Stocks

Parag Milk to list on bourses on Thursday

PTI New Delhi | Updated on January 20, 2018 Published on May 18, 2016

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

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 the 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 the BSE and NSE.

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

Published on May 18, 2016
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