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Parag Milk to make stock market debut tmrw

The dairy firm Rs 760-crore IPO, was extended by three days, and was oversubscribed by 1.83 times on the final day of the offer

Parag Milk to make stock market debut tmrw

Press Trust of India New Delhi
Dairy firm Parag Milk Foods, which recently concluded its extended initial public offering (IPO), will list shares on the bourses tomorrow.

The company's Rs 760-crore IPO, which was extended by three days, was oversubscribed 1.83 times on the final day of the offer which ended on May 11.

The issue period was from May 4-11. The dairy firm had also revised price band to Rs 215-227 per share.

Earlier, the price band was previously fixed at Rs 220-227.

The book running lead managers to the issue were Kotak Mahindra Capital Company, JM Financial Institutional Securities, IDFC Securities and Motilal Oswal Investment Advisors Private.
 

The equity shares will be listed on BSE and NSE.

Maharashtra-based Parag Milk, which began operations in 1992, is a leading manufacturers and marketers of dairy-based branded foods in the country.

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First Published: May 18 2016 | 1:45 PM IST

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