{"id":42496,"date":"2022-05-13T23:05:00","date_gmt":"2022-05-13T17:35:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=42496"},"modified":"2022-05-13T23:00:15","modified_gmt":"2022-05-13T17:30:15","slug":"biz-paradeep-phosphates-anchor","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-paradeep-phosphates-anchor\/","title":{"rendered":"IPO-bound Paradeep Phosphates raises Rs 450 crore from anchor investors"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3075449865\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Fertilizer company Paradeep Phosphates on Friday said it has raised a little over Rs 450 crore from anchor investors days before the roll-out of its initial public offering.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2284359022\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p>The company has decided to allocate a total of\u00a010,72,66,532\u00a0equity shares to anchor investors at Rs 42 apiece, aggregating the transaction size to Rs 450.52 crore, according to a circular uploaded on BSE website.<\/p>\n<p>Goldman Sachs, BNP\u00a0Paribas Arbitrage,\u00a0Kuber India Fund, Copthall Mauritius Investment and Societe Generale are among the anchor investors.<\/p>\n<p>In addition, seven domestic mutual funds &#8212; ICICI Prudential Mutual Fund (MF), Nippon India MF, SBI MF, Tata MF, HDFC MF, DSP MF and Mirae MF &#8212; also participated in the anchor round.<\/p><div class=\"trade-content_5\" id=\"trade-4166359060\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p>The IPO (Initial Public Offering) comprises fresh issuance of equity shares worth Rs 1,004 crore and an Offer-For-Sale (OFS) component of 11.85 crore equity shares by promoters and other selling shareholder.<\/p>\n<p>As part of the OFS, Zuari Maroc Phosphates Pvt Ltd (ZMPPL) will offload 60,18,493 equity shares and the government of India will sell up to 11,24,89,000 equity shares.<\/p>\n<p>The government will be offloadng its entire 19.55 per cent stake in the company.<\/p>\n<p>Currently, ZMPPL holds 80.45 per cent and the government of India owns the rest 19.55 per cent stake in the company.<\/p>\n<p>The issue, with a price band of Rs 39-42 per share, will open on May 17 and conclude on May 19.<\/p>\n<p>Proceeds of fresh issue will be used to partly finance the acquisition of the fertiliser manufacturing facility in Goa and payment of debt and general corporate purposes.<\/p><div class=\"trade-content-10\" id=\"trade-2053629859\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p>Paradeep Phosphates is primarily engaged in manufacturing, trading, distribution and sales of a variety of complex fertilizers such as Di-Ammonium Phosphate (DAP) and NPK fertilizers.<\/p>\n<p>Its fertilizers are marketed under some of the key brand names in the market &#8212; &#8216;Jai\u00a0 Kisaan \u2013 Navratna&#8217; and &#8216;Navratna.<\/p>\n<p>Axis Capital, ICICI Securities, JM Financial and SBI Capital Markets are the lead managers to the issue. PTI SP HVA<\/p>\n<div class=\"trade-after-content\" id=\"trade-765464271\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Fertilizer company Paradeep Phosphates on Friday said it has raised a little over Rs 450 crore from anchor investors days before the roll-out of its initial public offering. The company has decided to allocate a total of\u00a010,72,66,532\u00a0equity shares to anchor investors at Rs 42 apiece, aggregating the transaction size to Rs 450.52 crore, according to [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":41221,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1696,1516,31],"tags":[],"class_list":["post-42496","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate-action","category-ipo","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>IPO-bound Paradeep Phosphates raises Rs 450 crore from anchor investors - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/biz-paradeep-phosphates-anchor\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IPO-bound Paradeep Phosphates raises Rs 450 crore from anchor investors\" \/>\n<meta property=\"og:description\" content=\"Fertilizer company Paradeep Phosphates on Friday said it has raised a little over Rs 450 crore from anchor investors days before the roll-out of its initial public offering. 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