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