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Paradeep Phosphates Limited IPO (Paradeep Phosphates IPO) Detail

May 17, 2022 - May 19, 2022

Incorporated in 1981, Paradeep Phosphates Limited is a manufacturer of non-urea fertilizers in India. The company is engaged in manufacturing, trading, distribution and sales of a variety of complex fertilizers such as DAP, three grades of Nitrogen-Phosphorus-Potassium (namely NPK-10, NPK-12 and NP-20), Zypmite, Phospho-gypsum and Hydroflorosilicic Acid.

Paradeep Phosphates Limited is the second largest private sector manufacturer of non-urea fertilizers and Di-Ammonium Phosphate(DAP) in terms of volume sales for the nine months ended December 31, 2021. The company's fertilisers are marketed under the brand names Jai Kisaan-Navratna and Navratna.

The manufacturing facility of Paradeep Phosphates Limited is located in Paradeep, Odisha, and includes a DAP and NPK production facility, a Sulphuric acid production plant and a Phosphoric acid production plant. The facility can store up to 120,000 MT, 65,000 MT, 55,000 MT and 35,000 MT of Phosphate Rock, Phosphoric acid, Sulphur and MOP, respectively.

The company established an extensive sales and distribution network, with a strong presence in the eastern part of India. As of March 31, 2022, Paradeep Phosphates distributed products across 14 states in India through the network of 11 regional marketing offices and 468 stock points.

As of March 31, 2022, the company's network includes 4,761 dealers and over 67,150 retailers serving over five million farmers in India.

Competitive Strengths

  • Well-positioned to capture favourable Indian fertilizer industry dynamics supported by conducive government regulations.
  • The second largest manufacturer of Phosphatic fertilizers in India.
  • Driving raw material efficiency through backward integration of facilities and effective sourcing.
  • Secure and certified manufacturing facility and infrastructure and unutilised land available for expansion.
  • The strategic location of our manufacturing facility and sizeable material storage, handling and port facilities.
  • Established brand name backed by an extensive sales and distribution network.
  • Strong parentage, experienced management team and prominent shareholders.

Company Financials:

Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (₹ in Millions)
31-Dec-21 31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 71,862.67 44,231.67 50,103.25 56,276.58
Total Revenue 59,736.88 51,839.41 42,277.76 43,972.13
Profit After Tax 3,627.84 2,232.68 1,932.20 1,589.63

Objects of the Issue:

The net proceeds of the Fresh Issue are proposed to be utilised in the following manner:

  • Part-financing the acquisition of the Goa Facility.
  • Repayment/prepayment of certain of our borrowings.
  • General corporate purposes.

Paradeep Phosphates IPO Details

Paradeep Phosphates IPO Date May 17, 2022 to May 19, 2022
Paradeep Phosphates IPO Face Value ₹10 per share
Paradeep Phosphates IPO Price ₹39 to ₹42 per share
Paradeep Phosphates IPO Lot Size 350 Shares
Issue Size357,555,112 shares of ₹10
(aggregating up to ₹1,501.73 Cr)
Fresh Issue239,047,619 shares of ₹10
(aggregating up to ₹1,004.00 Cr)
Offer for Sale118,507,493 shares of ₹10
(aggregating up to ₹497.73 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE
QIB Shares OfferedNot more than 50% of the Net Offer
Retail Shares OfferedNot less than 35% of the Net Offer
NII (HNI) Shares OfferedNot less than 15% of the Net Offer
Company Promoters

Zuari Maroc Phosphates Private Limited, Zuari Agro Chemicals Limited, OCP S.A and President of India, acting through the Ministry of Chemicals and Fertilizers, Government of India are the company promoters.

Paradeep Phosphates IPO Timeline (Tentative Timetable)

Paradeep Phosphates IPO opens on May 17, 2022, and closes on May 19, 2022. The Paradeep Phosphates IPO bid date is from May 17, 2022 10.00 A.M. to May 19, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 12 P.M. on the next day of issue closing day.

Event Date
Paradeep Phosphates IPO Opening Date May 17, 2022
Paradeep Phosphates IPO Closing Date May 19, 2022
Basis of Allotment May 24, 2022
Initiation of Refunds May 25, 2022
Credit of Shares to Demat May 26, 2022
Paradeep Phosphates IPO Listing Date May 27, 2022

Paradeep Phosphates IPO Lot Size

The Paradeep Phosphates IPO lot size is 350 shares. A retail-individual investor can apply for up to 13 lots (4550 shares or ₹191,100).

Application Lots Shares Amount
Minimum 1 350 ₹14,700
Maximum 13 4550 ₹191,100

Paradeep Phosphates IPO Promoter Holding

Pre Issue Share Holding 100%
Post Issue Share Holding

Paradeep Phosphates IPO Review

PPL is the second-largest non-urea fertiliser manufacturer in the country. Considering the primary thrust on the agriculture segment by the Government, this company is poised for bright prospects in the future. The issue is too reasonably priced and is worth considering for medium to long term rewards. Read detail review...

New Paradeep Phosphates IPO Recommendation by Members

Paradeep Phosphates IPO Recommendations Details | Post Recommendation | Manage Recommendations

Subscribe Neutral Avoid
27 2 6

Paradeep Phosphates IPO Subscription Status (Bidding Detail)

The Paradeep Phosphates IPO is subscribed 1.75 times on May 19, 2022 5:00:00 PM. The public issue subscribed 1.37 times in the retail category, 3.01 times in the QIB category, and 0.82 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB3.01
NII0.82
Retail1.37
Total1.75

Paradeep Phosphates IPO Prospectus

Paradeep Phosphates IPO Rating

1106
4.1
Rating:Rated 4.1 stars
Vote Here ...

Paradeep Phosphates IPO Listing Date

Listing Date Friday, May 27, 2022
BSE Script Code 543530
NSE Symbol PARADEEP
Listing In B Group of Securities
ISIN INE088F01024
IPO Price ₹42 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE
₹42.00
₹43.55
₹42.95
₹47.25
₹43.95
NSE
₹42.00
₹44.00
₹43.00
₹47.25
₹43.90

Company Contact Information

Paradeep Phosphates Limited
5 th Floor, Orissa State Handloom Weavers'
Co-Operative Building, Pandit J.N Marg,
Bhubaneswar 751 001,
Phone: +91 080 45855561
Email: cs.ppl@adventz.com
Website: http://www.paradeepphosphates.com/

Paradeep Phosphates IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: ppl.ipo@linkintime.co.in
Website: https://linkintime.co.in/

Paradeep Phosphates IPO FAQs

Paradeep Phosphates IPO is a main-board IPO of 357,555,112 equity shares of the face value of ₹10 aggregating up to ₹1,501.73 Crores. The issue is priced at ₹39 to ₹42 per share. The minimum order quantity is 350 Shares.

The IPO opens on May 17, 2022, and closes on May 19, 2022.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Zerodha customers can apply online in Paradeep Phosphates IPO using UPI as a payment gateway. Zerodha customers can apply in Paradeep Phosphates IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Paradeep Phosphates IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Paradeep Phosphates IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Paradeep Phosphates IPO opens on May 17, 2022 and closes on May 19, 2022.

Paradeep Phosphates IPO lot size is 350 Shares and the minimum order quantity is .

You can apply in Paradeep Phosphates IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Paradeep Phosphates IPO will be done on May 24, 2022, and the allotted shares will be credited to your demat account by May 26, 2022. Check the Paradeep Phosphates IPO allotment status.

The Paradeep Phosphates IPO listing date is on Friday, May 27, 2022.
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Paradeep Phosphates IPO Message Board

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