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Paradeep Phosphates Ltd Company Overview

Paradeep Phosphates is the third largest private sector manufacturers of non-urea fertilizers in India and second largest in terms of DAP volume sales as of March 2021 (Source: CRISIL Report and Company DRHP).

Primarily engaged in manufacturing, trading, distribution and sales of a variety of complex fertilizers such as DAP.

The company's fertilizers are marketed under some of the key brand names in the market 'Jai Kisaan – Navratna' and 'Navratna'

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Strengths & Risks associated

Top 0 Strengths

  • 1

    Second largest manufacturer of Phosphatic fertilizers in India

    Among private sector entities with a focus on the non-urea segment, Paradeep Phosphates is the second largest in terms of phosphatic fertilizer (DAP and NPK complexes) capacity, as of March 31, 2021. (Source: CRISIL Report).

  • 2

    Strategic location of our manufacturing facility and sizeable material storage, handling and port facilities

    The company's manufacturing facility is strategically located near the Paradeep port, where they own a captive berth with 14 meters draft with facilities to unload solid and liquid cargo.

  • 3

    Driving raw material efficiency through backward integration of facilities and effective sourcing

    Among the private sector entities, the second largest backward integrated fertilizer manufacturing facility in India as of March 2021. (Source: CRISIL Report and Company DRHP).

Top 0 risks

  • 1

    Dependent on the performance of the agricultural sector in which fertilizers are used

    The performance of the agricultural sector and consequently the demand for fertilizers and other products, is dependent on area under cultivation, soil quality, climatic conditions etc, all of which are beyond control.

  • 2

    Changes in Government policies towards the agriculture sector could adversely affect business

    Policies relating to the agriculture sector such as the reduction of Government expenditure, the withdrawal of or changes in incentives and subsidies or minimum support prices could affect the ability of farmers to spend on fertilizers.

Financials

  • Net Worth
  • Total Income
  • Total assets
  • Net cash inflows/(outflows)
  • Total borrowings
  • Basic Earning per Share (EPS)
  • Profit/Loss

Net Worth

Total Income

Total assets

Net cash inflows/(outflows)

Total borrowings

Basic Earning per Share (EPS)

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Past performance of IPOs

Steps to Apply

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FAQs

An Initial Public Offering (IPO) is when a company issues common stock or shares to the public for the first time. It is the process where a privately held company becomes a publicly traded company with the initial sale of its stock. An IPO is a tool that companies use to secure capital through investments for future use. In most instances, this investment is used to expand or improve the business.

A price band is a price floor and a cap between which a seller will let buyers place bids on a security, usually during an initial public offering (IPO).

Minimum Order Quantity, as name says, is the minimum number of shares investors can apply while bidding in an IPO. If investors want to bid for more shares, they can apply in multiples of IPO market lot (lot Size or IPO bid lot) of shares.

If an investor wants to place bids for less than Rs.2 lacs, he needs to apply in the Retail segment. If an investor wants to bid for more than Rs.2 lacs, he needs to apply in the HNI segment.

Cut-off price is the offer price, finalized by a company in consultation with the book running lead managers (BRLMs), which could be any price within the price band. Applying on Cut-off price means the investor is ready to pay whatever price is decided by the company at the end of the book-building process.

When applying at a cut-off price, an investor has to pay the highest price while placing the bid. If a company decides the final price lower than the highest price asked for IPO, the remaining amount is returned to the retail investor.

An investor can apply in all Mainboard IPOs through ICICIdirect. However, if the investor wants to apply in SME IPOs, he/she can do it through the net banking portal of ICICI Bank.

ASBA stands for "Applications Supported by Blocked Accounts". At the time of bidding, investors’ account is blocked to the extent of the bid amount and debited only at the time of allotment. This facility is being offered by ICICIDirect in affiliation with ICICI Bank Limited.

In other payment options, the bid amount is debited when investors’ bid application is placed with the stock exchanges. Under the ASBA process, the amount will be debited from investors’ bank account to the extent of successful allotment at the time of allotment. Until such allotment, the amount will remain blocked in investors’ bank account.

Application under this facility can be placed only for Book Built Public Issues.

An investor can place maximum of 3 bids in an issue.

The investor with Demat account in ICICIdirect can apply in an IPO by logging in to his ICICIdirect Account. The investor needs to select IPO and then the name of the IPO in which he would like to apply. Given below is the path:

Login to ICICIdirect account >> IPO >> Name of IPO

Investor can apply in the retail section of an IPO through iDirect Portal even if he has a 2-in-1 account (Demat, Trading Accounts) with us and Bank account with third party.

Yes, the investor can revise or withdraw the bids after application. It can be done only once the order is executed. The investor needs to go to the IPO Order Book and select the Transaction Id and then click on Withdraw Application/ Revise Bid. The application in the non- institutional category cannot be withdrawn but can only be revised.

However, this needs to be done during the issue itself and cannot be done after the issue is closed. In case of ASBA applications, for upward revision of bid, additional lien will be marked to the extent of incremental amount. However, in case of downward revision, differential money blocked earlier will not be released. Such amount, if any, will be released after allotment

No, one person cannot apply multiple times with same Demat/PAN for an IPO. If an investor applies in an IPO though multiple applications with same Demat account or same PAN Number, his applications will be rejected.

If an investor would like to place order for multiple applications, he/she can apply with his/her family member's name. But, all eligible family members should have a Demat account and a PAN number.

In cases where issue is over-subscribed, bidding for more than 1 lot from the same account doesn’t help as maximum of only 1 lot can be provided against each application. However, if the investor applies for 1 lot from different accounts, the probability of allocation of shares increases.