Want a Bite of the Dairy Pie? Con­sider Parag Milk’s Is­sue

The Economic Times - - Smart -

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.

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