Paradeep Phosphates IPO Date, GMP, Review, Price, Form, Subscription & Market Lot Details

Paradeep Phosphates IPO date is fixed, the IPO is going to hit the market on May 17 and will close on May 19, 2022. Paradeep Phosphates IPO to raise around ₹1501.73 crores via IPO that comprises fresh issue of  equity shares and offer for sale up to 118,507,493 equity shares of ₹10 each. The retail quota is 35% while QIB is 50% and HNI is 15%.

Paradeep Phosphates Limited is a manufacturer of non-urea fertilizers in India. The company is engaged in manufacturing, trading, distribution, and sales of a variety of complex fertilizers such as DAP, three grades of Nitrogen-Phosphorus-Potassium (namely NPK-10, NPK-12, and NP-20), Zypmite, Phospho-gypsum, and Hydroflorosilicic Acid.

Paradeep Phosphates Limited is the second-largest private-sector manufacturer of non-urea fertilizers and Di-Ammonium Phosphate(DAP) in terms of volume sales for the nine months ended December 31, 2021. The company's fertilizers are marketed under the brand names Jai Kisaan-Navratna and Navratna. The manufacturing facility of Paradeep Phosphates Limited is located in Paradeep, Odisha, and includes a DAP and NPK production facility, a Sulphuric acid production plant, and a Phosphoric acid production plant. The facility can store up to 120,000 MT, 65,000 MT, 55,000 MT, and 35,000 MT of Phosphate Rock, Phosphoric acid, Sulphur, and MOP, respectively.

The company established an extensive sales and distribution network, with a strong presence in the eastern part of India. As of March 31, 2022, Paradeep Phosphates distributed products across 14 states in India through the network of 11 regional marketing offices and 468 stock points.

As of March 31, 2022, the company's network includes 4,761 dealers and over 67,150 retailers serving over five million farmers in India.

Competitive Strengths:

  • Well-positioned to capture favorable Indian fertilizer industry dynamics supported by conducive government regulations.
  • The second largest manufacturer of Phosphatic fertilizers in India.
  • 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.
  • The 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.

Check out Paradeep Phosphates IPO and GMP details.

    Paradeep Phosphates IPO

    Paradeep Phosphates IPO Date & Price Band:

    IPO Opening Date May 17, 2022
    IPO Closing Date May 19, 2022
    Delhivery IPO Face Value ₹10 per share
    Delhivery IPO Price ₹39 to ₹42 per share
    Delhivery IPO Lot Size 350 Shares
    Issue Size  shares of ₹10
    (aggregating up to ₹1501.73 Cr)
    Fresh Issue  shares of ₹10
    (aggregating up to ₹1004.00 Cr)
    Offer For Sale  shares of ₹10
    (aggregating up to ₹497.73 Cr)
    Issue Type Book Built Issue IPO
    Listing At BSE, NSE
    QIB Shares Offered Not less than 50% of the Net Offer
    Retail Shares Offered Not more than 35% of the Net Offer
    NII (HNI) Shares Offered Not more than 15% of the Net Offer
    Company Promoters 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 are the company promoters.

    Paradeep Phosphates IPO Tentative Timetable

    Paradeep Phosphates IPO opens on May 17, 2022, and closes on May 19, 2022. The Paradeep Phosphates IPO bid date is from May 17, 2022, 10.00 A.M. to May 19, 2022, 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 12 P.M. on the next day of issue closing day.

    IPO Open Date May 17, 2022
    IPO Close Date May 19, 2022
    Basis of Allotment Date May 24, 2022
    Initiation of RefundsMay 25, 2022
    Credit of Shares to Demat Account May 26, 2022
    IPO Listing Date May 27, 2022

    Paradeep Phosphates IPO Market Lot:

    The Paradeep Phosphates IPO lot size is 350 shares. A retail-individual investor can apply for up to 13 lots ( 4550 shares or ₹191,100).

    Application Lots Shares Amount
    Minimum 1 350 ₹14,700
    Maximum 13 4550 ₹191,100

    Paradeep Phosphates Company Financial:

    Particulars For the year/period ended (₹ in Millions)
    31-Dec-21 31-Mar-21 31-Mar-20 31-Mar-19
    Total Assets 71,862.67 44,231.67 50,103.25 56,276.58
    Total Revenue 59,736.88 51,839.41 42,277.76 43,972.13
    Profit After Tax 3,627.84 2,232.68 1,932.20 1,589.63

    Paradeep Phosphates IPO Reviews / Ratings

    • Updates Soon

    Brokerage Firm IPO Reviews for Paradeep Phosphates IPO

    • ICICI Securities: Adding Soon
    • Motilal Oswal: Adding Soon
    • Capital Market: Adding Soon
    • Ventura Securities Limited: Adding Soon
    • KR Choksey: Adding Soon
    • AXIS Capital Ltd: Neutral

    Read Also:- 
    • Paradeep Phosphates IPO GMP (Grey Market Premium)
    • Paradeep Phosphates IPO Subscription Status
    • Paradeep Phosphates IPO Allotment Status

    Paradeep Phosphates IPO Form:

    How to apply for the Venus Pipes IPO? You can apply for Paradeep Phosphates IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Paradeep Phosphates IPO in the Invest section. The other option is you can apply to Paradeep Phosphates IPO via IPO forms downloaded via NSE and BSE. Check out the Paradeep Phosphates IPO forms - click NSE Forms & BSE Forms blank Paradeep Phosphates  IPO forms download, fill, and submit in your bank or with your broker.

    Paradeep Phosphates IPO Prospectus

    • Paradeep Phosphates DRHP
    • Paradeep Phosphates RHP

    Paradeep Phosphates IPO Registrar:

    Link Intime India Private Ltd
    Phone: +91-22-4918 6270

    Paradeep Phosphates IPO Lead Managers: 

    • Axis Capital Limited
    • ICICI Securities Limited
    • JM Financial Consultants Private Limited
    • SBI Capital Markets Limited

    Paradeep Phosphates Company Address: 

    Paradeep Phosphates Limited
    5 th Floor, Orissa State Handloom Weavers'
    Co-Operative Building, Pandit J.N Marg,
    Bhubaneswar 751 001,
    Phone: +91 080 45855561

    Paradeep Phosphates IPO FAQs

    What is Paradeep Phosphates IPO?

    Paradeep Phosphates IPO is a main-board IPO. They are going to raise ₹1501 Crores via IPO. The issue is priced at 39 to 42 per equity share. The IPO is to be listed on BSE & NSE.

    When Paradeep Phosphates IPO will open?

    The IPO is to open on May 17, 2022, for QIB, NII, and Retail Investors.

    What is Paradeep Phosphates IPO Investors Portion?

    The investors' portion for QIB-50%, NII-15%, and Retail 35%.

    How to Apply the Paradeep Phosphates IPO?

    You can apply for Paradeep Phosphates IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

    How to Apply the Paradeep Phosphates IPO through Zerodha?

    Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name "Paradeep Phosphates". Click on Bid Button. Enter your UPI ID, Quantity and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.

    How to Apply the Paradeep Phosphates IPO through Upstox?

    Log in to the Upstox Application with your credentials. Select the IPO. You will see the IPO Name "Paradeep Phosphates". Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.

    How to Apply the Paradeep Phosphates IPO through Paytm Money?

    Log in to Paytm Money Application with your credentials. Select the IPO. You will see the IPO Name "Paradeep Phosphates". Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Paytm Money.

    What is Paradeep Phosphates IPO Size?

    Paradeep Phosphates IPO size is ₹1501 crores.

    What is Paradeep Phosphates IPO Price Band?

    Paradeep Phosphates IPO Price Band is ₹39 to ₹42.

    What is Paradeep Phosphates IPO Minimum and Maximum Lot Size?

    The minimum bid is 350 Shares with ₹14,700 amount while the maximum bid is 4550 shares with ₹191,100.

    What is the Paradeep Phosphates IPO Allotment Date?

    Paradeep Phosphates IPO allotment date is May 24, 2022.

    What is the Paradeep Phosphates IPO Listing Date?

    Paradeep Phosphates IPO listing date is May 27, 2022. The IPO is to list on BSE and NSE.