Paradeep Phosphates Limited IPO
IPO Size
`1501.73Cr Cr
Price Band
`39-42 Per Share
Minimum Lot Size
350 Share
Face Value
`10 Per Share
Employee Discount
NA
Retail Allocation
35%
Issue Open Date
17 May 2022
Issue Close Date
19 May 2022
Listing Date
IPO Size
Price Band
Minimum Lot Size
Face Value
Employee Discount
Retail Allocation
Issue Open Date
Issue Close Date
Listing Date
Pradeep Phosphates is the third-largest private sector manufacturer of non-urea fertilizers in India and the second largest in terms of Di-Ammonium Phosphate (“DAP”) volume sales as of March 2021. The firm 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”) (namely NPK-10, NPK-12, and NP-20), Zypmite, Phosphogypsum and Hydroflorosilicic Acid (“HFSA”).
The firm’s fertilizers are marketed under some of the key brand names in the market ‘Jai Kisaan – Navratna’ and ‘Navratna’.The firm is part of the Adventz Group, as well as OCP.
The firm’s manufacturing facility 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 firm has received several leading awards and recognitions such as the 19th Greentech Safety Award 2020 for outstanding achievement in the category of industry sector safety excellence, etc.
| S.No. | Company | Directors | Promoters | |||
| Entity Name | By the Company | Against the Company | By the Director | Against the Director | By the Promoter | Against the Promoter |
| Criminal cases | 3 | 5 | 2 | - | 1 | 4 |
| Material civil cases | 6 | - | - | - | - | - |
| Taxation matters | - | 4 | - | - | 2 | - |
| Regulatory Proceedings | - | 2 | - | 1 | - | - |
| Income Statement(in Milllions) | FY21 | FY20 | FY19 |
| Gross Operating Income | 51,839.41 | 42,277.76 | 43,972.13 |
| Cost of Employee & Inventory | 1,391.90 | 1,319.28 | 1,305.78 |
| Other Expenses | 48,172.43 | 39,973.86 | 41,457.26 |
| EBITDA | 5,612.56 | 4,938.29 | 4,807.48 |
| Depreciation | 833.28 | 724.76 | 700.98 |
| Finance Cost | 1,114.25 | 1,917.91 | 1,592.53 |
| Profit Before Tax | 3,665.03 | 2,295.62 | 2,513.97 |
| Tax | 1,432.35 | 363.42 | 924.34 |
| Profit After Tax | 2,232.68 | 1,932.20 | 1,589.63 |
Zuari Maroc Phosphates Private Limited
• Coromandel International Ltd • Chambal Fertilizers Chemicals Ltd • Deepak Fertilizers and Petrochemicals Ltd
The proceeds from the sale of shares by shareholders worth Rs 497.73 crores will not go to the company.
The proceeds from the sale of fresh equity shares worth Rs 1004 crores will be utilized for the following: • Part-financing the acquisition of the Goa Facility. • Repayment/prepayment of certain of our borrowings. • General corporate purposes.