Want a Bite of the Dairy Pie? Consider Parag Milk’s Issue
ET Intelligence Group: Dairy in India has become one of the favourite industries to attract investments from regional, national and multinational players. Pune-based Parag Milk Foods (PMF) has been one of the early movers to garner share in the value-added branded space. The present issue — comprising of fresh issue of shares of up to ₹ 300 crore and offer for sale by private equity investors and promoter group — values the company at nearly ₹ 2,000 crore.
Parag is an integrated dairy company with presence in over twenty product categories. While the company’s products are sold nationally, over half of its revenues are earned from western India.