Paradeep Phosphates IPO: If you have a plan to invest money in the stock market tomorrow or you have also missed investing in IPO News, then Paradeep Phosphates, a non-urea fertilizer company, is bringing an opportunity for you to earn. . The company’s IPO will be open for subscription on May 17 i.e. tomorrow. The company is planning to raise Rs 1502 crore through this IPO.
1004 crore new shares will be issued
Let us tell you that under this issue, new shares worth Rs 1004 crore will be issued and the remaining shares will be issued under the Offer for Sale (OFS) window. It is the second largest non-urea and DAP manufacturer in the country. The company sells its products in the market under the brand names of Jai Kisan-Navratna and Navratna.
Let’s check the details of IPO-
- Paradeep Phosphates IPO
- When will it be open – 17 May 2022
- When will it be closed – 19 May 2022
- Price Band – Rs 39 – 42 per share
- Minimum investment – Rs 13,650
- Lot Size – 350 Shares
- Issue Size – 1501 Crore
Who will be the lead managers of the company?
Let us tell you that the list of Lead Managers of the company includes Axis Capital, ICICI Securities, JM Financial Consultants Pvt and SBI Capital Markets and the names of Registrar Link Intime India Pvt.
When can allotment and listing take place?
It is believed that the allotment of shares of the company can be done on May 24. At the same time, listing is expected in the market on May 27.
Where will the funds be used?
Let us tell you that the company will finance some part of the acquisition of Goa Facility through this money. Along with this, the money will be used to pay off the debt and settle the corporate work.
Disclaimer: The information provided here is being given for informational purposes only. It is important to mention here that investing in the market is subject to market risks. Always consult an expert before investing money as an investor. It is never advised to invest any money from ABPLive.com here.
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