Product Note – Paradeep Phosphates IPO
| Issue Open | May 17, 2022 |
| Issue Close | May 19, 2022 |
| Empoyee Discount | |
| Price Band | 39-42 |
| Face Value | Rs. 10 Per Equity |
| Lot Size | 350 |
IPO Issue Details
| Issue Size | 1,466-1502 Cr * |
| Employee Reservation | Equity Shares |
| QIB | 50% of Net Offer |
| NII | 15% of Net Offer |
| Retail | 35% of Net Offer |
| Listing | BSE & NSE |
| Registrar | LINK Intime |
Company Details
Paradeep Phosphates is second largest private sector manufacturers of non-urea fertilizers in India and the second largest in private sector manufacturer terms of DAP volume sales for the nine months ended December 31, 2021 (Source: CRISIL Report).
Company primarily engaged in manufacturing, trading, distribution and sales of a variety of complex fertilizers such as DAP, three grades of NPK, Zypmite, Phospho-gypsum and HFSA. Fertilizers are marketed under some of the key brand names in the market ‘Jai Kisaan – Navratna’ and ‘Navratna’
Subscription Update:
| Category | Subscription (times) |
|---|---|
| QIB | 3.00 |
| NII | 0.74 |
| Retail | 1.34 |
| Total | 1.71 |
Retail Price Chart
| Lot | No of Share | Amt @cutoff |
|---|---|---|
| 1 | 350 | 14,700 |
| 2 | 700 | 29,400 |
| 3 | 1050 | 44,100 |
| 4 | 1400 | 58,800 |
| 5 | 1750 | 73,500 |
| 6 | 2100 | 88,200 |
| 7 | 2450 | 102,900 |
| 8 | 2800 | 117,600 |
| 9 | 3150 | 132,300 |
| 10 | 3500 | 147,000 |
| 11 | 3850 | 161,700 |
| 12 | 4200 | 176,400 |
| 13 | 4550 | 191,100 |
