Company Profile
Paradeep Phosphates Ltd is the country’s second-largest
manufacturer of non-urea fertilizers and Di-Ammonium Phosphate (DAP) in the
private sector as of Dec 31, 2021 w.r.t. its sales volume. The company Paradeep
Phosphates started its business in 1981 in manufacturing, trading,
distributing, and sales of various fertilizers like DAP,
Nitrogen-Phosphorus-Potassium, Zypmite, Phosphor-gypsum & Hydroflorosilicic
Acid.
Further, the company’s manufacturing facility is located in 2
places namely Paradeep & Odisha. It also includes DAP & NPK production
facility, Sulphuric Acid production plant & phosphoric acid production
plant.
Business Information
As of March 31, 2022, the networking of the company is currently
delivering in 14 states via 14 regional marketing offices & 468 stock
points including 4.761 dealers and 67,150 retailers. Also, the company’s
fertilizer products are marketed with the brand name Jai Kisaan Navratna &
Navratna. The manufacturing facility of Paradeep Phosphates 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.
Facts about the Company
PPL is India’s third-largest
producer of non-urea fertilizer.
It is also the second-largest
producer of DAP in the country in the private sector
The company supplies
fertilizers to almost 5 million farmers in India.
The raw material is exported
from various countries like Morocco, Jordan, Qatar, and Saudi Arabia.
The company has also received
great rewards and recognition in terms of maintaining the environment and being
efficient in conducting various practices to secure the mother earth.
Points to note before investing in Paradeep Phosphates Ltd IPO
The company is well-positioned
in terms of preserving the environment as per the government guidelines and is
appreciated in the industry as well.
It focuses on having an
efficient supply of raw materials and well-versed integration of sourcing with
facilities.
The company currently is having
secured and certified manufacturing unit and the area to expand themselves as
and when they want to grow their plant.
It also has set up its units,
ports & storage houses strategically to provide resources to the businesses.
Also, PPL is backed strongly by
its robust sales and distribution network which helps it market its products
really well.
The company has shown strong
numbers in revenue, has a good market share, a team of experienced
professionals, and a good shareholder base.
Objective of the IPO
The company’s motive to launch its IPO is
To partly finance the
acquisition of the fertilizer manufacturing facility in Goa.
For payment of debt.
General corporate purposes.
Benefits of the IPO
The Qualified Institutional
Investors can hold not more than 50% of the net offer, the retail investors can
hold not more than 35% and the NII (HNI) can hold up to 15% of the net offer.
Opening Date | May 17, 2022 |
Closing Date | May 19, 2022 |
Issue Type | Book Built Issue IPO |
Face Value | ₹10 Per Equity Share |
Issue Price | ₹39-42 Per Equity Share |
Lot Size | 350 Shares |
IPO Price | ₹1502 Cr |
Listing At | NSE, BSE |
Allotment, Listing & Refund
Details
Finalization of Basis of Allotment | May 24, 2022 |
Initiation of Refunds | May 25, 2022 |
Credit of Equity Shares | May 26, 2022 |
Listing Date | May 27, 2022 |
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