Parag Milk Foods Ltd IPO Message Board (Page 28)

GMP for PARAG?

5 to 6

I have one query.
How much min lock in period for Anchor Investor in IPO ?

Anchor Investors are commited to a lock-in for 30 calendar days from date of listing

Thanks Septa Sir and Eagleye.

Eagleye & Septa pls share ypur opinion for parag ipo ? whether to apply or not

I am not applying. I am giving this IPO miss give high valuation compare to it peers and upside also will be limited if any so i am not going to apply and give this issue a BIG MISS

Plus the market is not all rosy looking at volatility index globally we could see 500 points falls in r market so such high valuation company will be first to fall

can any body explain kostak?

Nice info Septa. Just a doubt.. Subscription figure includes all categories of investors or just RIIs ?

JUST RII

It is better to save money then earning risky money....I have been applying in ipo''s since last 5 years....and have not loss money in ipo till this year....But this year I loss money in precision camshafts and because of this loss I lose my patient and sell my ipo in team lease after which it touch 1200 .same condition arise this time in parag dairy.....so I will avoid it....however it may give return....since very small portion of ipo is for retail....which means low selling pressure and good retail discount....however steep pricing, corporate governance, low profit margin and no unique ness in ipo will be key risk in this ipo....
So better avoid then earning risky....future will come with more good ipo''s.

Auto sector is ready for double digit growth but septa ji most of the OEM in india have their own casting facility and machining.they r not depending on PCL.market knew this thing that is why india is not a big consumer market for PCL.that is why price is not moving.

That could be the case Atul with indian car manufacture. We know china is big market and what i am betting on 4,000,000 camshaft castings per annum at Huzhou in China facility. This will be the game changer IMO PCL have under played this big move during the IPO not sure why. At present market has Zero valuation for this side of the business. If this comes then PCL will be market dear and PE re rating.

4 million Camshaft and german inorganic takeover growth which also is not discount in price will have big effect.


This OEM business as RAJANI Sir says JUJU- P

Anchor list seems fishy. I never heard names of few anchor investors in past. It seems fews of them are fake. What do you say guys? Just a thought in my mind. Correct me if I m wrong.

Certainly not fake...but definitely fishy...new / unknown names indicates that the usual suspects chose to stay away since they probably understand that this is not a worthy bet...

Even though profit is growing, the cash flow is negative and it is an alarm bell.

where i have to complain abt not bid by bank

Abu dhabi,albert teacher,copthall Mauritius, govt pension fund,hostplus,indus ind Mauritius, jana emerging, morgan stanley Mauritius, neuberger,nomura,quantum Mauritius, sei global-are the anchor investors

Greetings

Please find attached herewith anchor allocation details of Parag Milk Foods Ltd. 


http://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20160503-23


Parag Milk Foods Limited allots 1.51 cr equity shares @ Rs. 227 per equity shares aggregating to Rs. 342.86 cr to anchor investors

Anchor Investors include: Nomura, Morgan Stanley, Abu Dhabi Investment Authority, Tata MF, Neuberger Berman, Quantum, etc.

Public Issue to open on Wednesday, May 4, 2016, and to close on Friday, May 6, 2016

Price Band fixed from Rs. 220 to Rs. 227 per Equity Share

Discount of up to Rs. 12 on Issue Price (per Equity Share) to all eligible Retail Individual Bidders and Eligible Employees

 

Parag Milk Foods Limited (the“Company” or “Issuer”) has finalized the allocation of 1,51,03,935 equity shares to anchor investors at a price of Rs. 227 per equity share aggregating to Rs. 342.86 crore to anchor investors. Anchor Investors include: Nomura, Morgan Stanley, Abu Dhabi Investment Authority, Tata MF, Neuberger Berman, Quantum, etc.

 

Abu Dhabi Investment Authority – Behave – 1423825 (9.43%)

Alberta Teachers Retirement Fund Board – 316495 (2.1%)

Copthall Mauritius Investment Limited – 913516 (6.05%)

Government Pension Fund Global – 1421095 (9.41%)

Hostplus Pooled Superannuation Trust Neuberger Australia PTY Limited – 330896 (2.19%)

Indus India Fund (Marutius) Ltd. – 220300 (1.46%)

Jana Emerging Markets Share Trust – 240972 (1.6%)

Morgan Stanley Mauritius Company Ltd. – 1404195 (9.3%)

Neuberger Berman Emerging Market Strategy – 305679 (2.02%)

Neuberger Berman Emerging Markets Equity Fund – 561055 (3.71%)

Nomura India Investment Fund Mother Fund – 2202655 (14.58%)

Quantum (M) Limited – 844480 (5.59%)

SEI Global Master Fund PLC A/C The SEI Emerging Markets Equity Fund – 273357 (1.81%)

SEI Institutional International Trust Emerging Markets Equity Fund A/C SEI Institutional International Trust Emerging Markets Equity Fund managed by Neuberger Berman Management LLC – 460375 (3.05%)

The Honey Well International Inc. Master Retirement Trust – 220300 (1.46%)

The Nomura Trust & Banking Co. Ltd. As the Trustee of Nomura India Stock Mother Fund – 440570 (2.92%)

Tata Balanced Fund – 1921270 (12.72%)

Tata Equity Opportunities Fund – 507065 (3.36%)

Tata India Consumer Fund – 28015 (0.19%)

Tata Offshore India Opportunities Scheme – 694265 (4.6%)

Tata Trustee Co Ltd. A/C Tata Mutual Fund A/c Tata Midcap Growth Fund – 240500 (1.59%)

Tata Trustee Co Ltd. A/C Tata Mutual Fund – Tata India Tax Savings Fund – 133055 (0.88%)  

 

 

 proposes to open on Wednesday, May 4, 2016, a Public Issue of its equity shares of face value of Rs. 10 each (the “Equity Shares”) for cash at a Price Band from Rs. 220 to Rs. 227 per Equity Share (including a share premium per Equity Share) consisting of a fresh issue of Equity Shares aggregating up toRs. 3,000 million (“Fresh Issue”) and an offer for sale of up to 20,572,573 Equity Shares comprising of 14,286,449 Equity Shares by the Investor Selling Shareholders; and 6,286,124 Equity Shares by Other Selling Shareholders (the “Offer for Sale”and the Offer for Sale and the Fresh Issue are collectively referred to as the “Issue”). The Issue includes a reservation of 300,000 Equity Shares for subscription by Eligible Employees (the “Employee Reservation Portion”). The Issue less the Employee Reservation Portion is referred to herein as the Net Issue.

 

Bids can be made for a minimum of 65 Equity Shares and in multiples of 65 Equity Shares thereafter. The Company and the Investor Selling Shareholders may, in consultation with the Book Running Lead Managers (the “BRLMs”), consider participation by Anchor Investors in accordance with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended (the “SEBI Regulations”). The Anchor Investor Bid/Issue Period shall be one Working Day prior to the Bid/Issue Opening Date. The Bid/Issue Period will close on Friday, May 6, 2016.

 

The Equity Shares offered through the Issue are proposed to be listed on BSE Limited (“BSE”) and National Stock Exchange of India Limited (“NSE”) (collectively, “Stock Exchanges”). For the Issue, BSE shall be the Designated Stock Exchange.

 

The BRLMs to the Issue are Kotak Mahindra Capital Company Limited, JM Financial Institutional Securities Limited, IDFC Securities Limited and Motilal Oswal Investment Advisors Private Limited. 

 

Avoid parag milk other milk companies r running below issue price clear cut avoiddo t waste it money

Parag Anchor Investors list

http://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20160503-23

Avoid yaa subscribe

Parag Anchor Investors list .. is availalbe here ...

http://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20160503-23

Is there any big n quality name

Is there any big n quality name

I am advised that if you want to participate in an IPO ... don''t think long term ...

IPO as a concept ends within 2 working days of listing ... after that it becomes a regular secondary market position ...

So if anyone advises you that the IPO is a good long term story .. it is suggested that you better buy after it gets listed .. instead of participating in the IPO ...

The IPO game is meant for listing gains only !!!

If the IPO stock is good quality, it will give listing gains as well as long term rewards.
Also don''t forget that it was obtained at a discounted price

IPOs are good way of building a diversified portfolio. If you keep all the alloted shares for years then I am sure that you will make hugh money. In some case you my lose money too but the amount which you will lose will be minimum I.e max 15 per application. Better than FD, PPF and NSC where to save some tax we invest for years and in the end we get peanuts.

1. There are criminal proceedings outstanding against the Company. These proceedings have been initiated by the Government of Maharashtra and the Government of Jammu & Kashmir alleging contravention of Food Safety and Standards (Prohibition and Restriction of Sale) Regulations, 2011, Food Safety and Standards (Food Product Standards & Additives) Regulations, 2011, Food Safety and Standards (Packaging and Labelling) Regulations, 2011 and Food Safety and Standards Act, 2006 by the Company.

2. Operations are dependent on the supply of large amounts of cow’s raw milk, and the inability to procure adequate amounts of good quality raw milk, at competitive prices.

3.Statutory Auditor observed that for the financial years 2011 and 2012, that the internal control system in the Company / Subsidiary were inadequate.

4. The Income Tax Department in 2011 had conducted a search on the company / promoters for inaccurate reporting of revenues / profits.

5. Dairy products are subject to extensive government regulation.

6. A portion of the Net Proceeds to partly repay the Working Capital Consortium Loan and accordingly, the utilisation of that portion of the Net Proceeds will not result in creation of any tangible assets.

7. The company in the past had defaulted in repayment of its dues to Exim Bank and it had delayed in depositing taxes deducted at source.

AVOID AVOID AVOID PARAG IPO

its good to buy britannia kwality and marico from stock market at decline even parag at rs 125 level after listing

After hasija now indianshowbiz bating for parag,keep it up buddy,but u never change margin,p/e,eps of parag.

Those who are keenly tracking Parag IPO ... request you to please share link for Anchor Investors List ... it is due to be released later tonight.

Russia opens dairy market but Indian exporters face pricing barrier

India is unlikely to benefit much from the opening up of Russian markets for hard cheese exports due to a sharp fall in prices in international markets.

Against the current price of Rs 350 a kg in Indian markets, skimmed milk powder (SMP) is being quoted at Rs 180 a kg in international markets, including Russia. Hard cheese is also quoted in Indian markets at around Rs 400 a kg compared with Rs 200 a kg in the global market. Similarly, butter is quoted at $5000 a tonne in Indian markets against less than $3000 in the world.

Over the past 16 months, since Russian president Vladimir Putin announced opening up of Russian market for Indian dairy products in December 2014, prices of cheese and skimmed milk powder have slumped by 50% due to the global economic slowdown. In that sense, the delay in the opening up of the Russian market has proved a blessing in disguise for Indian exporters. Since global dairy markets are now recovering, Indian dairy exporters are likely to see a big opportunity going forward.

“Currently, Indian exporters would see no benefit from Russian markets due to sharp decline in realisation from exports. Since, realisation is better in domestic markets then international markets, exports of cheese would remain in backburner. However, opening up of Russian market would offer an opportunity for Indian dairy producers to expand capacity for future exports,” said R S Sodhi, chairman of Gujarat Co-operative Milk Marketing Federation Ltd (GCMMF), which produces the popular Amul brand of dairy products.

Sensing this, Amul has already trebled its cheese production capacity to 120,000 tonnes per day now from 40,000 tonnes per day at an investment of Rs 600 crore. Amul, with around 96% of market share in butter through aggressive pricing, plans to capture more through a similar strategy.

India’s Ministry of Commerce had signed the protocol, the mandatory procedural requirement to commence exports, on April 28 which marked the approval for Indian companies to start shipment of dairy products, primarily hard cheese, to Russia. GCMMF has initiated dialogues with a couple of Russian cheese importers for future deals.

However despite reports of unviable prices, Govardhan brand dairy products producer Parag Milk Foods aims to dispatch the first consignment of hard cheese to Russia by the end of June.

“We have lined up a number of Russian buyers for hard cheese exports. We were waiting for the Indian government to sign the protocol to finalise terms of trade with Russian buyers. Since the government of India has already signed the protocol, we expect the Russian government to reciprocate in two weeks. We would start negotiating terms of trade after that. So, we hope the first consignment to leave India in two months from now,” said Devendra Shah, managing director, Parag Milk Foods.

India’s dairy exports to Russia had been made tough after Rosselkhoznadzor approved only Indian farms that owned at least 1,000 cattle. While the objective of Rosselkhoznadzor was to ensure the quality of milk procurement and traceability of cheese plants, only two farms – Parag Milk Foods and Schreiber Dynamix – conformed to these norms. Most large dairy farms in India including Amul brand dairy products producer GCMMF, work on a co-operative model in which farmers remain the owners of cattle.

Consequently, India sought relaxation in this norm, which Russia has honoured.

According to Shirish Upadhyay, senior vice-president at Parag, Russia has now focused on “sourcing of milk” instead of “number of cattle” earlier to accommodate more exporters from India.

Russia’s annual cheese consumption is estimated at 230,000 tonnes which is met largely through import from the Americas and its own neighbouring countries.