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 Details
|IPO Opening Date||May 17, 2022|
|IPO Closing Date||May 19, 2022|
|Price Band||Rs 39 to Rs 42 per share|
|Lot Size||350 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 Sale||118,507,493 shares of Rs. 10 (aggregating up to Rs. 497.73 Cr)|
|Face Value||Rs. 10 per equity share|
|Issue Type||Book Built Issue IPO|
|Exchange Board||BSE, NSE|
|QIB Shares Offered||Not more than 50% of the Net Offer|
|Retail Shares Offered||Not less than 35% of the Net Offer|
|NII (HNI) Shares Offered||Not less than 15% of the Net Offer|
|Basis of Allotment Date||May 24, 2022|
|Initiation of Refunds||May 25, 2022|
|Credit of Shares to Demat Account||May 26, 2022|
|Paradeep Phosphates IPO Listing Date||May 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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