KMG Milk Food Ltd
KMG Milk Food Ltd Company History
KMG Milk Food is primarily engaged in the business of manufacture, purchase and sales of a wide range of Dairy products like ghee, skimmed milk powder, whole milk powder, dairy whitener, lactose and milk. The income from these activities and export of dairy products is not materially
1995
The inadequate working capital by virtue of lean season, non availability of raw milk at reasonable prices, the overall working could have been still better.
25,57,600 No. of equity shares of Rs. 10 each issued, subscribed and paid up (23,57,600 shares to promoters, and 1,00,000 shares each to HSIDC & HAIC respectively. 27,22,400 No. of equity shares of Rs. 10 each were issued in April 1994 of which 1,11,200 shares each were reserved for allotment on a firm basis to HSIDC Ltd. and HAIC (Haryana Agro Industries Corporation Ltd.) respectively.
Of the remaining the following were reserved for allotted on a preferential basis:
(i) 5,00,000 shares to FIIs. (Only 2,50,000 shares taken up),
(ii) 5,00,000 shares to Indian Mutual Funds (only 3,50,000 shares taken up),
(iii) 10,000 shares to employees (only 16,000 shares taken up).
Balance 14,90,000 shares along with unsubscribed part of 4,08,400 shares form preferential quota was issued to the public.
Additional 24,600 shares were allotted to retain oversubscription.
1995
