Paradeep Phosphates IPO Allotment Status: Paradeep Phosphates Limited manufactures non-urea fertilisers. The company is one of the largest private manufacturers in India. Till 31st March 2022, the company has over 4,761 dealers and 67,150 retailers that are serving around 5 million farmers of India. The company started its Initial Public Offering on 17th May 2022. A huge number of bidders applied for it. Now, all the investors who have applied for the IPO are now waiting for the finalisation of the allotment. All the investors will be able to check their Paradeep IPO Allotment Status on 24th May 2022. Through that article, you will see information related to Paradeep Phosphates IPO Allotment Status like the GMP of IPO, the procedure of checking IPO and other things. So do read the article till the end.
Paradeep Phosphates IPO Allotment Status
The IPO has been closed on 19th May 2022. The company opened its IPO to finance the investment of the Goa facility, repay the remaining borrowings and fulfill general corporate purposes. The company had Rs. 71,862.67 Million Assets, a revenue of Rs. 59,736.88 million with a profit of Rs. 3,627.84 million (after-tax). Paradeep Phosphates Limited offered up to 13 lots of shares to retail individual investors. There are 350 shares in 1 lot. After the finalisation of the basis of allotment, the company will start the process of returning the money to all the applicants who did not get any shares. We have also provided a direct link to check the www.paradeepphosphates.com IPO allotment in our article which will be activated soon. All the aspirants are advised to visit the portal from time to time to get the latest news concerning the IPO Allotment Status.
Highlights of Paradeep Phosphates IPO Allotment
|Name of the Company||Paradeep Phosphates Limited|
|Name of Company’s Registrar||Link Intime India Private Limited|
|Face Value of the IPO||Rs. 10/- share|
|IPO Price||Rs. 39 to 42 per share|
|Lot Size of the IPO||350 shares|
|Basis of Allotment||24th May 2022|
|Shares offered for sale||118,507,493 shares of ₹10|
|Type of the Issue||Book Built Issue|
|Price Listing At||BSE, National Stock Exchange|
|Official Portal of Company||http://www.paradeepphosphates.com/|
|Official Portal of Registrar||https://linkintime.co.in/|
www.paradeepphosphates.com IPO Subscription Status
The company’s public issue was subscribed 1.75 times on 19th May 2022. Retail Category subscribed 1.37 times. Qualified Institutional Buyers subscribed 3.01 times and Non-Individuals Investors subscribed 0.82 times. Given we have also provided a table which will show the subscription status of IPO from different categories:
GMP of Paradeep Phosphates IPO
The Grey Market Price of Paradeep company is the price at which the shares of that company are being exchanged. through GMP, one can find the estimated listing price of the IPO. To find out the listing prices, you have to add the GMP with the face value of the IPO. The GMP changes every day and does not signify the exact price of the listing. On 9th May 2022, around 9.00 am, the GMP of the IPO is 0.30.
How to check Paradeep Phosphates IPO Allotment Status?
Bidders who are confused with the procedure of checking the allotment status must refer to this article. Here we have mentioned the procedure in steps. Following are the steps to check the allotment status:
- Firstly, visit the official website of the company’s registrar i.e., https://linkintime.co.in/
- Now, scroll through the home page and find the option of public issue.
- Post finding the link, click on that and a new page will open on the screen.
- After that, you will have to select the company name.
- Now, choose the option from which you want to check the allotment.
- Enter the details based on the choice made by you in the previous step.
- Now, recheck all the details carefully and tap on the option “submit”.
- Finally, the allotment status will appear on the screen within a few seconds.
- Check all the details mentioned on it.
Paradeep IPO Share Listing Price
After the completion of the basis of allotment, all the investors who will get the shares will be waiting for the price listing. The price listing will take place at BSE, National Stock Exchange. The Paradeep IPO will enter the national stock exchange market on 27th May 2022. There is no information regarding the share listing price as of now but we will get to know about it on 27th May 2022. As per the GMP, the estimated Listing Price is 42.3.
|Link Intime Portal||https://linkintime.co.in/|
|Allotment Status Link||Click Here|
|Paradeep Phosphates IPO Prospectus||Click Here|
|Bihar News Homepage||Click Here|
We hope that you guys found our article informative. for any feedback, comment below.