Paradeep Phosphates Limited IPO

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Paradeep Phosphates Limited IPO

Business 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.

Company Financials

Summary of financial Information (Restated Consolidated)

Particulars

For the year/period ended (₹ in million)

 

31-Dec-21

31-Mar-21

31-Mar-20                 31-Mar-19


Total Assets

71826.67

44,231.67

50,103.25                56,276.28


Total Revenue

59,736.88

51,839.41

42,277.76               43,972.13


Profit After Tax

3,627.84

2,232.68

1,932.20                 1,589.63


IPO Details

Issue Type

Book Built Issue IPO

Face Value

₹10 per equity share

IPO Price

₹39 to ₹42 per equity share

Market Lot

350 Shares

Min Order Quantity

350 Shares

Listing At

BSE, NSE

Issue Size

[.] Eq Shares of ₹10 (aggregating up to ₹1,501.73Cr)

Fresh Issue

[.] Eq Shares of ₹10 (aggregating up to ₹1,004.00Cr)



IPO Open Date

MAY 17, 2022

IPO Close Date

MAY 19, 2022

Basis of Allotment Date

MAY 24, 2022

Initiation of Refunds

MAY 25, 2022

Credit of Shares to Demat Account

MAY 26, 2022

IPO Listing Date

MAY 27, 2022

IPO Bid Details:

BID LOT

350

700

1050

1400

1750

2100

2450

AMOUNT

14700

29400

44,100

58800

73500

88200

102900

BID LOT

2800

3150

3500

3850

4200

4550

AMOUNT

117600

132300

147000

161700

176400

191100