Paradeep Phosphates IPO date, price, time-table, review

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Paradeep Phosphates, India’s third-largest private non-urea fertiliser maker. It is a leading fertiliser company in India engaged in trading, sales, manufacturing, and distribution of complex fertilisers like Di-Ammonium Phosphate (DAP) and NPK fertilisers.

Objectives of Paradeep Phosphates Limited IPO

  • For repayment of company debt
  • To fund the acquisition of a fertiliser manufacturing centre in Goa
  • For general corporate purposes
  1. Nearly two-thirds are a fresh issue of shares that will be used to part-finance the acquisition of a plant in Goa and repayment of loans.
  2. The balance is an offer of sale (OFS) from the Government of India and promoter Zuari Maroc Phosphate

Paradeep Phosphates IPO Details, Price

Paradeep Phosphates IPO Details
IPO Open Date 17 May 2022
IPO Close Date 19 May 2022
IPO Issue Type Book Built Issue
IPO Issue Size Aggregating up to ₹1,501.73 Cr
Fresh Issue Aggregating up to ₹1,004.00 Cr
Offer for Sale Aggregating up to ₹497.73 Cr
Face Value ₹10 per equity share
IPO Price Band ₹39 to ₹42 per equity share
Retail Portion 35%
NII Portion 15%
QIB Portion 50%
Employee Discount
Paradeep Phosphates IPO Market Lot
No. of Shares Per Lot 350 equity shares
Minimum Lot Size 1 lot of 350 equity shares
Maximum Lot Size 13 lot of 4550 equity shares
Minimum Amount (Cut-off price) ₹14,700
Maximum Amount (Cut-off price) ₹191,100

Paradeep Phosphates IPO Date, Time-Table

Paradeep Phosphates Limited will open its three-day initial public offering, opening on 17 May 2022 and closing on 19 May 2022. The company shares expected to list on stock exchanges on 27 May 2022.

Time Table (Tentative)
IPO Open Date 17 May 2022
IPO Close Date 19 May 2022
Basis of Allotment Date 24 May 2022
Initiation of Refunds 25 May 2022
Credit of Share to Demat Account 26 May 2022
IPO Listing Date 27 May 2022

Paradeep Phosphates Financial Report

Year Total Assets
(₹ in Million)
Total Revenue
(₹ in Million)
Profit After Tax
(₹ in Million)
31 December 2021 71,862.67 59,736.88 3,627.84
31 March 2021 44,231.67 51,839.41 2,232.68
31 March 2020 50,103.25 42,277.76 1,932.20
31 March 2019 56,276.58 43,972.13 1,589.63
Paradeep Phosphates Contact Details
REGISTERED OFFICE

  • 5th Floor, Orissa State Handloom Weavers’ Co-Operative Building, Pandit J.N Marg, Bhubaneswar 751 001, Odisha, India

CORPORATE OFFICE

  • 3rd Floor, Adventz Centre, 28, Union Street, Off. Cubbon Road, Bengaluru 560 001, Karnataka, India
  • Phone: +91 080 45855561
  • Email: cs.ppl@adventz.com
  • Website: http://www.paradeepphosphates.com/
IPO Prospectus
IPO Registrar
  • Link Intime India Private Limited
IPO Lead Manager
  1. Axis Capital Limited
  2. ICICI Securities Limited
  3. JM Financial Limited
  4. SBI Capital Markets Limited
Paradeep Phosphates IPO Review
Investor Can apply for Paradeep Phosphates IPO

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