1. Parag Milk Foods to make stock market debut on May 19

Parag Milk Foods to make stock market debut on May 19

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

By: | Published: May 18, 2016 1:43 PM
Parag-milk The issue period was from May 4-11. Parag Milk had also revised price band to Rs 215-227 per share.

Dairy firm Parag Milk Foods, which recently concluded its extended IPO, will list shares on the bourses on Thursday.

The company’s Rs 760-crore initial public offering (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. Parag Milk had also revised price band to Rs 215-227 per share.

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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