Paradeep Phospates Limited IPO

Mainboard

Fertilizers

Listed On: May 27, 2022 at ₹ 44.00(NSE)

₹ 14700 /350 Shares

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Price Summary

Last Closing

106.00 (152.38%)

52 Week High

119.55

52 Week Low

61.95

Last Update

25-Nov-2024 3:30 PM

IPO Details

17 May, 2022

Open Date

19 May, 2022

Close Date

24 May, 2022

Allotment Date

27 May, 2022

Listing Date

Issue Price

₹39-42 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

BSE, NSE

Registrar

Link Intime India Private Limited

List Price

44.00(NSE)

Listing Date

2022-05-27

Market Lot

350 Shares (₹14,700/-)

Lead Manager

Axis Capital Limited, ICICI Securities Limited, JM Financial Limited, and SBI Capital Markets Limited

Issue Size

Approx ₹1502 Crores : Fresh Issue: ₹1004 Cr + Offer for Sale: 118,507,493 Shares

Retail Portion

35% (Number of Retail Applications : 3,57,550 Approx)

Subscription

1.75 times

IPO Docs

DRHP RHP

IPO Subscription Details

As on	QIB	NII	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

Total No. of Applications: 411565 (Approx)

Valuations

Earnings Per Share (EPS)

₹2.75/-

P/E Ratio

15.27

RoNW

12.22%

Net Asset Value (NAV) - As on 31.03.21

₹38.04

Company Financials All values are in ₹ Cr.

	31-Dec-21	31-Mar-21	31-Mar-20	31-Mar-19
Assets	7,186.26	4,423.16	5,010.32	5,627.65
Revenue	5,973.68	5,183.94	4,227.77	4,397.21
Profit After Tax	362.78	223.26	193.22	158.96

About The 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.

	P/B Ratio	P/E Ratio	RoNW	Net Worth
Paradeep Phosphate	1.10	15	12.22%	5,184
Coromandel Int	4.08	17	34.6%	19,111
Chambal Fertilizers	2.90	12	20.2%	12,719
Deepak Fertilizer	2.26	13	14.80%	5,808

- Promoter(s)

Pre Issue Share Holding: 100%

Post Issue Share Holding: N/A%

Company Promoter(s)

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.

IPO - Issue Objectives

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

IPO - Anchor Investors

Paradeep Phosphates raises Rs 450 crore from anchor investors.

Goldman Sachs, BNP Paribas Arbitrage, Kuber India Fund, Copthall Mauritius Investment and Societe Generale are among the anchor investors.

In addition, seven domestic mutual funds -- ICICI Prudential Mutual Fund (MF), Nippon India MF, SBI MF, Tata MF, HDFC MF, DSP MF and Mirae MF -- also participated in the anchor round.

IPO - FAQs

Ans. Paradeep Phospates Limited IPO is a Mainboard IPO. The issue is priced at ₹39-42 per equity 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 Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Ans. The Paradeep Phospates Limited IPO opens on May 17, 2022 and closes on May 19, 2022.

Ans. The size of Paradeep Phospates Limited IPO is Approx ₹1502 Crores : Fresh Issue: ₹1004 Cr + Offer for Sale: 118,507,493 Shares.

Ans. The IPO price band is set between ₹39-42 per equity share.

Ans. To apply for Paradeep Phospates Limited IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Paradeep Phospates Limited IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Paradeep Phospates Limited IPO is May 24, 2022.

Ans. The Paradeep Phospates Limited IPO will be listed on May 27, 2022.

Ans. Follow the steps to check the allotment status for Paradeep Phospates Limited IPO here.