Paradeep Phosphates
Mainboard₹1,502 Cr issue
+3.69%
Listing gain over issue price
Issue size
₹1,502 Cr
1 lot at cut-off
₹14,700
Lot size
350shares
Open
17 May 2022
Close
19 May 2022
Allotment
24 May 2022
Listing
27 May 2022
Listing performance
Issue price
₹42
Listed at
₹43.55
Listing-day close
₹43.95
Latest price
₹133.57
Close on 23 Oct 2026
Listing gain
+3.69%
Return since issue
+218.02%
Scheduled dates
Tentative timetable — a past date is not confirmation the step completed
Issue details
- IPO date
- 17 May 2022 – 19 May 2022
- Listing date
- 27 May 2022
- Face value
- ₹10 per share
- Issue price
- ₹42 per share
- Lot size
- 350 shares
- Total issue size
- ₹1,502 Cr
- Market cap at offer price
- ₹3,421 Cr
- Promoter holding
- 100.00% → 70.65% pre-issue → post-issue
- ISIN
- INE088F01024
- Registrar
- MUFG Intime India Pvt.Ltd.
- Lead managers
- Axis Capital Ltd.
- Registered office
- 5 th Floor, Orissa State Handloom Weavers', Co-Operative Building, Pandit J.N Marg, Odisha
Reservation and application size
How the issue is split between investor categories, and what each may bid
| Investor category | Shares | % of net | % of total |
|---|---|---|---|
| Anchor investor · within QIB | 10,72,66,533 | — | — |
| Market maker | 0 | — | — |
Application size
Minimum 350 shares per lot, in multiples, at ₹42
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 350 | ₹14,700 |
| Retail (max) | 13 | 4,550 | ₹1,91,100 |
| S-HNI (min) | 14 | 4,900 | ₹2,05,800 |
| S-HNI (max) | 68 | 23,800 | ₹9,99,600 |
| B-HNI (min) | 69 | 24,150 | ₹10,14,300 |
Category limits
| Category | Bid size | Cut-off |
|---|---|---|
| Retail (RII) | Up to ₹2 lakh | Yes |
| Small HNI (sNII) | ₹2 lakh – ₹10 lakh | No |
| Big HNI (bNII) | Above ₹10 lakh | No |
| Employee | Up to ₹5 lakh | Yes |
Bidding at cut-off means accepting the final issue price without naming one. Only retail and employee applicants may do so.
Anchor investors
Institutional allocation placed a day before the issue opens, carved out of the QIB portion and locked in after listing.
Shares allocated
10,72,66,533
Anchor portion
₹451 Cr
at ₹42 per share
Valuation and performance
Valuation at offer price
₹42 per share
| Metric | Pre-issue | Post-issue |
|---|---|---|
| EPS (₹) | 3.88 | — |
| P/E (×) | 10.82 | — |
| Market cap | — | ₹3,421 Cr |
Key performance indicators
Latest reported period
- Return on net worth
- 12.22%
- PAT margin
- 4.30%
- NAV per share
- ₹31.76
Single period as reported. Year-on-year movement is in the financials table below, where every period is published.
About Paradeep Phosphates
Paradeep Phosphates Limited is the second largest private sector manufacturer of non-urea fertilizers in India and the second largest private sector manufacturer in terms of DAP volume sales as of nine months ended December 31, 2021. Incorporated in 1981, the company is primarily engaged in manufacturing, trading, distribution and sales of complex fertilizers such as DAP (Diammonium Phosphate), three grades of NPK (Nitrogen-Phosphorous-Potassium), Zypmite, Phospho-gypsum and HFSA (Hydroflorosilicic Acid). The company's fertilizers are marketed under key brand names 'Jai Kisaan – Navratna' and 'Navratna'. The company generates revenue from operations including government subsidies, with subsidy contributing significantly to revenue (34.39% for nine months ended December 31, 2021).
Company Analysis
from RHPParadeep Phosphates Limited manufactures and trades complex phosphatic and nitrogenous fertilizers including DAP, NPK, and specialty products, operating in the Indian fertilizer sector.
Paradeep Phosphates Limited is the second largest private sector manufacturer of non-urea fertilizers in India and the second largest private sector manufacturer in terms of DAP volume sales as of nine months ended December 31, 2021. Incorporated in 1981, the company is primarily engaged in manufacturing, trading, distribution and sales of complex fertilizers such as DAP (Diammonium Phosphate), three grades of NPK (Nitrogen-Phosphorous-Potassium), Zypmite, Phospho-gypsum and HFSA (Hydroflorosilicic Acid). The company's fertilizers are marketed under key brand names 'Jai Kisaan – Navratna' and 'Navratna'. The company generates revenue from operations including government subsidies, with subsidy contributing significantly to revenue (34.39% for nine months ended December 31, 2021).
Fertilizer manufacturingPhosphatic fertilizersComplex fertilizersAgriculture inputs
Objects of the Issue
- Part financing of the acquisition of the Goa Facility ₹5,200.00 million p.23
- Repayment/ prepayment of certain of our borrowings ₹3,000.00 million p.23
- General corporate purposes ₹1,431.51 million p.23
- Part-financing the acquisition of the Goa Facility ₹5,200.00 million p.92
- Repayment/prepayment of certain of our borrowings ₹3,000.00 million p.97
- General corporate purposes ₹1,431.51 million p.97
- Funding capex for increasing the annual granulation capacity of DAP and NPK production plant p.155
- Retrofitting a new Phosphoric acid production plant and installing a new evaporator p.155
- Part financing of the acquisition of the Goa Facility from the Net Proceeds ₹5,200.00 million p.100
- Repayment of borrowings ₹1,500.00 million (estimated) p.163
- General corporate purposes p.100
- Part-financing the acquisition of the Goa Facility US$ 280.00 million enterprise value p.179
- Repayment of borrowings and working capital requirements related to the acquisition of the Goa Facility p.226
- Funding acquisition of ZACL Fertilizer Business (manufacturing plants at Goa for Urea and NPK products) through proceeds of Initial Public Offering p.332
Issue Structure
- Total Issue
- ₹15,017.31 million
- Fresh Issue
- ₹10,040.00 million (239,047,619 Equity Shares)
- Offer for Sale
- ₹4,977.31 million (118,507,493 Equity Shares)
- Price Band
- ₹39 to ₹42 per Equity Share
- Lot Size
- 350 Equity Shares and in multiples of 350 Equity Shares thereafter
- Face Value
- ₹10 per Equity Share
Business Model
The company manufactures complex fertilizers at its facility in Paradeep, Odisha, and distributes them through a network of regional marketing offices and stock points across 14 states in India, serving approximately 4,761 dealers and over 67,150 retailers catering to over five million farmers. Revenue is generated from sales of fertilizers and government subsidies. The company is also acquiring the Goa Facility to expand into urea and NPK production.
Business Segments
Manufacturing and trading of DAP (Diammonium Phosphate), NPK (three grades), Zypmite, Phospho-gypsum and HFSA
Manufactures and sells diammonium phosphate (DAP) and phosphate-based products including NPK (nitrogen-phosphorus-potassium) fertilizers
Manufactures and sells urea and related nitrogen-based fertilizer products
Trades in MOP (muriate of potash) and manufactures potassium-based fertilizer products
Granulated, high quality, water-soluble complex mineral fertilizer containing 18% Ammoniacal Nitrogen and 46% Phosphate, suitable for all soil types and all crops
Multi-nutrient complex fertilizers containing Nitrogen, Phosphate and Potassium in various ratios, suitable for different crop types including sugarcane, potatoes, onions, oil seeds and pulses
Micronutrient mixtures, by-products and specialty chemicals: Zypmite improves soil fertility; Phospho-gypsum provides sulphur and calcium for alkaline soils; HFSA is used in aluminum processing
Distribution, trading and sales of Muriate of Potash (potassic fertilizer), Ammonia, Speciality Plant Nutrients, and City compost
Manufacturing and selling DAP and various grades of NPK fertilizers
Manufacturing and selling urea and ammonia
Manufacturing phosphoric acid and sulphuric acid for both captive use and sale
Manufacture and sale of DAP (di-ammonium phosphate) and NPK fertilizers in various grades (N-10, N-12, N-14, N-19, N-28)
Manufacture and sale of urea fertilizers under the New Urea Policy-2015
Manufacture and sale of MOP (muriate of potash)
The Company's business activity falls within a single primary Operating Segment comprising manufacture and trading of fertilizers including DAP, Complex Fertilizers, Zypmite and other trading materials.
Manufacturing and trading of Di-Ammonium Phosphate (DAP) and Complex Fertilizers of various NPK grades under the 'Navratna' brand for sale to farmers across India.
Trading of fertilizers, ammonia, neutralized phospho gypsum, micronutrients and other materials.
Manufacturing, trading and marketing of chemical fertilizers including Urea, DAP and various grades of NPK fertilizers. The division operates as a single business segment engaged in the business of manufacturing, trading and marketing of chemical fertilizers and fertilizer products.
Manufacture and sale of finished fertilizer products (Urea, DAP, NPK)
Import and sale of traded fertilizer products (IDAP, IMOP, Complex Fertilizers)
Manufacturing and sale of DAP complex fertilizer
Manufacturing and sale of three grades of NPK: NPK-10, NPK-12, and NP-20
Manufacturing and sale of Zypmite, Phospho-gypsum, Hydroflorosilicic Acid (HFSA)
Trading, distribution and sales of Muriate of Potash (MOP), Ammonia, Speciality Plant Nutrients (SPN) and City compost
SWOT Analysis
Strengths
- • Second largest private sector non-urea fertilizer manufacturer with significant DAP volume sales(p.22)
- • Strong brand portfolio and market presence across established geographies(p.22)
- • Established distribution network with broad retail reach(p.39)
- • Diversified product portfolio covering multiple fertilizer segments(p.22)
- • Diversified product portfolio with manufacturing capabilities(p.92)
- • Strategic location and integrated infrastructure of Goa Facility(p.92)
- • Established track record of operations(p.92)
- • Significant production capacity(p.92)
- • Second largest private phosphatic fertilizer manufacturer with significant integrated capacity(p.158)
- • Backward integration reduces raw material costs and supply uncertainty(p.159)
- • Strategic location with captive port facilities and integrated logistics infrastructure(p.160)
- • Certified manufacturing facility with robust safety and quality standards(p.160)
- • Extensive sales and distribution network with significant market reach(p.161)
- • Experienced management team with track record of operational improvement and growth(p.161)
- • Access to cost-effective phosphate rock supply through OCP relationship(p.163)
- • Significant unutilized land available for future expansion(p.160)
- • Backward integration with captive acid production(p.168)
- • Long-term raw material supply agreements ensuring stability(p.167)
- • Strategic port location with captive berth reducing logistics costs(p.169)
- • Substantial land reserves for future expansion(p.169)
- • High phosphoric acid production capacity utilization(p.168)
- • Extensive distribution network across 14 states(p.172)
- • Quality certifications and recognized R&D center(p.174)
- • Diversified product portfolio across phosphatic and urea fertilizers(p.218)
- • Government subsidy support mitigates raw material price volatility(p.215)
- • Low credit risk from government receivables(p.215)
- • Geographically diversified customer base reducing concentration risk(p.215)
- • Port-based manufacturing facility with integrated supply chain(p.276)
- • Diversified product portfolio across fertilizer grades and categories(p.276)
- • National brand recognition and market presence(p.276)
- • Strong upstream integration through international partnerships(p.276)
- • Dominant market presence with consolidated net assets of ₹21,887.92 million as of Dec 31, 2021(p.315)
- • Established fertilizer manufacturing and trading operations across multiple product lines (DAP, NPK, Urea)(p.332)
- • Strategic port location at Paradeep enabling efficient logistics and cost advantages(p.332)
- • Recognized brand presence in fertilizer market under 'Navratna' brand(p.332)
- • Diversified product portfolio in fertilizers(p.424)
- • Established manufacturing infrastructure and production capacity(p.425)
- • Long operational history and market presence(p.413)
- • Established manufacturing base with significant capacity and multi-decade brand presence in fertilizer sector(p.489)
- • Diversified product portfolio across Urea, DAP, MOP, and NPK complex fertilizers with integrated operations(p.440)
- • Access to government subsidies through established regulatory framework and direct benefit transfer mechanisms(p.468)
- • Significant government revenue base providing revenue stability(p.483)
- • Second-largest private sector non-urea fertilizer manufacturer in India with significant DAP volume market position(p.498)
- • Integrated backward production of phosphoric and sulphuric acids provides cost optimization and competitive advantage(p.498)
- • Strategic manufacturing location in Paradeep offers geographic advantages and freight subsidy benefits(p.501)
- • Extensive distribution network with 468 stock points, 4,761 dealers, and 67,150+ retailers across 14 states reaching 5 million farmers(p.501)
- • Strong financial performance with growing revenue and profitability over three-year period(p.498)
Weaknesses
- • Single manufacturing facility concentration before Goa acquisition(p.33)
- • Heavy dependence on limited number of raw material suppliers(p.40)
- • Substantial reliance on government subsidy for revenues(p.32)
- • Revenue concentration in limited geographic markets(p.36)
- • Substantial outstanding litigation across multiple fronts(p.35)
- • Goa Facility historically unprofitable with going concern doubts(p.34)
- • High reliance on imported raw materials subject to foreign exchange volatility(p.40)
- • High dependence on subsidy receivables from Government(p.48)
- • Significant trade receivables pending beyond standard terms(p.48)
- • High leverage with substantial debt obligations(p.49)
- • Restrictive covenants limiting operational flexibility(p.49)
- • High attrition rates at Goa Facility(p.48)
- • Negative credit rating outlook(p.48)
- • Limited geographic presence concentrated in Eastern India(p.161)
- • Dependence on few major customers and suppliers(p.159)
- • Significant capital intensity and ongoing expansion requirements(p.162)
- • High leverage and debt burden requiring capital for repayment(p.163)
- • High inventory dependency and working capital requirements(p.169)
- • Capacity underutilization in DAP and NPK production(p.168)
- • Negative credit rating outlook(p.176)
- • Dependence on concentrated customer base with government policy risk(p.172)
- • COVID-19 workforce constraints during production(p.171)
- • High leverage with significant current borrowings(p.272)
- • Substantial lease liabilities extending beyond 5 years(p.216)
- • Dependence on natural gas and imported raw materials(p.215)
- • Significant dependence on a few key raw material suppliers(p.307)
- • Unresolved land title issues with administrative delays(p.284)
- • Disputed subsidy payment withheld by Government of India(p.298)
- • Substantial contingent liabilities from pending tax disputes(p.298)
- • Multiple unresolved industrial and labour disputes(p.299)
- • Significant litigation and unresolved disputes affecting financial position including cargo charges tariff disputes(p.316)
- • Material uncertainty regarding going concern for acquired ZACL Fertilizer Division due to net current liability position(p.338)
- • ZACL Fertilizer Division operating at net current liability position of ₹10,214.75 million as of Dec 31, 2021(p.333)
- • Accumulated losses and profitability concerns in acquired fertilizer division with loss of ₹350.75 million for nine months ended Dec 31, 2021(p.343)
- • Contingent liabilities related to GST credit on input services of ₹981.65 million under dispute(p.333)
- • Negative owner's net investment position(p.420)
- • Significant accumulated losses(p.421)
- • High leverage and debt burden(p.421)
- • Working capital deficit and liquidity pressures(p.413)
- • Dependence on parent company for financing(p.425)
- • Plant shutdown history and production disruptions(p.413)
- • Litigation and regulatory disputes(p.383)
- • Large disputed/credit-impaired receivables(p.384)
- • Negative working capital position and sustained liquidity challenges from operational losses(p.489)
- • Significant accumulated losses and negative owner's net investment position(p.462)
- • High debt burden with significant finance costs impacting profitability(p.470)
- • Reliance on government subsidies for economic viability with subsidy amounts exceeding 50% of revenue(p.468)
- • High provision for expected credit losses and credit-impaired assets on trade receivables(p.461)
- • Plant shutdowns and operational disruptions affecting asset utilization(p.489)
- • High dependence on government fertilizer subsidies, comprising nearly half of total income(p.501)
- • Significant raw material costs representing majority of operating expenses with commodity price volatility exposure(p.501)
- • Exposure to substantial contingent liabilities including tax demands and subsidy withholding(p.519)
- • Multiple restrictive covenants in financing arrangements limiting corporate flexibility(p.496)
Opportunities
- • Expansion into urea segment through Goa Facility acquisition(p.34)
- • Growing Indian fertilizer demand driven by agricultural sector fundamentals(p.22)
- • Capacity expansion and integration with Goa Facility distribution network(p.39)
- • Expand product portfolio through Goa Facility acquisition(p.92)
- • Leverage IPO proceeds for growth and debt reduction(p.91)
- • Improve competitive position through scale(p.91)
- • Strong tailwinds from growing Indian phosphatic fertilizer demand and supportive policies(p.157)
- • Phosphatic fertilizers segment growing faster than urea with favorable NPK ratio improvements(p.157)
- • Goa Facility acquisition expands product portfolio and geographic reach into high-demand Western markets(p.163)
- • Opportunity to leverage combined scale and capture market share through cost advantages(p.162)
- • DAP and NPK complexes leading non-urea segment growth with multi-year tailwind(p.158)
- • Potential for margin expansion through brand bundling and product mix optimization(p.164)
- • Goa facility acquisition expanding product portfolio to Urea and additional NPK grades(p.181)
- • Planned DAP and NPK capacity expansion(p.169)
- • Farmer income enhancement through training programs(p.167)
- • Government subsidy support for fertilizer distribution(p.172)
- • Freight subsidy enabling cost-efficient distribution to remote areas(p.172)
- • Freight subsidy expansion through coastal shipping and inland waterways(p.218)
- • Special compensation for gas-based urea facilities meeting energy norms(p.218)
- • Regulatory support through nutrient-based subsidy policy encouraging fertilizer availability(p.217)
- • Expansion of phosphoric acid production capacity(p.285)
- • Enhanced DAP production through revamp initiatives(p.285)
- • Expansion of evaporator capacity for phosphoric acid(p.285)
- • International expansion through associate company in Myanmar(p.287)
- • Trading and value-added product lines(p.276)
- • Expansion through acquisition of ZACL Fertilizer Division manufacturing plants in Goa adding manufacturing capacity(p.327)
- • Geographic diversification with addition of Goa operations under Business Transfer Agreement to complement existing Odisha operations(p.332)
- • Capital infusion through IPO proceeds enabling debt reduction and operational improvements for combined entity(p.332)
- • Enhanced product portfolio with complementary product lines (Urea and NPK) to existing DAP and Complex Fertilizers offerings(p.332)
- • Government subsidy support for fertilizer sector(p.390)
- • Strong domestic demand for fertilizers(p.390)
- • Established brand recognition and distribution network(p.424)
- • Expansion potential through strategic business transfer and acquisition of operations by Paradeep Phosphates(p.489)
- • Potential for improved operations under new ownership with enhanced capital and operational efficiency(p.490)
- • Government policy support for fertilizer sector through regulated pricing and subsidy mechanisms(p.468)
- • Goa Facility acquisition to expand product portfolio and access high-demand markets of Maharashtra and Karnataka(p.498)
- • Opportunity to expand distribution network and product reach following Goa Facility integration(p.498)
- • Ability to adjust product mix toward higher value-added products for improved margins(p.500)
Threats
- • Agricultural sector dependence and performance volatility(p.31)
- • Cyclical nature and seasonal business variability(p.32)
- • Government policy changes affecting subsidies and agricultural incentives(p.32)
- • COVID-19 pandemic impacts on operations and supply chain(p.33)
- • Intense competition in fertilizer industry(p.44)
- • Raw material price volatility and foreign exchange exposure(p.40)
- • Regulatory and environmental compliance requirements(p.37)
- • Electricity, water and fuel availability constraints(p.41)
- • Shift from chemical to organic farming reducing demand(p.45)
- • Regulatory restrictions on inorganic fertilizer use(p.45)
- • Technology obsolescence risks(p.45)
- • Foreign exchange volatility affecting operations(p.45)
- • Intense competitive pressure from multinational corporations(p.45)
- • Labour disruptions and unionized workforce challenges(p.48)
- • Adverse effects of fertilizer overuse on soil health(p.48)
- • Climate change and related regulatory impacts(p.48)
- • Macroeconomic slowdown risks(p.53)
- • High dependence on government subsidy policy changes affecting profitability(p.142)
- • Vulnerability to monsoon variations impacting agricultural output and fertilizer demand(p.131)
- • Significant exposure to international raw material price volatility(p.130)
- • Intense competition from larger established players with broader geographic reach(p.151)
- • Regulatory risks from government capacity approval and policy controls(p.132)
- • Extended working capital cycles due to delayed government subsidy disbursements(p.142)
- • Volatility in raw material prices affecting margins(p.188)
- • Risk of government subsidy delays impacting operations(p.172)
- • Weather dependency and monsoon variability affecting demand(p.188)
- • Highly fragmented and competitive fertilizer industry(p.175)
- • Equipment hazards and catastrophic event exposure(p.176)
- • Regulatory and licensing compliance requirements(p.173)
- • Uncertainty from ongoing COVID-19 pandemic impacts(p.171)
- • Business cyclicality and seasonal variations in fertilizer demand(p.216)
- • High competitive fragmentation in Indian fertilizer industry(p.216)
- • Foreign exchange risk exposure(p.215)
- • Interest rate risk affecting financial costs(p.215)
- • Commodity price volatility for natural gas and imported materials(p.215)
- • Price regulation by Government limiting retail pricing flexibility(p.217)
- • Exposure to global commodity price volatility in raw materials(p.313)
- • Dependency on government subsidy policy for profitability(p.296)
- • Foreign exchange risk on imported raw materials and borrowings(p.314)
- • Interest rate volatility affecting financing costs(p.313)
- • Regulatory and tax uncertainty from multiple pending demands(p.298)
- • Regulatory and subsidy policy uncertainties affecting fertilizer pricing and profitability due to Government of India subsidy schemes(p.362)
- • Unresolved pending approvals from lenders and vendors for completing business transfer creating transaction uncertainty(p.333)
- • External litigation risk including GST disputes with High Court proceedings potentially impacting receivables(p.324)
- • Natural disaster and operational disruption risks evidenced by cyclone damage to ZACL plants in May 2021(p.333)
- • Raw material supply constraints and availability risks affecting plant operations(p.333)
- • Commodity price volatility for raw materials(p.411)
- • Foreign exchange fluctuation risk(p.422)
- • Government policy changes on subsidies(p.411)
- • Regulatory and tax compliance challenges(p.402)
- • Natural disasters affecting operations(p.413)
- • Input material availability and supply chain risks(p.413)
- • Volatility in commodity prices for imported raw materials (DAP, MOP, ammonia, potash) affecting costs(p.487)
- • Dependence on natural gas availability and pricing subject to international commodity cycles(p.487)
- • Foreign exchange risk from imported raw materials and international pricing exposure(p.486)
- • Regulatory risk related to subsidy claims and government policy changes on fertilizer pricing(p.489)
- • Credit risk from government subsidy delays affecting working capital and cash flows(p.489)
- • Business highly sensitive to monsoon patterns and seasonal agricultural cycles affecting fertilizer demand(p.501)
- • Vulnerability to adverse weather conditions and their impact on farmer purchasing decisions(p.501)
- • Exposure to government policy changes on agricultural subsidies and regulations(p.501)
- • Risk from farmer protests and agricultural law implementation affecting fertilizer demand(p.502)
- • Commodity price volatility of raw materials not fully offset by production lag in price transmission(p.501)
Promoters
| Name | Role | Pre-Issue | Post-Issue |
|---|---|---|---|
| ZUARI MAROC PHOSPHATES PRIVATE LIMITED | Promoter | 80.45% | — |
| ZUARI AGRO CHEMICALS LIMITED | Promoter | — | — |
| OCP S.A | Promoter | — | — |
| THE PRESIDENT OF INDIA, ACTING THROUGH THE DEPARTMENT OF FERTILIZERS, MINISTRY OF CHEMICALS AND FERTILIZERS, GOVERNMENT OF INDIA | Promoter (selling entire holding) | 19.55% | — |
| Zuari Maroc Phosphates Private Limited (ZMPPL) | Promoter | 80.45% | 56.84% |
| Government of India (GoI) | Promoter | 19.55% | 13.81% |
| Zuari Maroc Phosphates Private Limited (ZMPPL) | Promoter | 80.45% | — |
| Government of India | Promoter | 19.55% | — |
| Adventz Group | Promoter Group | — | — |
| Zuari Maroc Phosphates Private Limited (ZMPPL) | Promoter | 80.45% | — |
| Zuari Agro Chemicals Limited (ZACL) | Promoter | — | — |
| OCP, S.A. | Promoter | — | — |
| President of India, acting through the Ministry of Chemicals and Fertilizers, Government of India | Promoter | 19.55% | — |
| Zuari Maroc Phosphates Private Limited (ZMPPL) | Holding Company / Promoter | 80.45% | — |
| President of India - Government of India (GOI) | Promoter | 19.55% | — |
| Zuari Maroc Phosphates Private Limited (ZMPPL) | Promoter Group | 40.23% | — |
| Zuari Maroc Phosphates Private Limited (ZMPPL) | Promoter Group | 80.45% | — |
| Government of India | Promoter | 19.55% | — |
| Government of India (President of India, acting through the Department of Fertilizers, Ministry of Chemicals and Fertilizers) | GoI Selling Shareholder and Promoter | — | — |
| Zuari Maroc Phosphates Private Limited (ZMPPL) | Promoter Selling Shareholder | — | — |
Auto-extracted from the company's RHP using AI, with each fact linked to its source passage (hover any row to see the quote & page). Provided for research only, not investment advice — verify against the official RHP before relying on it.
Paradeep Phosphates IPO FAQs
What is the lot size of Paradeep Phosphates IPO?
The minimum lot size of Paradeep Phosphates IPO is 350 shares. One lot costs ₹14,700 at the cut-off price.
When does Paradeep Phosphates IPO open and close?
Paradeep Phosphates IPO opened for subscription on 17 May 2022 and closed on 19 May 2022.
What is the listing date of Paradeep Phosphates IPO?
Paradeep Phosphates IPO listed on 27 May 2022.