Paradeep Phosphates IPO

IPO Date: 17th to 19th May 2022

IPO Price Band
Price Band
₹39 to ₹42
IPO Issue Size
Issue Size
₹1,501.73 Cr
IPO Market Lot
Market Lot
IPO Face Value
Face Value
₹10 Equity Share

About Paradeep Phosphates IPO

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 Phosphates IPO 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.

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 Date, Market Lot & Price Band

IPO Opening Date May 17, 2022
IPO Closing Date May 19, 2022
Issue Type Book Built Issue IPO
Face Value ₹10 Equity Share
IPO Price ₹39 to ₹42 per share
Market Lot 350 Shares
Min Order Quantity 350 Shares
Listing At BSE, NSE
Issue Size [.] shares of ₹10 (aggregating up to ₹1,501.73 Cr)
Fresh Issue [.] shares of ₹10 (aggregating up to ₹1,004.00 Cr)
Offer for Sale 118,507,493 shares of ₹10 (aggregating up to ₹497.73 Cr)
QIB Shares Offered Not more than 50% of the Net Offer
Retail Shares Offered Not less than 35% of the Net Offer
NII (HNI) Shares Offered Not less than 15% of the Net Offer

Paradeep Phosphates IPO Allotment & Listing Date

Basis of Allotment Date May 24, 2022
Initiation of Refunds May 25, 2022
Credit of Shares to Demat Account May 26, 2022
IPO Listing Date May 27, 2022

Paradeep Phosphates IPO FAQs

Paradeep Phosphates IPO is a main-board IPO of [.] 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.

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 350 shares.

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.

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 IPO allotment status.

The date of Paradeep Phosphates IPO listing is May 27, 2022.

How to Apply in Paradeep Phosphates IPO with SMC?

  • To Bid online, you need
    Demat Account and Pan card.

  • Login to SMC account and
    select the Paradeep Phosphates IPO

  • Enter UPI Id & Mobile number

  • Place your number of bids
    with the exchange

  • A UPI mandate is sent to your
    UPI App to block your funds.

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