | Aug 28, 2015 - Sep 4, 2015 |
| Issue Type | Book Built Issue IPO |
| Issue Size | [.] Eq Shares of ₹10 (aggregating up to ₹356.19 Cr) |
| Face Value | ₹10 Per Equity Share |
| Issue Price | ₹115 - ₹126 Per Equity Share |
| Retail Discount | Rs 5 |
| Market Lot | 102 Shares |
| Min Order Quantity | 102 Shares |
| Listing At | BSE, NSE |
| 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
No. of Times Issue Subscribed (BSE + NSE) | ||||
|---|---|---|---|---|
As on Date & Time | QIB | NII | RII | Total |
Shares Offered | 18,206,173 | 5,461,853 | 12,744,322 | 36,412,348 |
Sep 4, 2015 17:00 | 0.88x | 1.42x | 0.34x | 0.77x |
| Listing Date | Monday, September 21, 2015 |
| BSE Script Code | 539351 |
| NSE Symbol | PRABHAT |
| Listing In | B |
| ISIN | INE302M01033 |
| Issue 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
Karvy Computershare Private Limited
Karvy Registry House, 8-2-596, St. No. 1,
Banjara Hills, Hyderabad - 500 034
Andhra Pradesh, India
Phone: +91-40-23312454
Email: prabhat.ipo@karvy.com
Website: https://karisma.karvy.com/
Prabhat Dairy IPO is an main-board initial public offering of [.] equity shares of the face value of ₹10 aggregating up to ₹356.19 Crores.
The issue price of the IPO is ₹115 - ₹126 Per Equity Share. The minimum order quantity is 102 Shares per application and the offer type is Book Built Issue.
The IPO opens on Aug 28, 2015 and closes on Sep 4, 2015.
Karvy Computershare 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 application can be done through banks using ASBA online or through stock brokers trading account using UPI. All popular banks i.e. HDFC, ICICI, and SBI offer online IPO applications. An investor can also apply directly through their broker (i.e. Zerodha, Sharekhan) using UPI as a payment method.
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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