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Today's Paradeep Phospates BSE and NSE Listing Date, Price, and Paradeep Share Price

On Friday, the IPO of Paradeep Phosphates Limited will be closely watched. At 10 a.m. on May 27, shares of Paradeep Phosphates Limited will begin trading on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). Investor reception to Paradeep Phospates' initial public offering (IPO) was modest during the subscription period. The 26.86 crore shares that were up for grabs in the public offering were taken up 1.75 times over.

The subscription period for the IPO of Paradeep Phosphates ran from May 17–19. The price range for PhosphatesParadeep Phospate's first public offering was set at Rs. 39-42 per equity share. The Rs 1,004 crore worth of new shares issued as part of the Paradeep Phosphates IPO were sold alongside 11.85 crore equity shares offered for sale (OFS) by the company's promoters and other selling shareholders. Zuari Maroc Phosphates Pvt Ltd (ZMPPL) intended to sell 60,18,493 equity shares as part of OFS. There could be up to 11,24,89,000 equity shares sold by the Indian government. 19.55 percent of the company's shares were owned by the government.

The earnings from the OFS share will not be paid to the corporation. A total of Rs 520 crore of the net proceeds from the fresh issuance would be used to partially finance the purchase of the Goa facility, and another Rs 300 crore will be used to pay back or advance the borrowings that the firm has taken out.

According to information available with the NSE, the Paradeep Phosphates IPO got bids for over 47.02 crore shares against the overall issue size of over 26.86 crore shares. The segment designated for qualified institutional buyers (QIBs) received 3.01 times as much interest. The shares allotted to non-institutional investors received 0.82 times as much interest. According to the data, the retail individual investor (RII) quota was filled 1.37 times.

Paradeep Phosphates IPO Grey Market Premium

Unlisted shares of Paradeep Phosphates attracted lukewarm interest in the black market. On May 16–19, the grey market demanded a Rs 3 premium for the Paradeep Phosphates IPO. However, according to Chanakya Ni Pothi, Paradeep Phospates' grey market premium decreased to Rs 0.20 on May 26 before the IPO. Low listing activity on the domestic bourses is indicated by the low interest in the unlisted market.

Paradeep Phosphates Listing Today: What to Expect

Shares of Paradeep Phosphates are anticipated to open at par, according to Ravi Singhal, vice chairman at GCL Securities, about the listing price for the company's IPO. But a lot would rely on the type of opening the Indian market receives."

"The issue was at fair prices with good prospects, but the secondary markets' jittery feelings are weighing on the sentiments, "Co-founder of unlisted Arena, Abhay Doshi, stated

To investors, A well-known brand in the Indian fertilizer business, Paradeep Phosphates is supported by a sizable sales and distribution team, according to Ravi Singh, vice president and head of research at ShareIndia. An average EPS of Rs. 3.52 and an average RoNW of 11.91% for the previous three fiscal years demonstrate the company's strong growth and solid business style. A normal monsoon forecast and continuous geopolitical pressure on the supply of commodities will also contribute to the industry's overall favorable outlook. The IPO's issue price is competitively priced and suitable for long- and medium-term investments.

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