Bookbuilding IPO | ₹1,502 Cr | Listed at BSE, NSE | Tue, May 17, 2022 - Thu, May 19, 2022
Paradeep Phosphates IPO is a book build issue of ₹1,501.73 crores. The issue is a combination of fresh issue of 23.90 crore shares aggregating to ₹1,004.00 crores and offer for sale of 11.85 crore shares aggregating to ₹497.73 crores.
Paradeep Phosphates IPO bidding started from May 17, 2022 and ended on May 19, 2022. The allotment for Paradeep Phosphates IPO was finalized on May 24, 2022. The shares got listed on BSE, NSE on May 27, 2022.
Paradeep Phosphates IPO price band is set at ₹42 per share. The lot size for an application is 350. The minimum amount of investment required by an retail is ₹14,700 (350 shares) (based on upper price). The lot size investment for sNII is 14 lots (4,900 shares), amounting to ₹2,05,800, and for bNII, it is 69 lots (24,150 shares), amounting to ₹10,14,300.
Axis Capital Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Paradeep Phosphates IPO RHP for detailed Information.
IPO Open
Tue, May 17, 2022
IPO Close
Thu, May 19, 2022
Issue Price
₹42 per share
Market Cap (Pre-IPO)
₹3,420.89 Cr
| IPO Date | 17 to 19 May, 2022 |
| Listed on | Fri, May 27, 2022 |
| Face Value | ₹10 per share |
| Price Band | ₹39 to ₹42 |
| Issue Price | ₹42 per share |
| Lot Size | 350 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 35,75,55,112 shares (agg. up to ₹1,502 Cr) |
| Fresh Issue | 23,90,47,619 shares (agg. up to ₹1,004 Cr) |
| Offer for Sale | 11,85,07,493 shares of ₹10 (agg. up to ₹498 Cr) |
| Share Holding Pre Issue | 57,54,50,000 shares |
| Share Holding Post Issue | 81,44,97,619 shares |
| BSE Script Code / NSE Symbol | 543530 / PARADEEP |
| ISIN | INE088F01024 |
Paradeep Phosphates IPO offers total 35,75,55,112 shares. Out of which 17,87,77,555 (50.00%) allocated to QIB, 7,15,11,022 (20.00%) allocated to QIB (Ex- Anchor), 5,36,33,267 (15.00%) allocated to NII 12,51,44,290 (35.00%) allocated to RII and 10,72,66,533 (30.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Max Allottees |
|---|---|---|
| QIB Shares Offered | 17,87,77,555 (50.00%) | NA |
| − Anchor Investor Shares Offered | 10,72,66,533 (30.00%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 7,15,11,022 (20.00%) | NA |
| NII (HNI) Shares Offered | 5,36,33,267 (15.00%) | NA |
| − bNII > ₹10L | 3,57,55,511 (10.00%) | 7,297 |
| − sNII < ₹10L | 1,78,77,756 (5.00%) | 3,648 |
| Retail Shares Offered | 12,51,44,290 (35.00%) | 3,57,555 |
| Total Shares Offered | 35,75,55,112 (100.00%) |
Investors can bid for a minimum of 350 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 350 | ₹14,700 |
| Retail (Max) | 13 | 4,550 | ₹1,91,100 |
| S-HNI (Min) | 14 | 4,900 | ₹2,05,800 |
| S-HNI (Max) | 68 | 23,800 | ₹9,99,600 |
| B-HNI (Min) | 69 | 24,150 | ₹10,14,300 |
Paradeep Phosphates IPO raises ₹450.52 crore from anchor investors. Paradeep Phosphates IPO Anchor bid date is May 13, 2022.
📝 Anchor Investors Letter (PDF)
| Bid Date | Fri, May 13, 2022 |
| Shares Offered | 10,72,66,533 |
| Anchor Portion (₹ Cr.) | 450.52 |
| Anchor lock-in period end date for 50% shares (30 Days) | Thu, Jun 23, 2022 |
| Anchor lock-in period end date for remaining shares (90 Days) | Mon, Aug 22, 2022 |
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
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Part-financing the acquisition of the Goa Facility | 520.00 |
| 2 | Repayment/prepayment of certain of the borrowings | 300.00 |
| 3 | General corporate purposes | 143.15 |
| KPI | |
|---|---|
| RoNW | 12.22 |
| PAT Margin | 4.30% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 3.88 | |
| P/E (x) | 7.07 | |
| Promoter Holding | 100% | |
| Market Cap | ₹3,420.89 Cr. |
The Paradeep Phosphates IPO is subscribed 1.75 times on May 19, 2022 5:00:00 PM (Day 3). The public issue subscribed 1.37 times in the retail category, 3.01 times in the QIB category, and 0.82 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 3.01 | 8,07,05,162 | 24,32,41,250 |
| NII | 0.82 | 5,63,91,509 | 4,63,41,750 |
| Retail | 1.37 | 13,15,80,187 | 18,06,17,150 |
| Total | 1.75 | 26,86,76,858 | 47,02,00,150 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the BRLMs and commissions (including underwriting commission, brokerage and selling commission) | 31.01 |
| 2 | Advertising and marketing expenses | 4.25 |
| 3 | Fees payable to the Registrar to the Offer | 0.12 |
| 4 | Commission/processing fee for SCSBs and Banker to the Offer. Brokerage, underwriting commission and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDP | 4.02 |
| 5 | Printing and distribution of issue stationery | 2.00 |
| 6 | Fees to regulators, including Stock Exchanges | 1.51 |
| 7 | Others i. Listing fees, SEBI, BSE and NSE processing fees; ii. Book building software fees; iii. Other regulatory expenses; iv. Fees payable to legal counsels; and v. Miscellaneous. | 18.19 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹42.00 | ₹42.00 |
| Open | ₹43.55 | ₹44.00 |
| Low | ₹42.95 | ₹43.00 |
| High | ₹47.25 | ₹47.25 |
| Last Trade | ₹43.95 | ₹43.90 |
Paradeep Phosphates IPO is a main-board IPO of 35,75,55,112 equity shares of the face value of ₹10 aggregating up to ₹1,502 Crores. The issue is priced at ₹42 per share. The minimum order quantity is 350.
The IPO opens on Tue, May 17, 2022, and closes on Thu, May 19, 2022.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Paradeep Phosphates IPO using UPI as a payment gateway. Zerodha customers can apply in Paradeep Phosphates IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Paradeep Phosphates IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Paradeep Phosphates IPO opens on Tue, May 17, 2022 and closes on Thu, May 19, 2022.
Paradeep Phosphates IPO lot size is 350, and the minimum amount required for application is ₹14,700.
You can apply in Paradeep Phosphates IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Paradeep Phosphates IPO will be done on Tuesday, May 24, 2022, and the allotted shares will be credited to your demat account by Thu, May 26, 2022. Check the Paradeep Phosphates IPO allotment status.
The Paradeep Phosphates IPO listing date is on Fri, May 27, 2022.
