Both have filed draft documents with markets regulator Sebi to float their initial public offers (IPOs).
The public issue of Parag Milk Foods consists of fresh issue of equity shares worth Rs 325 crore and an offer for sale of up to 19,850,000 equity shares.
The net proceeds are to be utilised for expansion and modernisation as well as investment in subsidiary which will modernise the Bhagyalaxmi Dairy Farm.
The Book Running Lead Managers for Parag Milk IPO are Kotak Mahindra Capital, JM Financial Institutional Securities, IDFC Securities and Motilal Oswal Investment Advisors.
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That apart, up to 9.3 lakh equity shares would be made by Sandeep Kumar Maini and up to 500,000 equity shares each by Gautam Maini and Chetan Kumar Maini.
Sudarshan Kumar Maini, Reva Maini, Sandeep Kumar Maini, Gautam Maini and Chetan Kumar Maini are promoters of the company.
The proceeds of the issue will be utilised for construction of a new building for a manufacturing facility at Nelamangala, for purchase of of machinery, part pre-payment of debt and other general corporate purposes.
The equity shares offered through both the issues are proposed to be listed on the BSE and the NSE.