Paradeep Phosphates, Zuari Agro-Chemical compounds backed firm, has introduced a value band for its Rs 1,502 crore IPO, at Rs 39-42 apiece. The problem will open for subscription on 17 Might and shut on 19 Might, whereas the anchor investor bids will open on Friday, 13 Might. The general public concern consists of a contemporary concern of shares price Rs 1,004 crore whereas an offer-for-sale of as much as 11.85 crore shares by present shareholders and promoters. As a part of the OFS, promoting shareholders — Zuari Maroc Phosphates Pvt Ltd (ZMPPL) will offload 60.18 lakh fairness shares and Authorities of India will promote as much as 11.24 crore fairness shares.

Buyers can bid for lots of 350 shares, and in multiples thereafter. As much as 50 per cent of the online supply can be reserved for Certified Institutional Patrons (QIBs), 15 per cent for Non-Institutional Buyers (NIIs), and remaining 35 per cent for retail traders. The shares are more likely to record on BSE and Nationwide Inventory Alternate (NSE) on 27 Might 2022.

Axis Capital, ICICI Securities, JM Monetary and SBI Capital Markets are the ebook working lead managers to the problem. Hyperlink Intime India Personal Ltd would be the registrar to the problem. Upon profitable itemizing in inventory exchanges, Paradeep Phosphates will be part of the likes of Coromandel Worldwide, Chambal Fertilizers Chemical compounds, and Deepak Fertilizers and Petrochemicals. The common business peer group P/E ratio stands at 15.73x. The agency intends to utilise the proceeds from the contemporary concern in direction of part-financing the acquisition of a Goa facility and reimbursement and prepayment of sure of its borrowings.

Axis Capital, in an IPO be aware, mentioned that Paradeep Phosphates is the second largest personal sector producer of non-urea fertilizers in India and 2nd largest by way of Di-Ammonium Phosphate (DAP) quantity gross sales for the 9 months ended December 31, 2021. It’s primarily engaged in manufacturing, buying and selling, distribution and gross sales of a wide range of advanced fertilizers akin to DAP, three grades of NitrogenPhosphorus-Potassium (NPK) (specifically NPK-10, NPK-12 and NP-20), Zypmite, Phospho-gypsum and Hydroflorosilicic Acid (HFSA). Paradeep Phosphates can also be engaged within the buying and selling, distribution and gross sales of Muriate of Potash (MOP), Ammonia, Speciality Plant Vitamins (SPN) and Metropolis compost. Their fertilizers are marketed beneath a few of the key model names available in the market ‘Jai Kisaan – Navratna’ and ‘Navratna’. 

Paradeep Phosphate’s manufacturing facility is situated in Paradeep, Odisha and features a DAP and NPK manufacturing facility, a Sulphuric acid manufacturing plant and a Phosphoric acid manufacturing plant. As well as, the plant has 3 operational concentrators to pay attention weak Phosphoric acid into sturdy Phosphoric acid.

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