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


Retail Allocation


Issue Open Date

17 May 2022

Issue Close Date

19 May 2022

Listing Date

27 May 2022

About the company:

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.

Outstanding Litigation:

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 - -

Financial Statements:

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

Promoter of the Company

Zuari Maroc Phosphates Private Limited

Peer Comparison

• Coromandel International Ltd • Chambal Fertilizers Chemicals Ltd • Deepak Fertilizers and Petrochemicals Ltd

Objectives of the Issue

Offer for Sale

The proceeds from the sale of shares by shareholders worth Rs 497.73 crores will not go to the company.

Fresh Issue

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.

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