Paradeep Phosphates IPO date is 17 May 2022. The IPO price band is set at INR39 – 42 per share. The issue comprises of sale of shares worth up to INR1,004 crore. There is also an OFS by existing shareholders of 118,507,493 equity shares.
Promoters of Paradeep Phosphates – ZMPPL, ZACL, OCP and GoI
Paradeep Phosphates Business Description
The company is the third largest private sector manufacturer of non-urea fertilizers in India and second largest in terms of Di-Ammonium Phosphate (DAP) volume sales as of March 2021. It is primarily engaged in manufacturing, trading, distribution and sales of a variety of complex fertilizers such as DAP, three grades of Nitrogen-Phosphorus-Potassium (NPK) (namely NPK-10, NPK-12 and NP-20), Zypmite, Phosphogypsum and Hydroflorosilicic Acid (HFSA). It is also engaged in the trading, distribution and sales of Muriate of Potash (MOP), Ammonia, Speciality Plant Nutrients (SPN) and City compost. Its fertilizers are marketed under ‘Jai Kisaan – Navratna’ and ‘Navratna’ brands.
The company was incorporated in 1981. Zuari Maroc Phosphates Private Limited (ZMPPL), a joint venture of Zuari Agro Chemicals Limited (ZACL) and OCP Group S.A. (OCP), currently holds 80.45% of the equity share capital of this company, with the balance being held by the Government of India
As of March 31,2021, (i) Its total annual granulation capacity of DAP and NPK production plant was approximately 1.40 million MT; (ii) Its total annual installed capacity of Sulphuric acid production plant was approximately 1.30 million MT; and (iii) Its total annual installed capacity of Phosphoric acid production plant was 0.30 million MT. In addition, the plant has three operational concentrators to concentrate weak Phosphoric acid into strong Phosphoric acid.
It also has facilities to store its raw material in Paradeep, Odisha and at any point of time, it can store 120,000 MT of Phosphate rock, 65,000 MT of Phosphoric acid solution, 50,000 MT of sulphur, 45,000 MT of Sulphuric acid, 40,000 MT of liquid ammonia and 35,000 MT of MOP. It also has two captive power plants of 16 MW each, designed to run on the excess steam generated by the Sulphuric acid production plant.
Paradeep Phosphates IPO Date, Size & Price Band
| Paradeep Phosphates IPO Date | 17 – 19 May 2022 |
| IPO Price Band | INR39 – 42 per share |
| Fresh issue | INR1,004 crore |
| Offer For Sale | 118,507,493 shares (INR462.18 – 497.73 crore) |
| Total IPO size | INR1,466.18 – 1,501.73 crore |
| Minimum bid (lot size) | 350 shares |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | NSE, BSE |
Paradeep Phosphates’ Financial Performance
| Â | FY2019 | FY2020 | FY2021 | 9M FY2022 |
| Revenue | 4,397.2 | 4,227.8 | 5,183.9 | 5,973.7 |
| Expenses | 4,145.7 | 3,997.4 | 4,817.2 | 5,491.4 |
| Net income | 159.0 | 193.2 | 223.3 | 362.8 |
| Margin (%) | 3.6 | 4.5 | 4.3 | 6.1 |
Paradeep Phosphates Offer News
- Goldman Sachs sees value in this new IPO stock, picks stake
- Paradeep Phosphates RHP
- Paradeep Phosphates DRHP
- Upcoming IPOs in 2022
Paradeep Phosphates IPO Timetable
| IPO Opening Date | 17 May 2022 |
| IPO Closing Date | 19 May 2022 |
| Finalisation of Basis of Allotment | 24 May 2022 |
| Initiation of refunds | 25 May 2022 |
| Transfer of shares to demat accounts | 26 May 2022 |
| Listing Date | 27 May 2022 |
| Opening Price on NSE | INR44 per share (up 4.76% from IPO price) |
| Closing Price on NSE | INR43.9 per share (up 4.52% from IPO price) |
Paradeep Phosphates Valuations & Margins
| FY2019 | FY2020 | FY2021 | 9M FY2022 | |
| EPS | 2.76 | 3.36 | 3.88 | 6.30 |
| PE ratio | – | – | 10.05 – 10.82 | – |
| RONW (%) | 10.72 | 12.05 | 12.22 | 16.57 |
| ROCE (%) | – | – | – | – |
| EBITDA (%) | 10.93 | 11.68 | 10.83 | – |
| Net Debt/Equity | – | – | – | – |
| NAV | – | – | 31.76 |
Paradeep Phosphates IPO Subscription – Live Updates
| Category | Shares Offered | Day 1 | Day 2 | Day 3 |
| QIB | 8,07,05,162 | 0.00 | 0.00 | 3.01 |
| NII | 5,63,91,509 | 0.06 | 0.20 | 0.82 |
| Retail | 13,15,80,187 | 0.57 | 0.95 | 1.37 |
| Total | 26,86,76,858 | 0.29 | 0.51 | 1.75 |
Paradeep Phosphates IPO Allotment
Paradeep Phosphates IPO allotment is now available on Link Intime’s website. Click on this link to get allotment status.
Meanwhile, bank debits have started. Please check bank account for amount deduction or removal of lien.
Paradeep Phosphates Offer Registrar
Link Intime India Private LimitedÂ
C-101, 1st Floor,
247 Park, Lal Bahadur Shastri Marg,
Vikhroli (West), Mumbai 400 083,
Maharashtra, India
Phone:Â +91 22 4918 6200
Fax:Â +91 22 4918 6195
Email:Â [email protected]
Website:Â http://www.linkintime.co.in
Paradeep Phosphates Contact Details
Paradeep Phosphates Limited
3rd Floor, Adventz Centre
28, Union Street, Off. Cubbon Road
Bengaluru 560 001
Karnataka, India
Phone: +91 080 4585 5561
E-mail: [email protected]
Website: www.paradeepphosphates.com
Paradeep Phosphates IPO FAQs
When is Paradeep Phosphates IPO date?
Paradeep Phosphates IPO date is 17 May 2022 for QIB, NII, and Retail Investors.
What are investors’ portions in Paradeep Phosphates IPO?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
How to Apply in Paradeep Phosphates public offer?
You can apply Paradeep Phosphates public offer via ASBA online via your bank account. You can also apply ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
What is Paradeep Phosphates IPO Allotment Date?
Paradeep Phosphates IPO allotment date is 24 May 2022.
What is Paradeep Phosphates IPO Listing Date?
Paradeep Phosphates IPO listing date is 27 May 2022.
All reviews nice and on going well in india