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Paradeep Phosphates Limited IPO Detail

Paradeep Phosphates Limited IPO Detail

Incorporated in 1981, 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 fertilisers 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 favourable 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.

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

IPO Details

IPO Opening DateMay 17, 2022
IPO Closing DateMay 19, 2022
Issue TypeBook Built Issue IPO
Face Value₹10 per equity share
IPO Price ₹39 - 42 per equity share
Market Lot350 Shares
Min Order Quantity350 Shares
Listing AtBSE, NSE
Issue Size₹1,501.73 Cr
Fresh Issue₹1,004.00 Cr
Offer for Sale₹497.73 Cr
Retail Portion 35%

IPO Subscription (Bidding Detail)

Day 1 0x 0.06x 0.57x 0x - 0.3x
Day 2 3.02x 0.82x 1.37x 0x - 1.75x
Day 3 3.02x 0.82x 1.37x 0x - 1.75x

IPO Tentative Timetable

The Paradeep Phosphates Limited IPO open date is May 17, 2022, and the close date is May 19, 2022. The issue may list on May 27, 2022.

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

IPO Lot Size

The Paradeep Phosphates Limited IPO market lot size is 350 shares. A retail-individual investor can apply for up to 13 lots (4550 shares or ₹191100).

ApplicationLotsSharesAmount (Cut-off)

IPO Promoter Holding

Pre Issue Share Holding100%
Post Issue Share Holding

Company Financials:

For the year/period ended (₹ in Millions)

Financial Year Total Assets Total Revenue Profit After Tax
31-Dec-21 71,862.67 59,736.88 3,627.84
31-Mar-21 44,231.67 51,839.41 2,232.68
31-Mar-20 50,103.25 42,277.76 1,932.20
31-Mar-19 56,276.58 43,972.13 1,589.63

Objects of the Issue:

The net proceeds of the Fresh Issue are proposed to be utilised in the following manner:

  • Part-financing the acquisition of the Goa Facility.
  • Repayment/prepayment of certain of our borrowings.
  • General corporate purposes.

Paradeep Phosphates Limited IPO Registrar:

Link Intime India Private Ltd

Paradeep Phosphates Limited IPO Lead Manager(s):

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

Company Contact Information:

Paradeep Phosphates Limited

5 th Floor, Orissa State Handloom Weavers

Co-Operative Building, Pandit J.N Marg,

Bhubaneswar 751 001