Parag Milk IPO subscribed 23 pct on second day
06/05/2016 13:01
The Rs 760-crore IPO of dairy firm Parag Milk Foods was subscribed 23 per cent on the second day of the issue yesterday, said the PTI report. The offer received bids for 43,67,935 shares against the total issue size of 1,91,85,714 shares, as per data available with the NSE. The portion set aside for qualified institutional buyers (QIBs) was subscribed 13 per cent and non-institutional investors received 22 per cent subscription. Retail investor’s category was subscribed 50 per cent. The issue will close today. Parag Milk is looking to raise around Rs 760 crore through the IPO, whose price band has been fixed at Rs 220-227 per share. Parag Milk has already got commitments for shares worth Rs 343 crore from anchor investors. Shares of Parag Milk are proposed to be listed on BSE and NSE.
06/05/2016 13:01
The Rs 760-crore IPO of dairy firm Parag Milk Foods was subscribed 23 per cent on the second day of the issue yesterday, said the PTI report. The offer received bids for 43,67,935 shares against the total issue size of 1,91,85,714 shares, as per data available with the NSE. The portion set aside for qualified institutional buyers (QIBs) was subscribed 13 per cent and non-institutional investors received 22 per cent subscription. Retail investor’s category was subscribed 50 per cent. The issue will close today. Parag Milk is looking to raise around Rs 760 crore through the IPO, whose price band has been fixed at Rs 220-227 per share. Parag Milk has already got commitments for shares worth Rs 343 crore from anchor investors. Shares of Parag Milk are proposed to be listed on BSE and NSE.
