IPO: Pardeep Phosphates A High-Risk Bet on Rising Shares of Non-Urea Fertilizer

| Posted on |

In the band above issue price, the stock is worth 1.10 times its book value as of December 2021 and seven times FY22’s annual earnings.

Summary

Of the total IPO amount, about two-thirds is a new issue of shares that will be used for partial financing of a plant acquisition and repayment of a loan in Goa, while the rest is an offer of sale (OFS) from the government. A joint venture between India and promoter Jouri Marok Phosphate – Jouri Agro Chemicals and OCP Group of Morocco. The Government of India is selling all its 19.55% pre-IPO shares through OFS.

ET Intelligence Group: Pardeep Phosphates, India’s third largest private non-urea fertilizer maker, plans to raise ₹ 1,500 crore in an IPO. Of the total IPO amount, about two-thirds is a new issue of shares that will be used for partial financing of a plant acquisition and repayment of a loan in Goa, while the rest is an offer of sale (OFS) from the government. A joint venture between India and promoter gambler Marok Phosphate – gambler Agro

By

And office

Read 4 minutes, Latest version:

  • Character size

    ABCSmall

    ABCMedium

    ABCLarge

  • Save
  • Printed
  • Please comment

Why ?

  • Exclusive Economic Times story, editorial and expert opinion Across 20+ sectors

  • Stock analysis. Market research. Industry trends 4000+ in stock

  • With clear experience
    Minimal advertising

  • Comments and involved With the ET Prime community

  • Exclusive invitation Virtual events with industry leaders

  • A loyal team Journalist and analyst Who can filter signals from noise

Leave a Reply

Your email address will not be published.