Prabhat Dairy is coming out with a 100% book building; initial public offering (IPO) of shares of Rs 10 each in a price band Rs 140-147 per equity share. The issue will open for subscription on August 28, 2015 and will close on September 1, 2015.
The issue proceed is being used to part pre-payment of loans availed by the company and its wholly owned subsidiary, SAIPL; meet capital expenditure and general corporate purposes.
The book running lead managers to the issue are Edelweiss Financial Services, Macquarie Capital Securities (India) and SBI Capital Markets, while compliance officer for the issue is Priya Nagmoti.
The company is an integrated milk and dairy products company in India catering to institutional as well as retail customers. It produces 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.
