Parag Milk extends IPO by three days; revises price band

The 760-crore IPO which had opened for subscription on Wednesday, has been oversubscribed 1.32 times.

May 07, 2016 07:05 IST India Infoline News Service

IPO
Parag Milk Foods has extended its IPO for three days to May 11 and revised its price band to Rs 215-227 per share, according to reports.
The 760-crore IPO which had opened for subscription on Wednesday, has been oversubscribed 1.32 times.
The company has receive bids for 2,54,17,860 shares against the total issue size of 1,91,85,714 shares, as per NSE data.
The non-institutional investors has been oversubscribed 2.66 times, while Retail investors category was also oversubscribed 1.72 times, says NSE data.
The price band was previously fixed at Rs. 220-227 a share.
The offer comprises fresh issue of equity shares worth Rs 300 crore and an offer for sale of over 2 crore equity shares.

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