Paradeep Phospates Limited IPO
Mainboard₹14,700 / 350 Shares
Paradeep Phospates Limited IPO Details
The Paradeep Phospates Limited IPO price band is set between ₹39-42 per equity share, with a face value of ₹10 per share. The issue is managed by Link Intime India Private Limited, and the equity shares are proposed to be listed on the Mainboard.
The IPO date for subscription opens on 17 May, 2022 and closes on 19 May, 2022. Investors can check the allotment status on 24 May, 2022, while the listing date is tentatively scheduled for 27 May, 2022.
The total issue size is Approx ₹1502 Crores : Fresh Issue: ₹1004 Cr + Offer for Sale: 118,507,493 Shares, aggregating up to . Stay tuned for the latest Paradeep Phospates Limited IPO review and GMP updates.
Paradeep Phospates Limited IPO Review, Rating & Analysis
Paradeep Phospates Limited IPO Review
NO REVIEWParadeep Phospates Limited IPO Rating
Paradeep Phospates Limited IPO Highlights
IPO Date
May 17, 2022 - May 19, 2022
Listing Date
27 May, 2022
Face Value
₹10 Per Equity Share
Price Band
₹39-42 per equity share
Lot Size
-
Fresh Issue
Shares
Offer for Sale
-
Listing At
BSE, NSE
Paradeep Phospates Limited IPO Lot Size
The minimum market lot for Paradeep Phospates Limited IPO is 350 shares with an application amount of ₹14,700. Retail investors can apply for up to 13 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 350 | ₹14,700 |
| Retail (Max) | 13 | 4550 | ₹1,91,100 |
| S-HNI (Min) | 14 | 4900 | ₹2,05,800 |
| S-HNI (Max) | 68 | 23800 | ₹9,99,600 |
| B-HNI (Min) | 69 | 24150 | ₹10,14,300 |
Paradeep Phospates Limited IPO Timeline
Issue Price
₹39-42 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE, NSERegistrar
Link Intime India Private LimitedLead Manager
Axis Capital Limited, ICICI Securities Limited, JM Financial Limited, and SBI Capital Markets LimitedIssue Size
Approx ₹1502 Crores : Fresh Issue: ₹1004 Cr + Offer for Sale: 118,507,493 SharesParadeep Phospates Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31 Dec 21 | 7186.26 | 5973.68 | 362.78 | - | - | - |
| 31 Mar 21 | 4423.16 | 5183.94 | 223.26 | - | - | - |
| 31 Mar 20 | 5010.32 | 4227.77 | 193.22 | - | - | - |
| 31 Mar 19 | 5627.65 | 4397.21 | 158.96 | - | - | - |
All values are in ₹ Cr.
Promoters & Share Holding
Promoter(s) Name
- Zuari Maroc Phosphates Private Limited
- Zuari Agro Chemicals Limited
- Ocp S.a
- The President Of India, Acting Through The Department Of Fertilizers, Ministry Of Chemicals And Fertilizers, Government Of India.
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 100% | N/A% |
About Company
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.
Paradeep Phospates Limited IPO Subscription Details
| As on | QIB | NII bNII sNII | Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 8,07,05,162 | 5,63,91,509 | 13,15,80,187 | 26,86,76,858 |
Day 1 -17-05-22 05:00 PM | 0.00 x | 0.07 | 0.57 x | 0.29 x |
Day 2 -18-05-22 05:00 PM | 0.00 x | 0.20 | 0.95 x | 0.51 x |
Day 3 -19-05-22 05:00 PM | 3.01 x | 0.82 | 1.37 x | 1.75 x |
Frequently Asked Questions about Paradeep Phospates Limited IPO IPO
When will Paradeep Phospates Limited IPO open for subscription?
The Paradeep Phospates Limited IPO opens on 17 May, 2022 and closes on 19 May, 2022.
What is the investors portion for Paradeep Phospates Limited IPO?
The investors' portion for QIB is 3.01 x, NII is 0.82, and Retail is 1.37 x.
How to apply for Paradeep Phospates Limited IPO?
You can apply for Paradeep Phospates Limited IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of Paradeep Phospates Limited IPO?
The issue size of Paradeep Phospates Limited IPO is approx ₹Approx ₹1502 Crores : Fresh Issue: ₹1004 Cr + Offer for Sale: 118,507,493 Shares crores.
What is the price band of Paradeep Phospates Limited IPO?
The price band for Paradeep Phospates Limited IPO is ₹39 to ₹42 per equity share.
What is the lot size of Paradeep Phospates Limited IPO?
The minimum bid (lot size) for Paradeep Phospates Limited IPO is N/A shares with an investment of approx ₹14,700 .
What is the allotment date of Paradeep Phospates Limited IPO?
The allotment date for Paradeep Phospates Limited IPO is 24 May, 2022.
What is the listing date of Paradeep Phospates Limited IPO?
The listing date for Paradeep Phospates Limited IPO is expected to be 27 May, 2022.
What is the GMP of Paradeep Phospates Limited IPO?
The latest Grey Market Premium (GMP) for Paradeep Phospates Limited IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.