Groww Logo
Home>IPO>Paradeep Phosphates Ltd.

Paradeep Phosphates IPO

Paradeep Phosphates Ltd.

₹13,650 /350 sharesMinimum Investment

Paradeep Phosphates IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
17 May '22 - 19 May '22₹13,650350₹39 - ₹42
Issue SizeIPO Doc
1501.00Cr
RHP PDF

Subscription Status As on 19 May '22, 5:00 PM

  • Retail Individual Investor
    1.37x
  • Non-Institutional Investor
    0.82x
  • Qualified Institutional Buyers
    3.01x
  • Total
    1.75x

About Paradeep Phosphates

Paradeep Phosphates is ​​the third-largest private-sector manufacturer of non-urea fertilizers in India (Source: CRISIL
Parent Organisation
Paradeep Phosphates Ltd.
Founded
1981
Managing Director
Narayanan Suresh Krishnan

Strengths & Risks

  • Industry with rising demand supported by government subsidies and regulations.
  • Second largest manufacturer of Phosphatic fertilizers in India (as per CRISIL report*).
  • The second-largest backward integrated manufacturer in the private sector with Phosphoric acid capacity in India, accounting for approximately 14% of the total domestic installed capacity of Phosphoric acid in India (as per CRISIL report*).
  • Long-term relations with suppliers.
  • Secure and certified manufacturing facility and infrastructure and unutilized land available for expansion.
  • Manufacturing facility located near the Paradeep port, where the company owns a captive berth with 14 meters draft with facilities to unload solid and liquid cargo.
  • Established brand name backed by an extensive sales and distribution network.
  • Any developments affecting the performance of the agricultural sector are likely to affect the business.
  • The business is subject to climatic conditions and is cyclical in nature.
  • Any change in government policies towards the agriculture sector or a reduction in subsidies and incentives provided to farmers could adversely affect the business.
  • The company currently has only one manufacturing facility located in Paradeep, Odisha.
  • There are outstanding litigations involving the company, its promoters, and its directors.
  • Significant portion of revenues in the past has been derived from a limited number of states, namely Maharashtra, Uttar Pradesh, and Odisha.
  • The company is dependent on a limited number of suppliers to supply key raw materials and any delay in the supply may adversely affect the business.
  • The company has in the past entered into related party transactions and will continue to do so in the future - there is no assurance that the company could not have achieved more favorable terms if such transactions had not been entered into with related parties.
  • Intensely competitive industry.
  • As of March 31, 2021, the company had consolidated total borrowings of Rs 1251.17 crore - the lenders of the company have imposed certain restrictive conditions on it under the financing agreements.

Financials

*All values are in Rs. Cr
No Graph Data To Display
ⓒ 2016-2022 Groww. All rights reserved, Built with in India
MOST POPULAR ON GROWWVERSION - 2.4.0
STOCK MARKET INDICES:  S&P BSE SENSEX |  S&P BSE 100 |  NIFTY 100 |  NIFTY 50 |  NIFTY MIDCAP 100 |  NIFTY BANK |  NIFTY NEXT 50
MUTUAL FUNDS COMPANIES:  ICICI PRUDENTIAL |  HDFC |  NIPPON INDIA |  ADITYA BIRLA SUN LIFE |  SBI |  UTI |  FRANKLIN TEMPLETON |  KOTAK MAHINDRA |  IDFC |  DSP |  AXIS |  TATA |  L&T |  SUNDARAM |  PGIM |  INVESCO |  LIC |  JM FINANCIAL |  BARODA PIONEER |  CANARA ROBECO |  HSBC |  IDBI |  INDIABULLS |  MOTILAL OSWAL |  BNP PARIBAS |  MIRAE ASSET |  PRINCIPAL |  BOI AXA |  UNION KBC |  TAURUS |  EDELWEISS |  NAVI |  MAHINDRA |  QUANTUM |  PPFAS |  IIFL |  Quant |  SHRIRAM |  SAHARA |  ITI

ABOUT GROWW