Paradeep Phosphates Limited IPO
Paradeep Phosphates Limited was a mainboard IPO in the Fertilizers sector, offered at ₹39–₹42 per share to raise ₹1,502 crore. The issue was subscribed 1.75× overall (QIBs 3.01×, NIIs 0.82×, retail 1.37×). It listed on 27 May 2022 at ₹44 and closed its first day at ₹44, a listing gain of +4.5% versus the ₹42 issue price. It now trades around ₹129 (+207.4% versus the issue price).
Frequently asked questions
- How many times was the Paradeep Phosphates Limited IPO subscribed?
- The Paradeep Phosphates Limited IPO was subscribed 1.75× overall — 3.01× in the QIB category, 0.82× among non-institutional investors, 1.37× in retail.
- What were the Paradeep Phosphates Limited IPO listing gains?
- Paradeep Phosphates Limited listed on 27 May 2022 at ₹44, closing its first day at ₹44 — a listing gain of +4.5% versus the ₹42 issue price.
- What were the retail allotment odds for the Paradeep Phosphates Limited IPO?
- Retail was subscribed 1.37×, so a single-lot application had roughly a 73% chance of allotment — most applicants were allotted, and allotment was finalised on 23 May 2022.
- What was the price band and lot size of the Paradeep Phosphates Limited IPO?
- The price band was ₹39–₹42 per share, with a minimum lot of 350 shares (₹14,700 at the upper band).
- Who were the registrar and lead manager for the Paradeep Phosphates Limited IPO?
- Link Intime India Private Limited was the registrar, and JM Financial was the book-running lead manager.