How to check the Paradeep Phosphates IPO allotment status?
When the allotment process is completed, you can check the status of your application on the Upstox app. Share allotment is generally done around five to six days after an IPO closes. This is also true in the case of the Paradeep Phosphates IPO.
The Paradeep Phosphates IPO’s closing date is 19 May 2022. The Paradeep Phosphates IPO’s allotment date has been set five days later, on 24 May 2022.
Here’s a step-by-step guide on how to check the Paradeep Phosphates IPO allotment status:
About Paradeep Phosphates IPO
In the early 2000s, the then state-owned fertiliser manufacturer Paradeep Phosphate was knee deep in a debt of ₹1,000 crore. It had also suffered losses worth ₹500 crore, despite the government writing off three loans.
Hence, in a bid to rescue the loss-making entity, the government decided to privatise it. The government sold off a majority stake to a KK Birla Group company in 2002. Since the change in the management, the company has scripted a complete turnaround.
Today, it is the second largest private sector manufacturer of non-urea fertilisers in India. Paradeep Phosphates is also the second largest private sector manufacturer of Di-Ammonium Phosphate (DAP) in terms of volume sales for the first nine months of FY22. Most importantly, it has demonstrated strong revenue and profit growth.
The company is primarily engaged in manufacturing, trading, distribution and sales of a variety of complex fertilisers such as DAP, three grades of Nitrogen-Phosphorus-Potassium (NPK), Zypmite, Phospho-gypsum and Hydroflorosilicic Acid. Some of the key brands of the company are Jai Kisaan – Navratna and Navratna.
The Paradeep Phosphates IPO is a combination of offer for sale (OFS) and fresh issue. As a part of OFS, the government is selling its 19.5% stake in the company. The proceeds from the fresh issue of Paradeep Phosphate Ltd IPO will be used for partially financing the acquisition of its Goa facility and repayment of debt.
Here are key details about the Paradeep Phosphates IPO:
Here’s a table highlighting the company's key financial metrics
Here’s a quick look at Paradeep Phosphates IPO’s strengths, risks and threats
Risks and threats
Paradeep Phosphates IPO details
| Paradeep Phosphates IPO date
The offer document filed by the company with the SEBI mentions that the Paradeep Phosphates IPO’s opening date – in other words, the Paradeep Phosphates IPO launch date – will be on 17 May 2022. The Paradeep Phosphates IPO closing date is 19 May 2022. After this, investors will be updated about the allotment status on 24 May 2022.
Investors, who have been allotted shares, can expect them to be credited in their demat account on 26 May 2022. The Paradeep Phosphates IPO listing date is 27 May 2022. The listing date is the date on which the shares of a company get listed on the bourses – NSE and BSE.
| Paradeep Phosphates IPO price band
The entire IPO is a book-built issue. The Paradeep Phosphates IPO price band has been set between ₹39 and ₹42 per share. Interested investors can choose a price within this band to apply for the IPO.
The Paradeep Phosphates IPO listing price will be determined on 27 May 2022. The listing price is the price at which the shares of a company make their debut on the stock exchanges.
| Paradeep Phosphates IPO lot size
The Paradeep Phosphates IPO details have been declared. The Paradeep Phosphates IPO lot size is set at 350 shares, and an investor can apply for a minimum of 1 lot. Individual investors applying under the retail category can only apply for up to 13 lots (4,550 shares). Meanwhile, the Paradeep Phosphates IPO issue size is ₹1,502 crore.
How to apply for the Paradeep Phosphates IPO?
If you are interested in this investment opportunity but unsure how to apply for the Paradeep Phosphates IPO, here we are listing out the steps for you.
Here’s a step-by-step guide on how to apply for the Paradeep Phosphates IPO on Upstox:
Open a demat account with Upstox to apply for the Paradeep Phosphates IPO
To apply for the Paradeep Phosphates IPO, you need to mandatorily have a demat account. A demat account helps you hold the shares you buy in a dematerialised format. If you don’t have a demat account yet, you can open one with Upstox by visiting our website or by downloading the app.
Here is a step-by-step guide on how to open a demat account with Upstox.
This is all it takes to open a demat account with Upstox. Easy and quick, right?
Upstox – trading app to apply for the Paradeep Phosphates IPO
Applying for IPOs with Upstox is extremely easy. The user-friendly interface and top-notch security make Upstox one of the leading trading apps in India.
You can apply for the Paradeep Phosphates IPO on Upstox, provided you have a demat account. As mentioned in the previous section, you can simply follow the steps to open a demat account with Upstox. The biggest advantage is that when you apply for an IPO using your Upstox account, the brokerage charges are zero.
In fact, courtesy of its robust features and minimal charges, Upstox is among the most preferred trading apps. Lakhs of Indians trust Upstox as it is a reliable trading platform that makes IPO applications easy.
You can pre-apply for the Paradeep Phosphates IPO from 16 May 2022. Once the IPO goes live, you will receive a UPI mandate. Accept this to block the IPO application amount and successfully place your bid.
The Paradeep Phosphates IPO launch date is 17 May 2022. The Paradeep Phosphates IPO will be open for subscription till 19 May 2022.
The Paradeep Phosphates IPO lot size is 350 shares and the minimum investment required is ₹13,650
The Paradeep Phosphates IPO price band is ₹39-₹42 per share.
The size of the Paradeep Phosphates IPO is ₹1502 crore.
You can place up to three bids for an application.
No, the bids have to be placed at one go. If you want to add an additional bid, then you would have to delete your application and re-apply.
Shares of Paradeep Phosphates will list on BSE and NSE.
Paradeep Phosphates shares listing date is 27 May 2022.