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Prabhat Dairy Limited IPO (Prabhat Dairy IPO) Detail

Aug 28, 2015 - Sep 4, 2015

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.

Company Financials

ParticularsFor the year/period ended (in Rs. Million)
31 Mar 1531 Mar 1431 Mar 1331 Mar 12
Total Income10,017.388,576.586,419.394,838.21
Profit After Tax (PAT)210.45207.79140.6695.13

Objects of the Issue

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.

Prabhat Dairy IPO Details

Prabhat Dairy IPO Date Aug 28, 2015 to Sep 4, 2015
Prabhat Dairy IPO Face Value ₹10 per share
Prabhat Dairy IPO Price ₹115 to ₹126 per share
Prabhat Dairy IPO Lot Size 102 Shares
Issue Size[.] shares of ₹10
(aggregating up to ₹356.19 Cr)
Retail Discount Rs 5
Issue Type Book Built Issue IPO
Listing At BSE, NSE
Company Promoters

The promoters of the company are:

1. Nirmal Family Trust,
2. Sarangdhar Ramchandra Nirmal, and
3. Vivek Sarangdhar Nirmal

Prabhat Dairy IPO Lot Size

The Prabhat Dairy IPO 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
Retail (Min) 1 102 ₹12,852
Retail (Max) 15 1530 ₹192,780

IPO Notices

External Link

Prabhat Dairy IPO Date and Price Revised

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

Prabhat Dairy IPO Review

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...


Prabhat Dairy IPO Subscription Status (Bidding Detail)

The Prabhat Dairy IPO is subscribed 0.77 times on Sep 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)

CategorySubscription (times)
QIB0.88
NII1.42
Retail0.34
Total0.77

Prabhat Dairy IPO Prospectus

Prabhat Dairy IPO Rating

373
3.9
Rating:Rated 3.9 stars
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Prabhat Dairy IPO Listing Date

Listing Date Monday, September 21, 2015
BSE Script Code 539351
NSE Symbol PRABHAT
Listing In B Group of Securities
ISIN INE302M01033
IPO Price ₹115 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO 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

Company Contact Information

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

Prabhat Dairy IPO Registrar

KFin Technologies Limited

Phone: 04067162222, 04079611000
Email: prabhat.ipo@karvy.com
Website: https://karisma.kfintech.com/

Prabhat Dairy IPO Review

Prabhat Dairy IPO Recommendation Summary

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Members 0 0 0

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IPO Broker Recommendations

Prabhat Dairy IPO FAQs

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 Aug 28, 2015, and closes on Sep 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 Aug 28, 2015 and closes on Sep 4, 2015.

Prabhat Dairy IPO lot size is 102 Shares and the minimum order quantity is .

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.

The Prabhat Dairy IPO listing date is on Monday, September 21, 2015.
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Prabhat Dairy IPO Message Board

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388 Comments

205. SURESH SUBRAMANIAN |   Link |Oct 21, 2015 8:59:26 PM
APPLIED 2 LOTS . SOLD AT Rs.132 today
204. Septa |   Link |Oct 12, 2015 8:01:46 PM
IPO Guru IPO Guru (4000+ Posts, 4600+ Likes)
Prabhat Dairy Ltd has informed BSE that the Income Tax Department has pursuant to the provisions of section 132(1) and section 133A of the Income Tax Act, 1961 conducted a search at the offices of the Company at Shrirampur, Pune and Navi Mumbai and also at the offices of the subsidiaries of the Company and the residence of Executive Directors residing at Shrirampur on October 09, 2015 which concluded in the early morning hours on October 12, 2015.
203. IPO GRUP |   Link |Oct 6, 2015 10:14:43 AM
SAB ISSUE SRADHHA KE BADHA HI AHEGA
202. Rajasthan |   Link |Oct 6, 2015 8:40:15 AM
Reliance mutual fund bought huge quantity in yesterday''s trade....better days are ahead
201. Rajasthan |   Link |Oct 5, 2015 9:45:30 PM
Today sold part of holding @ 122,thi so called weak fundamental and overpriced issue is giving more profit than other fundamentally strong issues..all analyasts who were predicting price of 60_70 for prabhat dairy have got good reply from market
201.1. NeoTrade |   Link |Oct 6, 2015 10:40:49 AM
IPO Mentor IPO Mentor (500+ Posts, 100+ Likes)
Congratulations...I am still holding on!!! :)
200. Equitymaster |   Link |Sep 21, 2015 1:06:55 PM
Kaha Gaye sab expert negative bolne wale. Dekho fundamentally strong company.
200.2. IPOANALYSIS |   Link |Sep 25, 2015 1:17:46 PM
BADI FUNDAMENTALLY STRONG COMPANY HAI YEH. HAHAHA ITS DOWNWARD JOUNEY HAS STARTED WILL BE AVALIABLE AT HALF THE ISSUE PRICE AFTER FEW MONTHS. ALREADY FORMED BEARISH PATTERN
200.3. NeoTrade |   Link |Oct 6, 2015 10:41:24 AM
IPO Mentor IPO Mentor (500+ Posts, 100+ Likes)
Septaji / IPOANALYSIS...trust you would take us new boarders more seriously next time :)
199. atul |   Link |Sep 21, 2015 12:38:45 PM
Top Contributor Top Contributor (200+ Posts)
Now it is very clear as for as ipos are concerns.do not take any advice from any respected members.all the advices flowted by trusted by members were wrong .neo trade was right
198. PLC |   Link |Sep 21, 2015 12:20:05 PM
i have 1 lot. what should i do? sell it or hold it? if sell than 127 is ok?
198.2. jagadish abbigeri |   Link |Sep 24, 2015 12:45:00 PM
Neo, plz tel me ur view on Indigo IPO, how many lots one can apply
198.3. NeoTrade |   Link |Oct 1, 2015 6:23:09 PM
IPO Mentor IPO Mentor (500+ Posts, 100+ Likes)
I would apply in Indigo IPO for the listing pop...long term I am not bullish on aviation as its a sector with massive political headwinds or tailwinds depending on ruling govt and promoters...at best one could hold it for the medium term and then take a call for the long term, if at all!
197. Dev dio |   Link |Sep 21, 2015 10:20:19 AM
PRABHAT NEW TGT 132?
197.1. IPO GRUP |   Link |Sep 25, 2015 2:02:14 PM
TARGET @ 032
196. SachinAgarwal |   Link |Sep 20, 2015 10:30:09 PM
Listing at 108
Go to 112
195. star ipo |   Link |Sep 20, 2015 4:33:32 PM
Bad listings on card, selling fridge might seen seems,
194. Rashesh shah |   Link |Sep 20, 2015 12:52:15 PM
I think investor will get price Rs 120
193. mah agarwal |   Link |Sep 19, 2015 9:49:40 PM
stock will shoot upto 150 levels...high expectations from this company....it is sad the market was bad when the ipo was launched
192. Viraj |   Link |Sep 19, 2015 12:47:48 PM
IPO Mentor IPO Mentor (800+ Posts, 1000+ Likes)
It may be list about 120-125
191. IPOANALYSIS |   Link |Sep 18, 2015 12:16:52 AM
HUGE SELLING . NO BUYERS WOULD BUY THIS JUNK.

STOCK TO LIST AT 100 RS. WILL DRIFT TO 65 RS IN 3-6 MONTHS.
190. brijeshsagar |   Link |Sep 17, 2015 10:00:25 PM
Listing will touch 120
189. dpcdsl |   Link |Sep 17, 2015 3:18:00 PM
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
BSE Notice:
Trading Members of the Exchange are hereby informed that effective from Monday, September 21, 2015, the equity shares of Prabhat Dairy Limited shall be listed and admitted to dealings on the Exchange in the list of ‘B’ Group of Securities.
Scrip code 539351.

188. NEMICHAND BOTHRA |   Link |Sep 17, 2015 10:37:34 AM
Prabhat dairy listing 21sep Monday final
187. SachinAgarwal |   Link |Sep 16, 2015 4:40:36 PM
18 sep
186. Ved Patel |   Link |Sep 16, 2015 12:43:42 PM
Any confirmed date of listing for Prabhat Dairy?