Name of the Issue: Prabhat Dairy Limited 1 Type of Issue (IPO / FPO) IPO 2 Issue Size (Rs. Cr) 356.19 Source: Prospectus dated September 10, 2015 3 Grade of issue along with name of the rating agency Name Grade Not Applicable 4 Subscription Level (Number of times) 0.9818* Source: Basis of Allotment Meeting minutes dated September 11, 2015 *After considering the cheque returns, withdrawals and technical/multiple rejections cases 5 QIB Holding (as a % of outstanding capital) as disclosed to stock exchanges Particulars % (i) allotment in the issue on September 11, 2015 4.45% (ii) at the end of the 1st Quarter immediately after the listing of the issue (as at September 30, 2015) 5.89% (iii) at the end of 1st FY (March 31, 2016) 31.05% (iv) at the end of 2nd FY (March 31, 2017) 6.48% (v) at the end of 3rd FY (March 31, 2018)* 10.51% Source: Shareholding pattern filed with the Stock exchanges and the Basis of Allotment * Numbers not disclosed as reporting for the relevant quarter/fiscal year has not been completed 6 Financials of the issuer(consolidated) Parameters 1st FY (March 31, 2016) 2nd FY (March 31, 2017) (In Rs. Crore) 3rd FY (March 31, 2018) * Income from operations 1,170.50 1,409.86 1554.01 Net Profit for the period 24.52 46.94 47.28 Paid-up equity share capital 97.68 97.68 97.68 Reserves excluding revaluation reserves 544.09 590.54 633.18 * Financials not disclosed as reporting for the relevant fiscal year has not been completed. 7 Trading Status in the scrip of the issuer Company's Equity Shares are listed on both the BSE Limited and the National Stock Exchange of India Limited ("NSE"). The Shares have not been suspended or delisted. Particulars (i) at the end of 1st FY (March 31, 2016) (ii) at the end of 2nd FY (March 31, 2017) (iii) at the end of 3rd FY (March 31, 2018)* * Trading status not disclosed as the relevant fiscal year has not been completed. Status Shares were being actively traded Shares were being actively traded Shares were being actively traded
8 Change in Directors of issuer from the disclosures in the offer document Particulars Name of the Director Appointed / Resigned (i) at the end of 1st FY (March 31, 2016) NA NA (ii) at the end of 2nd FY (March 31, 2017) 22/09/2015 Mr Rajesh Shrivastava 22/09/2015 Mr. Raphael Plihon 26/09/2015 Mr Rajesh Shrivastava 26/09/2015 Mr. Raphael Plihon 2/14/2017 Mr. Omprakash Venkatswamy Bundellu Ceasation as Nominee Director - India Agri Business Fund Ltd. and and REAL Trust w.e.f. 21/09/2015 Ceasation as Nominee Director - Societe De Promotion Et De Participation Pour La Cooperation Economique w.e.f. 21/09/2015 Appointed as Nonexecutive Additional Director w.e.f. 25/09/2015 Appointed as Nonexecutive Additional Director w.e.f. 25/09/2015 (iii) at the end of 3rd FY (March 31, 2018)* NA NA * Changes in Directors not disclosed as the relevant fiscal year has not been completed. Resigned 9 Status of implementation of project/ commencement of commercial production (i) as disclosed in the offer document To meet capital expenditure (a) Installation of 3 MW co-generation captive power facility by SAIPL (the CPF ) Basic process engineering Civil, mechanical, electrical, and instrumentation basic engineering Procurement of equipment Piping engineering and design Installation and erection of electrical equipment Trial run and testing Commissioning 30-Aug-15 10-Oct-15 31-Oct-15 25-Nov-15 15-Sep-16 10-Oct-16 29-Oct-16 (b) Enhanced automation of some of the existing manufacturing processes at SAIPL Basic process engineering Issue of purchase order Material receipt at site Erection at site Logic Development Trial run and testing Commissioning 15-Sep-15 15-Oct-15 31-Mar-15 15-May-15 8-Jun-16 8-Jul-16 31-Jul-16
10 Status of utilization of net proceeds from fresh issue (i) as disclosed in the offer document (in Rs. crores) Objects of the issue as per the offer document Amount to be funded from Net proceeds Estimated utilization in fiscal 2016 Estimated utilization in fiscal 2017 Part pre-payment of loans availed by our Company and its wholly owned subsidiary, SAIPL 185.00 185.00-185.00 Capital expenditure 35.07 21.36 13.70 35.06 General Corporate Purposes 60.78 30.39 30.39 60.78 Total 280.85 236.75 44.09 280.84 Actual Implementation(as on year ended ) Issue Proceeds 3,00,00,00,000 Less: Repayment of term Loanfrom Indostar Capital Finance Limited for Prabhat 46,20,00,000 Dairy Limited Infusion of funds in Sunfresh Agro Industries Private Limited by way of subscription to it's equity shares out of which Rs.13,880 lakhs have been utilised 1,73,86,80,000 towards repayment of term loan from Indostar Capital Finance Limited and Rs.1,798.38 lakhs have been utlised towards capital expenditure Less: Fund utilised for payment of expense in relation to IPO 19,82,10,000 60,11,10,000 Less: General corporate purpose Unutilized Balance (iii) Reasons for delay in implementation, if Source: Company financials for fiscal year ended March 31,2017 11 Comments of monitoring agency, if applicable 0 NA Total (a) Comments on use of funds (b) Comments on deviation, if any, in the use of proceeds of the issue from the objects stated in the offer document Not applicable (c) Any other reservations expressed by the monitoring agency about the end use of funds 12 Pricing Data Issue Price (Rs.): 115* Designated Stock Exchange: NSE Listing Date: 21/9/2015 * Allotment to Retail Individual Bidders was at Rs.110 per share ( at a discount of Rs.5 per share) Price parameters At close of listing day (September 21, 2015) At close of 30th calendar day from listing day (October 20, 2015)(1) At close of 90th calendar day from listing day (December 21, 2015)(2) As at the end of 1st FY after the listing of the issue (March 31, 2016)* Closing price High (during the FY) Market Price on Designated Stock Exchange 115.95 128.40 150.40 109.55 160.90 S&P CNX Nifty 7,977.10 8,261.65 7,946.35 7,738.40 8,834.00 Sectoral Index** 19,353.85 20,545.90 20,134.85 19,764.15 21,463.05 Price parameters As at the end of 2nd FY after the listing of the issue (March 31, 2017) Closing price High (during the FY) Low (during the FY) As at the end of 3rd FY after the listing of the issue (March 31, 2018)* Closing price High (during the FY) Market Price on Designated Stock Exchange 121.65 148.10 78.30 150.20 242.60 S&P CNX Nifty 9,173.75 7,546.45 9,173.75 10,113.70 11,130.40 Sectoral Index** 23,542.30 23,796.65 19,295.85 26,127.40 27,918.65 Note: Source : NSE Website (1) 30th calendar day has been taken as listing date plus 29 calendar days.
(2) 91st calendar day has been taken as listing date plus 90 calendar days since 89th calender day comes as saturday. * Pricing data not disclosed as reporting for the relevant fiscal year has not been completed ** CNX FMCG has been considered as the comparable sectoral index
13 Basis for Issue Price Accounting ratio EPS P/E RoNW NAV per share based on balance sheet As disclosed in the offer document* At the end of 1st FY (March 31, 2016) At the end of 2nd FY (March 31, 2017) At the end of 3rd FY (March 31, 2018)** Company: Consolidated (Basic) (1) 4.51 2.85 4.84 4.85# Consolidated (Diluted) (1) 2.95 2.85 4.84 4.85# Peer Group (2) : Hatsun Agro Products Limited (Basic/Diluted) 3.62 5.57 8.80 5.96 Industry Average NA NA NA NA Company: Consolidated (Basic) (3) 25.50 38.49 25.13 30.97# Consolidated (Diluted) (3) 38.98 38.49 25.13 30.97# Peer Group (2)(4) : Hatsun Agro Products Limited (Basic/Diluted) 113.01 74.19 58.29 116.03 Industry Average NA NA NA NA Company: Consolidated 6.22% 3.74% 6.70% 6.47# Peer Group (2) : Hatsun Agro Products Limited (Basic/Diluted) 17.68% 26.22% 38.59% 24.85 Industry Average NA NA NA NA Company: Consolidated 47.40 50.49 70.46% 74.82 Peer Group (2) : Hatsun Agro Products Limited (Basic/Diluted) 20.37 15.73 22.8 24.02 Industry Average NA NA NA NA Notes: * Sourced from Prospectus dated September 10, 2015 (1) Based on Restated Consolidated Financial Summary Statements for the year ended March 31, 2015 (2) Source: Audited Financial Results for the year ending March 31, 2015 as available at www.bseindia.com (3) P/E ratio based on Issue Price of 115 and using Basic EPS (4) P/E ratio based on closing market price as on August 14, 2015 available on www.nseindia.com and using Basic EPS ** Information Not Available as reporting for the relevant fiscal year has not been completed/ Information not provided as the relevant fiscal year has not completed 14 Any other material information Information Prabhat Dairy Ltd has informed BSE that India Ratings and Research Pvt. Ltd., a credit rating agency after taking a consolidated view of Prabhat Group comprising of the Company and its subsidiary i.e. Sunfresh Agro Industries Private Limited, has revised and upgraded the long term issuer credit rating of the Company to 'IND A (Outlook Stable)' from 'IND BBB+ (Outlook Stable). Date 21-Sep-15 Prabhat Dairy Ltd has informed BSE that the Income Tax Department has pursuant to the provisions of section 132(1) and section 133A of the Income Tax Act, 1961 conducted a search at the offices of the Company at Shrirampur, Pune and Navi Mumbai and also at the offices of the subsidiaries of the Company and the residence of Executive Directors residing at Shrirampur on October 09, 2015 which concluded in the early morning hours on October 12, 2015. The Company including all its subsidiaries and Directors have provided the fullest co-operation to the Department to complete the enquiry. It is to put on record that no undisclosed income was found as far as the Company and its subsidiaries are concerned. 12-Oct-15 Prabhat Dairy Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 18, 2016, inter alia, has recommended final dividend at the rate of Re. 0.40 per equity share subject to the approval of shareholders in the forthcoming Annual General Meeting of the Company. 19-May-16 "It has come to the knowledge of the Company through various newspapers published on January 24, 2017 that Mr. Omprakash Venkatswamy Bundellu, an Independent Director of the Company appointed on the Board of Directors of Prabhat Dairy Ltd. with effect from February 20, 2015 and who is ex-deputy Managing Director of IDBI Bank Ltd. has been arrested by Central Bureau of Investigation (CBI) in connection with Kingfisher Airlines's loan default case. 24-Jan-17 The aforesaid arrest does not in any way relate or have any connection with the Company Prabhat Dairy Limited."
Prabhat Dairy Ltd has informed BSE that a meeting of the Board of Directors of the Company is scheduled to be held on February 13, 2017, inter alia, to consider and take on record the Unaudited financial results of the Company (Consolidated and standalone) for the quarter and nine months ended December 31, 2016. In this connection, as per the Company's Code of Conduct to regulate, monitor and report trading by insiders, adopted by the Board pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015, the trading window for dealing in the Securities of the Company shall remain closed for the Specified Persons from February 03, 2017 to February 15, 2017 (both days inclusive). 30-Jan-17 The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for ECL Finance Ltd Prabhat Dairy Ltd has informed BSE about : 1. Standalone Financial Results for the period ended December 31, 2016 2. Consolidated Financial Results for the period ended December 31, 2016 3. Standalone Limited Review for the period ended December 31, 2016 4. Consolidated Limited Review for the period ended December 31, 2016 The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for ECL Finance Ltd The Exchange has received the disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Nirmal Family Trust.The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Unit Trust of India Investment Advisory Services Ltd Intimation of Separate Meeting of Independent Directors for FY 2016-17. Ref.: Regulation 25(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Dear sir / madam, This is to inform you pursuant to the captioned Regulation, that a separate meeting of the Independent Directors of the Company for FY 2016-17 is scheduled to be held on Friday, March 31, 2017. Kindly take the above information on record. Thanking you For Prabhat Dairy Limited Priya Nagmoti Company Secretary The Ministry of Food Company Processing Industries, New Delhi ('the Ministry') on March 27, 2017 has sanctioned a grant in aid to the Company for its cold chain proposal under the Scheme of Cold Chain, Value Addition and Preservation Infrastructure. The management of the Company had meetings with various analysts and institutions on Wednesday, April 12, 2017. Compliance Certificate for the half year ended March 31,2017. Intimation of Board Meeting for consideration of Audited Financial Results of the Company (Standalone & Consolidated) for the quarter and year ended March 31, 2017. A Meeting of the Board of the Directors of the Company is scheduled to be held on May 23, 2017 for consideration of Audited Financial Results of the Company. And as per the Company's Code of Conduct, the Trading window shall remain closed from May 12, 2017 to May 25, 2017 (both days inclusive). Outcome of the Board Meeting held on May 23,2017 containing Audited Financial Results(Standalone & Consolidated) alongwith Auditors' report, declaration on Auditors' report and Statement on Impact of Audit Qualification. 9-Feb-17 13-Feb-17 1-Mar-17 7-Mar-17 23-Mar-17 28-Mar-17 12-Apr-17 20-Apr-17 10-May-17 10-May-17 23-May-17 Prabhat Dairy Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 23, 2017, inter alia, has recommended a Final Dividend at the rate of Re. 0.40 per equity share of Rs. 10/- each.investors Presentation on Audited Financial Results for quarter and financial year ended March 31, 2017. 24-May-17 The management of the Company viz Mr. Raviraj Vahadane, Chief Financial Officer and Ms. Priya Nagmoti, Company Secretary of the Company had a meeting with the various Analysts/ Institutional Investors at the Edelweiss Rural Conference,2017 held at the Hotel Grand Hyatt, Mumbai on May 31, 2017. The Management of the Company had meeting with the Analyst/Institutional Investors at B&K's Annual Global Investor Conference Trinity India 2017 held at Hotel Trident, Bandra Kurla Complex, Mumbai on June 05, 2017. The Management of the Company had meeting with the Analyst/Institutional Investors at Edelweiss India Conference 2017, London on June 07,2017. The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for IDBI Trusteeship Services Ltd The Exchange has received the disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sarangdhar Ramchandra Nirmal, Trustee - Nirmal Family Trust The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for IDBI Trusteeship Services Ltd The Register of Members and Share Transfer Books will remain closed from August 03, 2017 to August 10, 2017 for the purpose of 19th AGM and payment of Final Dividend, if declared by the Members at the AGM. Prabhat Dairy Ltd has submitted to BSE the Shareholding Pattern for the Period Ended June 30, 2017. Prabhat Dairy Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from August 03, 2017 to August 10, 2017 (both days inclusive) for the purpose of Payment of Final Dividend & 19th Annual General Meeting (AGM) of the Company to be held on August 10, 2017. 1-Jun-17 6-Jun-17 8-Jun-17 1-Jul-17 2-Jul-17 5-Jul-17 20-Jul-17 20-Jul-17 21-Jul-17
Intimation of Board Meeting for consideration of Unaudited Financial Results of the Company (Consolidated & Standalone) for the quarter and three months ended June 30, 2017. A Meeting of the Board of the Directors of the Company is scheduled to be held on August 14,2017 for consideration of Unaudited Financial Results of the Company. And as per the Company's Code of Conduct, the Trading window shall remain closed from August 07, 2017 to August 16, 2017 (both days inclusive). The Exchange has received the disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sarangdhar R Nirmal The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Unit Trust of India Investment Advisory Services Ltd Prabhat Dairy Ltd has informed BSE regarding the details of Voting results of AGM, under Regulation 44(3) of SEBI (LODR) Regulations, 2015.Submission of E-voting Results along with the Scrutinizer Report of 19th Annual General Meeting held on August 10, 2017.Proceedings of the 19th Annual General Meeting held on August 10, 2017. 24-Jul-17 24-Jul-17 25-Jul-17 28-Jul-17 11-Aug-17 Outcome of Board Meeting held on August 14,2017 to consider and approve Unaudited Financial Results (Standalone & Consolidated) for the quarter ended June 30,2017. Management of the Company met with various Fund houses,analysts and Investors at Emkay Confluence held at BKC Trident, Mumbai on August 23, 2017. Institutional Investor Meet held on September 07,2017. Source: Stock Exchange Filings 14-Aug-17 24-Aug-17 7-Sep-17
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