Everything You Need to Know About the Paradeep Phosphates Limited IPO

Paradeep Phosphates Limited is engaged in manufacturing, trading, distribution, and sales of a variety of fertilizers. It is the third-largest private-sector manufacturer of non-urea fertilizers in India and markets its products in the country under the ‘Jai Kisaan – Navratna’ and ‘Navratna’ brands.

As of March 31, 2022, the company distributed its products across 14 states. Its network includes 4,761 dealers and over 67,150 retailers, catering to over five million farmers.

The public offer of Paradeep Phosphates comprises a fresh issue of equity shares worth up to Rs. 1004 crores and an offer for sale on 11.85 crore equity shares aggregating up to Rs. 497.73 crores from selling shareholders.

Financial Snapshot

Financial Year Ended Revenue (₹ Crores) PAT (₹ Crores) EPS (₹)
March 2019 4,397.21 158.96 2.76
March 2020 4,227.78 193.22 3.36
March 2021 5,183.94 223.27 3.88
Period ended December 31, 2021 5,973.69 362.78 6.3

For more information, you can check the IPO Prospectus filed by the company.

IPO Details

Issue Period 17th May 2022 to 19th May 2022
Price Range 39 - 42
Minimum Bid Quantity 350 and in multiples thereof
Finalization of Allotment 24th May 2022
Initiation of Refunds 25th May 2022
Credit of Shares 26th May 2022
Date of Listing 27th May 2022
Mandate end date 4th June 2022
Anchor Investors Lock-in End Date 18th June 2022

How do I apply to the Paradeep Phosphates Limited IPO?

You can apply for the Paradeep Phosphates Limited IPO using any supported UPI app by following two steps:

  • Enter your bid on Console
  • Accept UPI mandate on your phone

On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.

Where do I check the allotment status for Paradeep Phosphates Limited IPO?

You can check the allotment status for the Paradeep Phosphates Limited IPO on the website of the Registrar and Transfer agent.

Alternatively, you can also check the allotment status on the NSE website.

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