Parag Milk Foods Ltd IPO Message Board (Page 31)

@rahsut,i have trading a/c in bse, nse.but other 2 family membars no trading a/c,how i can transfar their alloted share in my a/c

Through Delivery Instruction Slip DIS

Dear All, Can anyone advise me, which broker is good (as per your experience) for online trading in BSE SME & / or NSE Emerge platform. Thanks in advance.

Yes u can go through Geojit

Well bating HASIJA for parag,but win chance very low,good effort by u,thanks

Companies Sales CAGR fromfy13-15 EBITDA Margin% PAT Mardin% DE P/E EV/EBITDA ROE ROCE MCAP/SALES
Heritage Foods 2,292 13.80% 5.2 2.2 0.4 23.16 10.2 21.8 26.6 0.5
Hatsun Agro 3,322 16.42% 8.7 2.6 2.0 57.1 18.8 30.7 21.9 1.5
Kwality 5,644 19.6% 6.2 2.6 1.6 18.8 10.8 20.1 17.8 0.5
Prabaht Dairy 1,146 24.91% 10.5 2.0 0.2 46.6 9.8 3.6 10.7 1.0
Paragmilk 1642 24.71% 8.8 2.6 0.6 44.9 13.1 7.2 11.7 1.2
food
- Peer Comparison on listed space

Parag GMP 13 - 14

As 12rs. discount to retail category can it be said gmp rs.25 to 26 for retail category investment?

correct

when is vodafone ipo coming ?

@abhinavgupta Not until early 2017......Vodafone ipo.

Tomorrow evening @9pm ... we shall have the Anchor Investors list

we could lead manager house MF in the list for sure

Eagleye ji parag me apply karna chahiye??? Gmp kya hai parag ka...

PARAG MILK FOODS LIMITED
(Refer Page No 363 of RHP dated 21st April 2016)

03/May/16 – Participation by Anchor Investors
04/May/16 – Bid/Offer Opens
06/May/16 – Bid/Offer Closes
11/May/16 – Finalisation of Basis of Allotment
12/May/16 – Unblocking of Funds from ASBA
13/May/16 – Credit of Equity Shares to Demat Account
16/May/16 – Commencement of Trading on NSE/BSE

Parag Milk Analyst Meet Takeways:
Price Band-220-227
Mcap @227 = 2100crs

# Parag Milk is an integrated farm to product Company
# Govardhan, Go cheese, TopUp and Pride of Cows are the 4 brands of the Co.
# GO brand was launched in 2010
# The Company has Pan India network: >3000 distributor, 104 super stockists and 15 depots
# The Company has milk processing capacity of 20lk litres per day
# Average daily milk procurement of 10 lakh litres per day
# Parag brand available at ~175000 retail outlets
# Each brand is positioned to get premium pricing, for eg. Govardhan Milk available at Rs.40/litres, Go Milk available at Rs.60/litre and Pride of cows available for Rs.80/litres
# The Company has 32% Market Share in Cheese market, Amul is the market leader with 40% Mkt share
# 2-3% Export revenue: Exports to around 26 countries
# Most Horeca and QSR use Go cheese
# Investment phase is over with, capacities are now in place to grow
# Targeted D/E is below 1x
# Pride of cows is only 1-2% of the total revenue
# B2B business no customer has more than 2% of revenue.
# 1/3rd business from fresh milk and skimmed milk, 2/3rd business from customer value added products, out of this 2/3, 10% of the business is B2B...i.e around 6~7% of total revenue from institutional clients
# No margin differential between B2B and B2C--- is what management indicated but hard to believe

Financial:
# 21.6% Sales CAGR over 5 years
# 9MFY16, EBIDTA margin is around 8.8% vs 7.6% in 2011
# 9MFY16, PAT margin is around 2.6% vs 2.1% in FY12
# FY16 PAT would be ~42crs, so Co. would be trading at 50X P/E vs Prabhat Dairy P/E of 45-46X

One critical observation on Parag Milk... Pastnoji has few products with "Go" word in it. Parag filed a case and Order has gone against Parag. So Parag has trademark for "Go" but no copyright... Means anyone can have "Go" word in their brand as long as it has a different logo design ...

Totally unrealistic pricing only to give exit to PE investors. ...with wafer thin margin what rewards investors can expect unless very large volume. ...so many good stocks in other sectors with dividend paying companies available at PE of 8-12. ...One can skip the issue ...

I agree risky bet but i observe 4 ipo succses out of 5,company will be given retail discount..
so parag ipo most important qib,hni subscribstion number in last day..

ok, will avoid... too
risky bet

Rs.12/ discount for retail investors
good IPO.

Good point raised by Septa.
Wait and watch for QIB subscription.

dinesh QIB is not always a good indicator take the case of QH or other way round when QH hardly applied the issue was big success shree pushkar

Dilip devda recomend it med to long term

if u look at his track record he never say do not apply.....

Yes, while discovering this forum online at first, i thought he is the expert as reviews are given by him. But I have matured enough to the level that, boarders are much more knowledgeable to pin point accuracy.

I do not read his reviews anymore, I follow the board.

Khambatta Securities

Read more at: http://www.moneycontrol.com/news/ipo-upcoming-issues/subscribe-to-parag-milk-foods-ipo-khambatta-securities_6491321.html?utm_source=ref_article

So many mistakes in analysis 40 MT per day cheese production that is 14600 Million ton of cheese per year that is $ 50000 billion revenue not rupee at todays market price at peak it would 100000 Billion that is bigger then whole indian economy man times.

Useless analysis BIG AVOID

Septa Sir,

Have you considered it that ..... it could be possible that .... MT = Metric Tonne (and not Million Ton)

Actual u right eagleeye for me MT always meant Million ton thank u for correcting :)

Dilip devda recomend it med to long term

Jai Ho Dilip Devda Sir ki !!!!

Any other ipo on queue????

Septa, Eagleye

will u please recommend me some stock i want to invest for a period of 10 years. was having some fd for my child education which are maturing in 15days time.

i actual agree with Scanner child education u need not only good returns but also security. Market is volatile so putting in particular stock would be dangerous.

So i would say split the funds in 3 MF
1. ICICI export and others this a very good fund covers pharma auto IT and other export companies
2. Birla SL Bank&Financial or ICICI Banking and finance ( anyone of them)
3.DSP-BR Micro Cap Fund or reliance small cap (anyone of them)

plus ur 80c 1.5 lakhs put on equity AXIS and ICICI is good in 10 years this will also grow other 80 CC investment is useless IMO

With shares i would concentrate in applying very good IPOs in long run these IPO general give 25% plus return so 10 years u investment in 2016 would be 10 times in 2026

that is reason i say when i see good IPO i not only apply i buy from market

Hope this help u in making ur decision

Also with MF do keep adding on i actual do not like SIP i actual go for lump sum

Thanks everyone for Ur expert advice.

what is gmp of parag ??? I want to sell my apps

Parag Milk has been positioned as a FMCG company and the story is all about strong brands in huge addressable markets makes it as attractive as Manpasand. It has several firsts to its credit - 2nd largest cheese player ranking, pioneer and biggest player in cow ghee segment and largest private player in Uht milk market and pioneers in frozen flavoured yoghurt segment are good achievements to go by. Comparing to other dairy players is futile as it''s a brand story in a huge market. Check out the loyalty that some of its customers have - including people in JB Nagar - to cheese chutney spread wrap. It is available in select outlets but has many repeat customers. Almette is also very popular.

new on this site

What is good for the consumer ... is not essentially good for the investor

IDFC to exit through Parag Milk Foods IPO

The closest reference point for Parag will be Prabhat Dairy which had to lower price band and reduce share sale to sail through the IPO last year as investors showed little interest in the public offer. Parag does a little better in this department with a discount of INR12 per share. It is important to highlight that Prabhat Dairy also offered a discount of INR5 per share and yet its IPO flopped.

why should an investor pay 30 or 35 times of earnings for a low margin business which earns just 2% in profit.

IDFC PE plans to sell about 82.6 lakh (8.26 million) shares while Motilal Oswal Financial Services’ IBEF will sell 60.2 lakh shares. IDFC PE’s investment in September 2012 has an average cost of acquisition of INR109.66 per share while IBEF invested at around INR40 per share in 2008.


Parag Milk Foods IPO: Reviewing Prabhat Dairy’s shadows


Another point worth highlighting is the IPO’s structure which is geared towards low retail participation. By offering only 10% shares to the retail category, practically speaking the flood gates are open for operators. We have seen this happening in the past so we will not be surprised if Parag Milk Foods IPO eventually lists at a slight premium. Retail investors need not take this unnecessary risk.

Overall, we are neutral on this IPO. There are certain things to like such as the steady growth of business; however, valuations still appear on the higher side to us. We are convinced that there are better IPOs in store for retail investors and avoiding Parag Milk Foods IPO is not going to cause serious damage to their portfolios.

By Krishna Bagra

parag ka costak ya gmp pya he ???