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Home › IPOs › Prabhat Dairy Ltd.
PR
Prabhat Dairy Ltd.
CLOSED NSE & BSE Bookbuilding IPO Fresh Capital-cum-Offer for Sale Prabhat Dairy IPO GMP
GREY MARKET PREMIUM
₹ 0
No premium data
EST. LISTING PRICE
₹126
Issue Price: ₹ 126
Issue Price
₹126
Face Value
₹10
Lot Size
102 shares
Open Date
28 Aug 2015
Close Date
04 Sep 2015
Listing Date
21 Sep 2015
Exchange
NSE & BSE
Prabhat Dairy IPO About the Company

Prabhat Dairy Limited is an integrated milk and dairy products company in India catering to institutional as well as retail customers. Prabhat Dairy produce fresh, dry, frozen, cultured and fermented dairy products, including pasteurized milk, flavoured milk, sweetened condensed milk, ultra-pasteurised or ultra-high temperature (UHT) milk, yoghurt, dairy whitener, clarified butter (ghee), milk powder, ingredients for baby foods, lassi and chaas.

Highlights:
1. As of March 15, 2015, Prabhat Dairy had an aggregate milk processing capacity of 1.5 million litres per day.

2. Integrated business model enables the company to leverage the dairy industry value chain, ensure efficiency in costs and operating margins and exercise more control over the production process resulting in quality products.

3. Sales of institutional products represented majority of its revenue.

4. Prabhat Dairy procure a majority of its raw milk requirements directly from milk farmers and registered milk vendors in the State of Maharashtra.

5. Company has established large, automated production facilities with advanced equipment at Shrirampur (Ahmednagar) and at Navi Mumbai.

Products:
1. Institutional Products:
Prabhat Dairy produce a range of milk and dairy products including milk-based specialty ingredient products and co-manufactured products for a large number of Indian and multinational companies.

The specialty ingredient products include nutrition supplements and formulations for baby food, sweetened condensed milk, partially skimmed milk, skimmed milk powder, skimmed milk preparations, full cream milk powder and specialty milk powder

The co-manufactured products include UHT milk, specialty milk powders, curd (dahi), clarified butter (ghee), flavoured milk, dairy whiteners, yogurts, processed and concentrated milk, and ice creams

2. Retail Consumer Products:
Prabhat Dairy's retail consumer products include pasteurized milk, UHT milk, flavoured milk, sweetened condensed milk, dairy whitener, milk powder, lassi, curd (dahi), chaas and clarified butter (ghee) sold under the Prabhat, Flava and Milk Magic brands.

...read more
Prabhat Dairy IPO Objects of the Issue
Purpose Amount (₹ Cr)
1 Part pre-payment of loans availed by our Company and its wholly owned subsidiary, SAIPL ₹185
2 To meet capital expenditure ₹35
3 General corporate purposes ₹61
Prabhat Dairy IPO Lead Managers
Edelweiss Financial Services Ltd. Macquarie Capital Securities (India) Pvt.Ltd. SBI Capital Markets Ltd.
Financial Summary Amount in ₹ Crore
Metric 31 Mar 15 31 Mar 14 31 Mar 13
Revenue 1,002 858 642
PAT 21 21 14
Issue Details
Total Shares Offered
31,739,442 (100%)
Pre-Issue Shareholding
71,428,710 shares
Post-Issue Shareholding
97,690,854 shares
UPI Mandate
04 Sep 2015
IPO Analytics Dashboard
LIVE
Prabhat Dairy IPO GMP Insights
👤
Retail Demand
Good
💼
HNI Interest
Good
🏦
QIB Demand
Strong
📊
Valuation
Moderate
Prabhat Dairy IPO GMP Strength Score
7 / 10 Good
0–3 Weak 3–6 Moderate 6–8 Good 8–10 Strong
Prabhat Dairy IPO Category-wise Subscription Shares offered, bid & amount
Category Sub (x) Offered Bid For
🏦 QIB — 15,869,720 (50%) —
💼 NII / HNI — 4,760,917 (15%) —
👤 Retail (RII) — 11,108,805 (35%) —
Σ Total — 31,739,442 (100%) —

* Amount calculated at upper price band (₹126) ·  ** Total includes all investor categories

Subscription Overview Share allocation by investor category
🏦
QIB ? 15,869,720 (50%)
50%
💼
NII / HNI ? 4,760,917 (15%)
15%
👤
Retail (RII) ? 11,108,805 (35%)
35%
Total Shares Offered 31,739,442 (100%)
Prabhat Dairy IPO Application Sizing Minimum investment by category
👤 Retail Investors ?
Min. Lots 1
Shares / Lot 102
Min. Investment ₹11,730
💼 HNI Investors ?
Min. Lots 18
Min. Shares 1,836
Min. Investment ₹211,140
🏛️ bHNI (>₹10L) ?
Min. Lots 86
Min. Shares 8,772
Min. Investment ₹1,008,780
Investor Interpretation
  • Retail allocation is good at 35% of the total offering.
  • HNI/NII demand is good at 15%.
  • Institutional (QIB) interest is strong at 50%.

This IPO shows moderate investor interest. Review financial details and compare valuation with industry peers before investing.

STOCK PRICE HISTORY  ·  NSE
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Issue Price: ₹ 126  ·  Symbol: —
H —
L —
O —
Prabhat Dairy IPO Company Info
📍 121/2A At Post Ranjankholrahata, Shrirampur, Ahmednagar 413 720 Ahmednagar, Maharashtra
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Prabhat Dairy IPO Registrar
Kfin Technologies Ltd.
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Prabhat Dairy IPO FAQs
Prabhat Dairy IPO has already listed. Its last recorded GMP was ₹0. GMP is only indicative and never a guarantee of listing gains.
The issue price of Prabhat Dairy IPO is ₹126 per share. One lot has 102 shares, so the minimum investment is about ₹12,852. It is a Fresh Capital-cum-Offer for Sale issue.
Prabhat Dairy IPO opened on 28 Aug 2015 and closed on 04 Sep 2015. Shares are listed on NSE & BSE on 21 Sep 2015.
Prabhat Dairy Limited is an integrated milk and dairy products company in India catering to institutional as well as retail customers.
As per the offer document, Prabhat Dairy plans to use the IPO proceeds for: 1 Part pre-payment of loans availed by our Company and its wholly owned subsidiary, SAIPL (₹185); 2 To meet capital expenditure (₹35); 3 General corporate purposes (₹61).
The lead managers of Prabhat Dairy IPO are Edelweiss Financial Services Ltd., Macquarie Capital Securities (India) Pvt.Ltd., SBI Capital Markets Ltd..
Prabhat Dairy IPO is proposed to list on NSE & BSE; it is a Bookbuilding IPO and the issue is a Fresh Capital-cum-Offer for Sale.
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