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    Friday , May 06, 2016

   Parag Milk Foods IPO garners 23% subscription on Day 2

   Publication: Business Standard , Journalist:Purva Chitnis
   Edition: Delhi/Mumbai , Page No: 15 , Location: Middle-Center , Size(sq.cms): 64
  

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Parag Milk Foods IPO garners 23% subscription on Day 2
The Rs767-crore initial public offering (IPO) of Parag Milk Foods has received luke­warm response so far. The IPO, which closes on Friday, has been subscribed only 23 per cent. The company is looking to raise Rs3OO crore from the issue of fresh equity. The IPO also comprises a second­ary share sale by existing investors worth Rs467 crore. The price band for the IPO is Rs22O-227 and retail investors are being offered an additional discount of Rs12. The institution­al investor portion has been subscribed only 13 per cent, the high networth individual 22 per cent and the retail portion has garnered 50 per cent, provisional data provided by stock exchanges on Thursday showed.                       PURVA CHITNIS
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Parag Milk Foods IPO garners 23% subscription on Day 2
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Date: Friday , May 06, 2016
Publication: Business Standard, Journalist: Purva Chitnis
Edition: Delhi/Mumbai, Page No: 15, Location: Middle-Center, Size(sq.cms): 64