Paradeep Phospates Limited IPO
MainboardFertilizers
Listed On: May 27, 2022 at ₹ 44.00(NSE)
₹ 14700 /350 Shares
Check Allotment17 May, 2022
Open Date19 May, 2022
Close Date24 May, 2022
Allotment Date27 May, 2022
Listing DatePrice Summary
Last Closing
155.50 (270.24%)52 Week High
234.3952 Week Low
83.25Last Update
19-Dec-2025 3:30 PMIPO Issue Details
- Issue Price ₹39-42 per equity share
- Face Value ₹10 Per Equity Share
- Issue Price Approx ₹1502 Crores : Fresh Issue: ₹1004 Cr + Offer for Sale: 118,507,493 Shares
- Listing at BSE, NSE
- List Price 44.00(NSE)
- Listing Date 2022-05-27
- Lead Manager Axis Capital Limited, ICICI Securities Limited, JM Financial Limited, and SBI Capital Markets Limited
- Registrar Link Intime India Private Limited
IPO Details
- Retail Portion 35% (Number of Retail Applications : 3,57,550 Approx)
IPO Details
The IPO of is priced at ₹39-42 per equity share, which has a face value of ₹10 Per Equity Share each, IPO bidding starts from May 17, 2022 and ends on May 19, 2022. The allotment for IPO will be finalized on May 24, 2022. IPO will be listed on BSE, NSE, with a tentative listing date fixed as May 27, 2022. The company shall list its equity shares on the BSE, NSE. Link Intime India Private Limited is the registrar of the issue.
The book-running lead manager for the IPO is/are Axis Capital Limited, ICICI Securities Limited, JM Financial Limited, and SBI Capital Markets Limited.
The IPO sets its price band at 39-42 for each share. A single application for Paradeep Phospates Limited IPO must contain at least 350 shares.
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IPO Subscription Analysis And 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 |
Valuations
Company Financials
| 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 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.
- 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.
Pre Issue Share Holding : 100%
Post Issue Share Holding : N/A%
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 - Peers Comparison
| P/B Ratio | P/E Ratio | RoNW | Revenue(in Cr.) | |
|---|---|---|---|---|
| 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 |
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. You can track the real-time subscription numbers using the links below:
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 Paradeep Phospates Limited IPO price band is set between ₹39-42 per equity share.
Ans. To apply for Paradeep Phospates Limited 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 Paradeep Phospates Limited IPO allotment status online.
