Last updated on June 2, 2022
Keep updated with latest Paradeep Phosphates IPO GMP (Grey Market Premium), kostak rates, and subject to sauda rates. Paradeep Phosphates IPO GMP for today is INR2 per share against the issue price of INR39 – 42 per share. This implies Paradeep Phosphates IPO expected listing price is INR44 per share based on the current GMP.
Paradeep Phosphates 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.
As of 31 March 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.
Paradeep Phosphates IPO GMP Daily Trend
| Date | Paradeep Phosphates IPO GMP | Kostak | Subject to Sauda |
| 26 May 2022 | INR2 | – | – |
| 25 May 2022 | INR2 | – | – |
| 24 May 2022 | INR2 | – | – |
| 23 May 2022 | INR2 | – | – |
| 14 May 2022 | – | – | – |
This page provides day-wise GMP movement which is helpful in deriving tentative listing price and profit/loss of the IPO. The historical premiums mentioned in the above table serve an important purpose and have a close linkage with subscription levels, especially in the QIB and HNI categories. It is typically observed that recovery in premiums is difficult after a sharp correction.
IPO Central also provides grey premium of all active, recent and forthcoming IPOs at a single place. Head to our IPO discussion page which provides a snapshot of IPO premiums.
It should be noted that IPO grey market is unregulated and is highly volatile and thus, it should not be used as the only criterion for an investment decision in an IPO. Investors need to look into other parameters including financial performance and valuations before deciding whether to invest in Paradeep Phosphates IPO or not.
Paradeep Phosphates IPO Details
| Subscription Dates | 17 – 19 May 2022 |
| 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 |
| Minimum investment amount | INR14,700 |
| Maximum bid (lot size) | 598 shares |
| Maximum investment amount | INR1,91,100 |
| Face Value | INR10 per share |
| Retail Allocation | 35% |
| Listing On | NSE, BSE |
Paradeep Phosphates IPO Documents & News
- Goldman Sachs sees value in this new IPO stock, picks stake
- Paradeep Phosphates RHP
- Paradeep Phosphates DRHP
Paradeep Phosphates IPO Timetable
This table provides important information about Paradeep Phosphates IPO. The dates are updated once the company files Red Herring Prospectus (RHP).
| 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 | Coming soon |
| Closing Price on NSE | Coming soon |
What is Paradeep Phosphates IPO GMP today?
Paradeep Phosphates IPO GMP today is INR2 per share.
What is Paradeep Phosphates IPO kostak rate today?
Paradeep Phosphates IPO kostak rate today is NA per application.
What is Paradeep Phosphates Subject to Sauda rate today?
Paradeep Phosphates Subject to Sauda rate today is NA per application.
What is the expected listing price and return of Paradeep Phosphates IPO?
Paradeep Phosphates IPO expected return is 4.8% based on the current GMP and expected listing price is INR44 per share.
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