Tuesday, August 18, 2015

Prabhat Dairy Limited IPO Opens on Aug 28

Prabhat Dairy Limited is entering in the capital markets with an initial public offering, IPO of 14,706,000 Equity Shares of Rs 10 each. The price band for the issue has been fixed at Rs 140 at lower level and Rs 147 at upper level.

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.

The issue opens on Aug 28, 2015 and closes for subscription on Sep 1, 2015. The equity shares of the issue are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).