Parag Milk Foods IPO hits market today
04/05/2016 14:33
Parag Milk Foods Ltd. (PMFL), manufacturers and marketers of dairy-based branded foods, has hit the capital markets with its initial public offer at a price band of Rs 220-227 per equity share. It is looking to raise Rs 753-767 crore from the equity market, said the media report. PMFL raised nearly Rs 343 crore from anchor investors on Tuesday. It sold 1.51 crore shares to a total of 17 anchor investors ahead of the opening of the company's initial public offer (IPO). The shares were allotted to the anchor investors at Rs 227 per share, the top end of the Rs 220 to Rs 227 per share price band for the IPO, said the media report. The bidding will close on 6 May 2016. Shares of the company will be listed on BSE as well as NSE.
04/05/2016 14:33
