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    Thursday , May 12, 2016


   Publication: DNA , Agency:Bureau
   Edition: Mumbai , Page No: 13 , Location: Middle Left , Size(sq.cms): 60

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Parag issue sails after price band cut, date extension

Mumbai: Parag Milk Foods's ini­tial public offering, which was extended by three days, got over­subscribed 1.83 times, with quali­fied institutional inves­tors quota receiving full subscription on the fi­nal day of the offer.
The Rs 760 crore IPO, which had opened for subscription on Wednesday, received bids for 3,56,91,955 shares against the total issue size of 1,95,06,590 shares, as per data available with the NSE till 18:00 hours.
The qualified institutional buyers (QIB) portion was over-
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subscribed 1.15 times, while non-institutional category was also subscribed 3.08 times, according to a company release.
Retail portion was subscribed 2.12 times.
The issue was fully subscribed at the upper end of the price band Rs 227 per share, it said. Parag Milk Foods on Friday extended its IPO for further three days till today and revised its price band to Rs 215-227 per share. The offer was earlier sched­uled to close on Friday while the price band was previously fixed at Rs 220-227.-PTI

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Date: Thursday , May 12, 2016
Publication: DNA, Agency: Bureau
Edition: Mumbai, Page No: 13, Location: Middle Left, Size(sq.cms): 60