Paradeep Phosphates IPO

Paradeep Phosphates IPO | Review

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Paradeep Phosphates Limited has come up with an initial public offer (IPO). It will open on May 17-19, 2022 at Rs.39-42 a share. The IPO issue size is around Rs.1,502 crore. The minimum bid will be for 350 shares and in its multiples thereafter.


Paradeep Phosphates Limited was incorporated in 1981. It is the 2nd largest private sector manufacturer of non-urea fertilizers in India. It is also 2nd largest private-sector manufacturer in terms of Di-Ammonium Phosphate (“DAP”) for December 31, 2021. The company is primarily engaged in manufacturing, trading, distribution, and sales of a variety of complex fertilizers such as DAP, three grades of Nitrogen-Phosphorus-Potassium (“NPK”), Zypmite, Phospho-gypsum and Hydrofluorosilicic Acid (“HFSA”). It is also engaged in the trading, distribution, and sales of Muriate of Potash (“MOP”), Ammonia, Speciality Plant Nutrients (“SPN”), and City compost. Our fertilizers are marketed under some of the key brand names in the market ‘Jai Kisaan – Navratna’ and ‘Navratna’.

The company’s manufacturing facility is located in Paradeep, Odisha, and includes a DAP and NPK production facility. It has established an extensive sales and distribution network. Its product’s distribution is across 14 states in India through 11 regional marketing offices and 468 stock points. Currently, the company has a network of 4,761 dealers and 67,150 retailers, catering to over five million farmers in India. The company sources its raw materials Phosphate Rock, Phosphoric acid, Sulphur, Ammonia, and MOP locally & from various other countries such as Morocco, Jordan, Qatar, and Saudi Arabia.


Zuari Maroc Phosphates Private LimitedZuari Agro Chemicals Limited
OCP (Office Chérifien des Phosphates)President of India, GoI

Promoter Holding

Pre-Issue Shareholding – 100%Post-Issue Shareholding – 

Strength & Weakness

Favorable Indian fertilizer industryDependent on the agricultural sector
Experienced management team Business is subject to climatic conditions
Driving efficiency through backward integrationBusiness is cyclical in nature
Secure and certified manufacturing facilityFertiliser industry in India is a regulated
Established brand nameDependent on a limited no. of suppliers
Extensive sales and distribution networkNegative cash flows in the past
2nd largest manufacturer of Phosphatic fertilizerIntensely competitive industry


Chambal FertilisersDeepak FertilisersGNFC
Rama Phosphates Ltd.Coromandel InternationalTata Chemicals

Company Financials

YearRevenue (in Crore)Profit (in Crore)

Object of Issue

1) Part-financing the acquisition of the Goa Facility

2) Repayment/prepayment of certain of our borrowings.

3) General corporate purposes.

Paradeep Phosphates IPO Lot Size


Paradeep Phosphates IPO Details

IPO Opening Date May 17, 2022
IPO Closing Date May 19, 2022
Face Value Rs.10 per Equity Share
IPO Price Rs.39-42 per share
Market Lot 350 shares
Minimum Order Quantity 350 shares
Listing At NSE, BSE
No. of shares offered (OFS)1,18,507,493 shares
Issue Size Up to Rs.1,502 Crore
QIB Shares Offered 50% of the offer
Retail Shares Offered 35% of the offer 
NII/HNI Shares Offered 15% of the offer 

Paradeep Phosphates IPO Timetable

IPO DateMay 17-19, 2022
Allotment DateMay 24, 2022
Initiation of RefundsMay 25, 2022
Credit of share to Demat a/cMay 26, 2022
IPO Listing DateMay 27, 2022

Allotment Status

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About the author

Shankar Awale

Hey! I am Shankar Awale an aspiring blogger with an obsession for all things of Finance. This blog is dedicated to help people to learn about Financial Knowledge in easy language.

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