Paradeep Phosphates IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Feb 17, 2023Among the various sources to raise funds for a company’s operations, Initial Public Offering remains among the top. With an IPO, a company dilutes its shareholding and offers its shares to the public at large in exchange for cash.
An IPO can be a fixed price issue, or its price can be determined through the book-building process.
Now, one of the manufacturers of non-urea fertilizers in India, Paradeep Phosphates Limited, is upcoming with an IPO comprising fresh issues and an offer for sale.
So, let’s understand everything related to the company and its IPO in this Paradeep Phosphates IPO Review.
| Face Value | Rs 10 |
| Price Band | Rs.39 to Rs.42 |
| Listing At | BSE, NSE |
| Min. Order Quantity | 350 Shares |
| Listing Date | May 27, 2022 |
| Offer for Sale | Rs.497.73 Crore |
| Fresh Issue | Rs.1004 Crore |
| IPO Size | Rs.1501.73 Crore |
| Tick Size | 1 |
Paradeep Phosphates IPO Overview
Paradeep Phosphates IPO is a Fresh Issue of Equity shares aggregating up to Rs. 1,004 crore and an Offer for Sale of up to 11,85,07,493 Equity Shares by the promoter and investor of the company.
The IPO has received the SEBI and is all set to open for bids on May 17, 2022.
The IPO will remain open for three days, where the investors can apply for a subscription. Applicants can apply for the IPO online through the ASBA process. The listing date for the shares is May 27.
Paradeep Phosphates IPO Important Dates
| Events | Date |
| IPO Opening Date | May 17, 2022 |
| IPO Closing Date | May 19, 2022 |
| Basis of Allotment Finalization | May 24, 2022 |
| Refunds Initiation | May 25, 2022 |
| Credit of Shares to Demat Account | May 26, 2022 |
| Share Listing Date | May 27, 2022 |
Paradeep Phosphates has received the SEBI for its DRHP and RHP, and the same has been filed with RoC. The company will launch its IPO in mid-May.
Paradeep Phosphates IPO Dates have been set. The company is firming up to open the IPO bids between May 17 to May 19.
Before the IPO is made open to the public, anchor investors bid on the IPO. The IPO is open for one working day for the Anchor Investors. Further, for this IPO, the Anchor investor bid period will open on May 13, 2022.
Paradeep Phosphates IPO Price, Size, Share Offerings
| Face Value | Rs.10 |
| Price Band | Rs.39 to Rs.42 |
| Offer for Sale | Rs.497.73 Crore |
| Fresh Issue | Rs.1004 Crore |
| IPO Size | Rs.1501.73 Crore |
Paradeep Phosphates IPO Size comprises the Fresh share issue and Offer for Sale. The face value of the shares is Rs. 10 each. The Book Building process will determine the Paradeep Phosphates IPO Price.
The price band of the IPO has been fixed at Rs. 39-42 per share. The bid lot size will be 350 Shares. And a retail investor can apply for up to 13 maximum.
Investors can apply for the subscription between May 17, 2022, to May 19, 2022.
Paradeep Phosphates IPO Grey Market Premium
| Date | GMP (Rs.) | Kostak Rate (Rs.) | Subject to Sauda (Rs.) |
| 28 May 2022 | Rs.0.50 | NA | NA |
| 27 May 2022 | Rs.0.50 | NA | NA |
| 26 May 2022 | Rs.0.50 | NA | NA |
| 25 May 2022 | Rs.0.50 | NA | NA |
| 24 May 2022 | Rs.0.50 | NA | NA |
| 23 May 2022 | Rs.1 | NA | NA |
| 21 May 2022 | Rs.2 | NA | NA |
| 20 May 2022 | Rs.1 | NA | NA |
| 19 May 2022 | Rs.3 | NA | NA |
| 18 May 2022 | Rs.3 | NA | NA |
| 17 May 2022 | Rs.3 | NA | NA |
| 16 May 2022 | Rs.3 | NA | NA |
GMP or Grey Market Premium is the amount at which the shares of the company are bid and offered in the Grey Market.
The Grey Market offers a platform to trade in the securities of the issuer company. You can easily access Paradeep Phosphates IPO GMP everyday from here and bid in the IPO more cautiously.
Paradeep Phosphates IPO Subscription Status
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – 17th May | 0.00x | 0.07x | 0.57x | 0.29x |
| 2nd Day – 18th May | 0.00x | 0.20x | 0.95x | 0.51x |
| 3rd Day – 19th May | 3.01x | 0.82x | 1.37x | 1.75x |
| Shares Offered or Net Issue | 80,705,162 | 56,391,509 | 131,580,187 | 268,676,858 |
The wait is over. Paradeep Phosphates is opening its IPO on May 17. You can easily apply for the IPO through the online mode. All you need to have is a Demat account to start your investment journey in Paradeep Phosphates.
The entity is opened for Paradeep Phosphates IPO Subscription. The company has successfully executed the filing of documents with the statutory authorities and is gearing up to invite bids from the public.
Anchor investor bid will open before the public bid opens. It is a three days long subscription where you can grab the opportunity to be a part of the organization.
Paradeep Phosphates IPO Allotment Status
The basis of Paradeep Phosphates IPO Allotment will be decided on May 24 by the company and the selling shareholders. The allotment of the resulting equity shares of the IPO will take place on May 26, 2022.
Through the allotment process, the company will credit the shares in the Demat accounts of the subscribers. The entity will maintain a members’ register, including all necessary details of the shareholders.
Paradeep Phosphates IPO Live Performance
The IPO is opening soon. So, do not miss any details of the Paradeep Phosphates IPO Performance with us. Keep up with the prevailing price of the Paradeep Phosphates IPO Price from here.
Subscribe to Paradeep Phosphates IPO – Open Free Demat Account Now!
Latest Paradeep Phosphates IPO News
Taking advantage of the first move, Paradeep Phosphates Limited is heading aboard the craft of listing. The IPO opened on May 17th and will conclude on May 19th.
The company has set the price band in between Rs. 39 to Rs. 42 per share. The company’s shares will be listed on the stock exchange on May 27th.
Paradeep Phosphates – Company Review
The cornerstone of Paradeep Phosphates Limited was established in 1981 as a private limited company. The company was converted into a public limited company in 2002.
The entity is engaged in the manufacturing, distribution, trading, and sales of a variety of complex fertilizers. The company’s products are marketed under some of the notable brand names present in the market, namely “Jai Kisaan – Navratna” and “Navratna.”
Paradeep Phosphates happens to be the third-largest entity in the private sector manufacturers providing non-urea fertilizers in India. Also, its DAP volume sales have put it in the position of the second-largest entity in the segment.
Products or Services
With an annual turnover of over Rs. 5,000 crore, Paradeep Phosphates has emerged as one of the industry’s most dominating and capable entities.
The company undertakes from manufacturing to sales of complex fertilizers such as DAP, three grades of Nitrogen-Phosphorus-Potassium, Zypmite, Phospho-gypsum, and Hydroflorosilicic Acid.
The company’s manufacturing unit is situated in Paradeep, Odisha, from where it powers the production of DAP and NPK production facility, a Sulphuric acid production plant, and a Phosphoric acid production plant.
Promoters and Holding
The Promoters of Paradeep Phosphates Limited are:
- Zuari Maroc Phosphates Private Limited
- Zuari Agro Chemicals Limited
- Ocp S.A And The President Of India
- Acting Through The Department Of Fertilizers
- Ministry Of Chemicals And Fertilizers, Government Of India
The management of the company are:
- Saroj Kumar Poddar, in the position of Chairman and Non-executive Director
- Narayanan Suresh Krishnan, in the position of Executive Director and Managing Director
- Ujjwal Kumar, in the position of Non-Executive Director
- Soual Mohamed, in the position of Non-executive Director
- Karim Lotfi Senhadji, in the position of Non-executive Director
- Kiran Dhingra, in the position of Independent Director
- Marco Phillipus Ardeshir Wadia, in the position of Independent Director
- Satyananda Mishra, in the position of Independent Director
- Dipankar Chatterji, in the position of Independent Director
- Subhrakant Panda, in the position of Additional Director (Independent Director)
- Sabaleel Nandy, in the position of President and Chief Operating Officer
- Pranab Kumar Bhattacharyya, in the position of Chief Manufacturing Officer – PPL Plant
- Alok Saxena, in the position of General Manager and Head of Corporate Finance
- Bijoy Kumar Biswal, in the position of Chief Financial Officer
- Harshdeep Singh, in the position of Chief Commercial Officer
- Sachin Patil, in the position of Company Secretary and Compliance Officer
Is Paradeep Phosphates good for Investment?
Ministry Of Chemicals And Fertilizers, the Government of India, a promoter of Paradeep Phosphates Limited, has had a competitive advantage. The company has been in existence for more than four decades.
The experienced it has gained over the years is of immense importance for the company and market.
The entity offers its services in creating and providing complex fertilizers such as Di-Ammonium Phosphate (DAP) and NPK fertilizers.
Now, it’s bringing a new set of opportunities and possibilities in the form of Paradeep Phosphates IPO for both the company itself and the investors.
Paradeep Phosphates Financial Statements
| Amount (in INR & Million) | ||||
| 31-Dec-21 | 31-Mar-21 | Mar-20 | 31-Mar-19 | |
| Assets | 71,862.67 | 44,231.67 | 50,103.25 | 56,276.58 |
| Revenue | 59,736.88 | 51,839.41 | 42,277.76 | 43,972.13 |
| Expense | 54,914.00 | 48,172.43 | 39,973.86 | 41,457.26 |
| Profit After Tax | 3,627.84 | 2,232.68 | 1,932.20 | 1,589.63 |
Paradeep Phosphates is a strong entity backed by the Ministry Of Chemicals And Fertilizers, the Government of India as one of the promoters. The company is among the largest supplier of some fertilizers and products for its massive supply capacity.
The company has records of its financial statements in the DRHP, which express a whopping sum of total income and increasing profits over the years.
The company’s total income for the years 2019, 2020, and 2021 were – 43,972.13 million, 42,277.76 million, and 51,839.41 million, respectively.
The profits of Paradeep Phosphates stood at 2,513.97 million, 2,295.62 million, and 3,665.03 million for 2019, 2020, and 2021.
In the three quarters of 2021 ended December 31, 2021, the company’s total income was 59,736.88 million, and the profit stood at 4,829.04 million during the period.
| Earnings per Equity Share (in Million) | ||||
| 31-Dec-21 | 31-Mar-21 | Mar-20 | 31-Mar-19 | |
| Basic & Diluted | 6.30 | 3.88 | 3.36 | 2.76 |
On the EPS front, the company has also reflected positive growth over the years. The EPS of Paradeep Phosphates Limited was Rs. 6.30 as of December 31, 2021.
Paradeep Phosphates IPO Review
Paradeep Phosphates IPO is a combination of a Fresh Issue of about Rs. 1,004 crore and an Offer for Sale for about 11,85,07,493 equity shares.
The selling shareholders will receive the proceeds of the OFS, and the company will receive the proceeds of the fresh issue.
Paradeep Phosphates is planning to utilize the proceeds of the Goa Facility’s acquisition and further make payments for the outstanding borrowings of the company.
The IPO is a means to satisfy the varied requirements of the company. By paying off the borrowing, the company will attain a better financial standing, and through the acquisition plans, it will be expanding its operational capacity.
Paradeep Phosphates IPO Details
Here are few more details you need to know before investing in Paradeep Phosphates IPO –
Paradeep Phosphates IPO Issue Object
Paradeep Phosphates has proposed diverse objectives for making the IPO offer and some of the objectives are:
- Part-financing the acquisition of the Goa Facility;
- Repayment/prepayment of certain of our borrowings; and
- General corporate purposes.
Paradeep Phosphates IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Well-positioned to capture favorable Indian fertilizer industry dynamics supported by conducive government regulations
- Second largest private sector manufacturer of Phosphatic fertilizers in India with a focus on the non-urea segment, in terms of phosphatic fertilizer (DAP and NPK complexes) capacity as of March 31, 2022 (Source: CRISIL Report)
- Driving raw material efficiency through backward integration of facilities and effective sourcing
- Secure and certified manufacturing facility and infrastructure and unutilised land available for expansion
- Strategic location of our manufacturing facility and sizeable material storage, handling and port facilities
- Established brand name backed by an extensive sales and distribution network
- Strong parentage, experienced management team and prominent shareholders
Quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-21 | 3.88 | 12.22 | 38.04 |
| 31-Mar-20 | 3.36 | 12.05 | – |
| Mar-19 | 2.76 | 10.72 | – |
Paradeep Phosphates IPO Lead Managers
Here are the list of Lead managers –
- Axis Capital Limited
- JM Financial Limited
- ICICI Securities Limited
- SBI Capital Markets Limited
Paradeep Phosphates IPO Registrar to offer
Check out the details of the registrar here –
Link Intime India Private Limited
C-101, 1st Floor, 247, Lal Bahadur Shastri Marg,
Vikhroli (West), Mumbai 400 083 Maharashtra, India
Tel: +91 22 4918 6200
E-mail: ppl.ipo@linkintime.co.in
Website: www.linkintime.co.in
Investor grievance e-mail: ppl.ipo@linkintime.co.in
Contact person: Shanti Gopalkrishnan
SEBI Registration No.: INR000004058
Paradeep Phosphates IPO – Other Details
- Statutory Auditor – B S R & Co. LLP
- Legal Counsel to the Company – Shardul Amarchand Mangaldas & Co
- Bankers to the Company – Axis Bank Limited, Bank of India, Canara Bank, DBS Bank India Limited, ICICI Bank Limited and State Bank of India
Paradeep Phosphates IPO Verdict by Stock Brokers
As per the discrete reviews of various sources, Paradeep Phosphates IPO is worthy of putting stakes on. The company has been recognized multiple for its sustainability measures, corporate leadership, and excellence.
It maintains competitive leadership in the Chemical and Fertiliser Sector. It has emerged as the second-largest non-urea fertilizer manufacturer.
Through the IPO, new avenues for success will be paved for the company as well for the investors.
Paradeep Phosphates IPO – Conclusion
Paradeep Phosphates Limited is a fertilizer company that has a long-standing in the market and a competitive position. The company offers a wide product portfolio and has a wide range of diversification.
Paradeep Phosphates is a well-established company that captures a substantial portion of the Indian fertilizer industry. Investment is surely a positive opportunity for investors and traders.
To Subscribe to Paradeep Phosphates IPO – Open Demat Account Now!
Paradeep Phosphates IPO Review FAQs
Check out the FAQs on Paradeep Phosphates IPO –
What is the Issue Size of Paradeep Phosphates IPO?
The Company is making an initial public offer of NA equity shares. They vividly portray the aspects of the issue in this article.
You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of Paradeep Phosphates IPO?
The price band for this particular IPO ranges between Rs.39 to Rs.42. As far as the face value of the share is of concern, it is Rs.10 per share.
What is the Paradeep Phosphates IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on May 17, 2022, while the closing date is set at May 19, 2022.
What is the Paradeep Phosphates IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO.
Basis of Allotment finalization is on May 24, 2022, refund initiation is on May 25, 2022, credit of shares is on May 26, 2022, and share listing date is on May 27, 2022.
What is the Paradeep Phosphates IPO Listing Date?
Shares of this company shall be listed in the exchanges May 27, 2022. The date, when the listing would be done, is stagnant on May 27, 2022.
Who is the Registrar of Paradeep Phosphates IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. Link Intime India Private Limited. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Paradeep Phosphates IPO?
Here are the promoters of this IPO – ZUARI MAROC PHOSPHATES PRIVATE LIMITED, ZUARI AGRO CHEMICALS LIMITED, OCP S.A AND THE PRESIDENT OF INDIA, ACTING THROUGH THE DEPARTMENT OF FERTILIZERS, MINISTRY OF CHEMICALS AND FERTILIZERS, GOVERNMENT OF INDIA* . You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of Paradeep Phosphates IPO?
They have obtained the GMP of this IPO and it is Rs.0.50. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Is Paradeep Phosphates IPO good for Investment?
They have further provided the financial status of the company in this article, from the past few years.
You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Paradeep Phosphates Company?
They have the information of company financials, and according to that, they have the figures from the last few years to provide.
PAT for the financial year 2021 in Million is 2,232.68, 2020 is 1,932.20, 2019 is 1,589.63. PAT from Dec 2021 is 3,627.84.
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