Paradeep Phosphates Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 178,777,555 (50%) | — | ₹75,087 Cr |
| NII (HNI) | — | 53,633,267 (15%) | — | ₹22,526 Cr |
| Retail | — | 125,144,290 (35%) | — | ₹52,561 Cr |
| Σ Total | — | 357,555,112 (100%) | — | ₹1,501,731 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 350 | ₹14,700 |
| Retail (Max) | 13 | 4,550 | ₹191,100 |
| S-HNI (Min) | 14 | 4,900 | ₹205,800 |
| B-HNI (Min) | 67 | 23,450 | ₹984,900 |
Financial Statements Amount in Crore
| Metric | 31-Dec-21 | 31-Mar-21 | 31-Mar-20 |
|---|---|---|---|
| Revenue | 5,974 | 5,184 | 4,228 |
| Profit After Tax | 363 | 223 | 193 |
| Total Assets | 7,186 | 4,423 | 5,010 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Part-financing the acquisition of the Goa Facility. –
- Repayment/prepayment of certain of our borrowings. –
- General corporate purposes. –
Company Overview
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.