Paradeep Phosphates IPO Date, Lot Size and Price

Paradeep Phosphates IPO Details: Paradeep Phosphates Ltd. a fertilizers Comapany, will launch an initial public offering on 17 May 2022. The Offer’s price band has been set at Rs 39 to Rs 42 per equity share with a face value of Rs 10 apiece. The government will sell its whole 19.55% ownership in the company through the Initial Public Offering (IPO), which will end on 19 May 2022.

Paradeep Phosphates IPO

Paradeep Phosphates IPO Details

IPO Opening DateMay 17, 2022
IPO Closing DateMay 19, 2022
Price BandRs 39 to Rs 42 per share
Lot Size350 Shares
Issue Size (Rs. Cr.)(To be announced) shares of Rs. 10 (aggregating up to Rs. 1,501.73 Cr)
Fresh Issue(To be announced) shares of Rs. 10 (aggregating up to Rs. 1,004.00 Cr)
Offer for Sale118,507,493 shares of Rs. 10 (aggregating up to Rs. 497.73 Cr)
Face ValueRs. 10 per equity share
Issue TypeBook Built Issue IPO
Exchange BoardBSE, NSE
QIB Shares OfferedNot more than 50% of the Net Offer
Retail Shares OfferedNot less than 35% of the Net Offer
NII (HNI) Shares OfferedNot less than 15% of the Net Offer
Basis of Allotment DateMay 24, 2022
Initiation of RefundsMay 25, 2022
Credit of Shares to Demat AccountMay 26, 2022
Paradeep Phosphates IPO Listing DateMay 27, 2022

Paradeep Phosphates IPO Date

On May 17, 2022, Paradeep Phosphates Limited will launch its first public offering. The anchor investor’s Bid/Offer Period begins one working day before the Bid/Offer Opening Date, on May 13, 2022.

Paradeep Phosphates IPO Price Band

The Paradeep Phosphates IPO Offer’s price band has been set at Rs 39 to Rs 42 per equity share with a face value of Rs 10 apiece.

Paradeep Phosphates IPO Lot Size

Bids for Paradeep Phosphates IPO must be for a minimum of 350 equity shares and multiples of 350 equity shares after that. Qualified Institutional Buyers (QIBs) will receive up to 50% of the net offer, while Non-Institutional Investors (NIIs) will receive 15% and regular investors will receive the remaining 35%.

Paradeep Phosphates IPO Issue Size

Paradeep Phosphates IPO issue size is Rs. 1,501.73 Cr. The public offering consists of a new issue of Rs 1,004 crore worth of shares, as well as an offer-for-sale of up to 11.85 crore shares by existing shareholders and promoters.

Paradeep Phosphates IPO Allotment Date and Listing Date

The IPO for Paradeep Phosphates will open on 17 May 2022, and Paradeep PhosphatesIPO close date is 19 May 2022. The Paradeep Phosphates IPO Allotment Date is 24 May 2022. This IPO will take 3 days to list. The IPO Listing Date of Paradeep Phosphates IPO is 27 May 2022.

About Paradeep Phosphates Limited IPO

Paradeep Phosphates Limited is an Indian fertilizers producer that was founded in 1981. DAP, three grades of Nitrogen-Phosphorus-Potassium (specifically NPK-10, NPK-12, and NP-20), Zypmite, Phospho-gypsum, and Hydroflorosilicic Acid are among the complex fertilizers that the company manufactures, trades, distributes, and sells.

The company’s network has 4,761 dealers and over 67,150 retailers serving over five million farmers in India as of March 31, 2022.

For the nine months ending December 31, 2021, Paradeep Phosphates Limited was the second largest private sector maker of non-urea fertilizers and Di-Ammonium Phosphate (DAP) in terms of volume sales. The fertilizers are sold under the Jai Kisaan-Navratna and Navratna brand names.

Paradeep Phosphates Limited’s manufacturing facility is located in Paradeep, Odisha, and includes a DAP and NPK production facility, as well as a Sulphuric acid and Phosphoric acid production plant. The facility can hold up to 120,000 MT of Phosphate Rock, 65,000 MT of Phosphoric acid, 55,000 MT of Sulphur, and 35,000 MT of MOP, respectively.

With a significant presence in the eastern region of India, the corporation created an enormous sales and distribution network. Paradeep Phosphates sold products across 14 Indian states with a network of 11 regional marketing offices and 468 stock locations as of March 31, 2022.

Promoters of Paradeep Phosphates IPO

The company’s promoters are Zuari Maroc Phosphates Private Limited, Zuari Agro Chemicals Limited, OCP S.A and President of India, acting through the Ministry of Chemicals and Fertilizers, Government of India.

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Paradeep Phosphates IPO FAQs

What is Paradeep Phosphates IPO?

Paradeep Phosphates IPO is a main-board IPO of (To be announced) equity shares of the face value of Rs 10 aggregating up to Rs 1,501.73 Crores. The issue is priced at Rs 39 to Rs 42 per 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 Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

When Paradeep Phosphates IPO will open?

The Paradeep Phosphates IPO opens on May 17, 2022 and closes on May 19, 2022.

What is the lot size of Paradeep Phosphates IPO?

Paradeep Phosphates IPO lot size is 350 Shares and the minimum order quantity is 350.

How to apply for Paradeep Phosphates IPO?

You can apply for the Paradeep Phosphates Initial Public Offering (IPO) online utilising UPI or ASBA as a payment option. The ASBA IPO application can be found in your bank account’s net banking. Brokers who do not provide banking services provide the UPI IPO application.

When Paradeep Phosphates IPO allotment?

The finalization of Basis of Allotment for Paradeep Phosphates IPO will be done on May 24, 2022, and the allotted shares will be credited to your demat account by May 26, 2022.

When is Paradeep Phosphates IPO listing date?

The Paradeep Phosphates IPO listing date is not yet announced. The tentative date of Paradeep Phosphates IPO listing is May 27, 2022.

Who is the registrar of Paradeep Phosphates IPO?

Link Intime India Private Ltd is the registrar for Paradeep Phosphates IPO.

What is Paradeep Phosphates IPO Price Band?

Paradeep Phosphates IPO price band is Rs. 39 to Rs. 42 per equity share.