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
- 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.
- 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
CORPORATE OFFICE
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| IPO Prospectus |
| IPO Registrar |
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| IPO Lead Manager |
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| Paradeep Phosphates IPO Review |
| Investor Can apply for Paradeep Phosphates IPO |