Paradeep Phosphates IPO Opens Today: Know GMP, Financials, Reviews; Should You Buy?

Paradeep Phosphate IPO: Initial Public Offering (IPO) for the second largest Non-Uea fertilizer manufacturer in India and is ammonium phosphate (DAP) in the private sector, Paradeep Phosphate Ltd., opened to subscribe today. The fertilizer company will open the initial public offering (IPO) on May 17 and will be closed on May 19. The IPO consists of new problems from shares worth RS 1,501 Crore and offers for sales of 11.85 crore shares by promoters and shareholders from the company.

Paradeep Phosphates IPO: Band Price

The price band has been set at RS 39-42 per share. Ahead of the opening of the IPO, the Phosphate Paradeep fertilizer company has collected a little more than RS 450 Crore from an investor anchor in RS 42 each. Goldman Sachs, BNP Paribas Arbitrage, Kuker India Fund, Copthall Mauritius Investment and Societe Generale are among the anchor investors.

Paradeep Phosphate IPO: Purpose

The results of fresh problems (RS 1,000 Crore) will be used to finance a portion of the acquisition of fertilizer manufacturing facilities in Goa and debt payments and the general purpose of the company.

Paradeep Phosphate IPO: Lot size

The offer can be made for a minimum of 350 equity shares and in multiples of 350 equity shares afterwards.

Paradeep Phosphates IPO: Finance

According to the Securities box, Paradeep Phosphate has an established track record in providing strong financial performance. Total revenue for nine months ended December 31, 2021, and financial year 2021, 2020 and 2019 are RS 5973.69 Cr, RS 5183.94 Cr, RS 4227.78 Cr, and RS 4397.21 Cr, each , temporary

Profit for the period/year is RS 362.78 Crore, Rs 223.27 Crore, Rs 193.22 Cr and RS 158.96 Crore, respectively. Ebitda for nine months ended December 31, 2021 and the financial year 2021, 2020 and 2019 were RS 593.06 CR, RS 561,26 CR, RS 493.83 CR and RS 480.75 CR, respectively.

Paradeep Phosphate IPO: GMP Today

The company’s shares demanded the premium of RS 3 per share in the gray -bu market, which is 10 percent of the price price. The gray market is an unofficial market where shares are traded before being offered or registered.

Paradeep Phosphate IPO: Should you subscribe?

Broking options have a subscription rating for this problem. “In the band the price of the hospital is higher. 42, PPL demands a multiple of FY21 EV/sales of 0.7x, which gets a significant discount for an average of 1.1x. Considering the above observations, we set a “subscription” ranking for this problem, “said the broker in a note.

Angel One brokerage company has a neutral ranking about this problem. “In terms of assessment, stocks will trade in the Post -Edition P/E multiple of 15.3XFY2021 EPS (at the top end of the pricing of the problem), which is in line with other players such as chambal fertilizer and fertilizer even though they may not be very comparable. Considering the fact that the company is valued in line with colleagues and tends to face headwinds in terms of cost pressure due to rising prices for new raw materials, we recommend a neutral rating on this problem. “

Paradeep Phosphates IPO: about the company

Paradeep phosphate is mainly involved in manufacturing, trade, distribution and sales of various complex fertilizers such as in the ammonium phosphate (DAP) and NPK fertilizer. Paradeep Phosphate Limited (PPL) is the second largest private sector producer of non -regional fertilizer in India and the second largest private sector producer in terms of sales of volume DAP for nine months ending on December 31, 2021. The fertilizer is marketed under several names Main in the market – ‘Jai Kisaan – Navratna’ and ‘Navratna.