Parag Milk Foods to file for IPO for business expansion
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01 Oct 2015
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Parag Milk Foods has said that it has filed draft papers to fund business expansion, media reported. As per reports, the company has 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 will 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. The equity shares offered through the issue is proposed to be listed on the BSE and the NSE. Parag Milk Foods is a leading dairy products manufacturer from India, exporting milk and dairy products, skimmed milk powder, milk and milk products. |
| Source: Dion Global Type: IPO Related |
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