Paradeep Phosphates Limited
- IPO Date17 Mar, 2022 to 19 May, 2022
- Listing Date27 May, 2022
- Face Value₹10 per share
- Issue Price₹39 to ₹42 per share
- Lot Size350 Shares
- Minimum Investment₹14,700
- Listing AtBSE, NSE
- Total Issue Size35,75,55,112 Shares
(aggregating up to ₹1501.73 Cr) - Fresh Issue23,90,47,619 Shares
(aggregating up to ₹1004.00 Cr)
- Offer for Sale11,85,07,493 Shares
(aggregating up to ₹497.73 Cr) - Issue TypeBook Built Issue IPO
- Share holding pre issue-
- Shareholding post issue-
IPO Dates
Closing Date
19 May, 2022
Initiation of Refunds
26 May, 2022
Listing Date
27 May, 2022
17 Mar, 2022
Opening Date
24 May, 2022
Basis of Allotment
26 May, 2022
Credit of Shares
Paradeep Phosphates Limited Lot Size
Investors can bid for a minimum of 350 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 350 | ₹14,700 |
| Retail (Max) | 13 | 4550 | ₹1,91,100 |
Paradeep Phosphates Limited Promoter Holding
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.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 100% | - |
Paradeep Phosphates Limited COMPANY INFORMATION
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.
Paradeep Phosphates IPO is a book built issue of Rs 1,501.73 crores. The issue is a combination of fresh issue of 23.9 crore shares aggregating to Rs 1,004.00 crores and offer for sale of 11.85 crore shares aggregating to Rs 497.73 crores.
Paradeep Phosphates IPO bidding started from May 17, 2022 and ended on May 19, 2022. The allotment for Paradeep Phosphates IPO was finalized on Tuesday, May 24, 2022. The shares got listed on BSE, NSE on May 27, 2022.
Paradeep Phosphates IPO price band is set at ₹39 to ₹42 per share. The minimum lot size for an application is 350 Shares. The minimum amount of investment required by retail investors is ₹14,700.
Axis Capital Limited, ICICI Securities Limited, Jm Financial Limited and SBI Capital Markets Limited are the book running lead managers of the Paradeep Phosphates IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Paradeep Phosphates IPO RHP for detailed information.
FAQs About Paradeep Phosphates Limited
Paradeep Phosphates Limited will open on 17 Mar, 2022 and close on 19 May, 2022. Investors must apply within this period to participate.
The Paradeep Phosphates Limited price band is set between ₹39.00 and ₹42.00 per share. The minimum lot size is 350, requiring an investment of at least ₹14700.00.
The Paradeep Phosphates Limited shares are expected to be listed on 27 May, 2022, subject to regulatory approvals and final allotment.
You can track your Paradeep Phosphates Limited application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Paradeep Phosphates Limited will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.