Prabhat Dairy announced plans to enter the capital market with an initial public offering of equity shares on Friday Aug. 28, 2015 . The price band has been fixed from Rs. 140 to Rs. 147 a share of face value of Rs. 10 each. A discount of Rs. 5 a share is being offered to retail individual investors. The issue will close on Tuesday, Sept. 1, 2015.

The issue comprises of a fresh issue aggregating up to Rs. 3,000 million and an offer for sale of up to 14.71 million equity shares comprising of up to 3.15 million equity shares by Nirmal Family Trust (Promoter); up to 6.58 million equity shares by the India Agri Business Fund; up to 23,000 equity shares by The Real Trust; and up to 4.95 million equity shares by Societe de Promotion et de Participation Pour La Cooperation Economique.

The company and the selling shareholders may, in consultation with the Lead Managers, may consider participation by Anchor Investors in accordance with the SEBI Regulations.

The Anchor investor shall bid one working day prior to the Bid or Issue opening date, being Aug. 27, 2015. Bids can be made for a minimum of 102 equity shares and in multiples of 102 equity shares thereafter.

The equity shares are proposed to be listed on BSE and the National Stock Exchange of India.

The Global Co-ordinators and Book Running Lead Managers (GC-BRLMs) to the Issue are Edelweiss Financial Services and Macquarie Capital Securities (India). The book running lead manager (BRLM) to the Issue is SBI Capital Markets.