IPO News

Paradeep Phosphates Ltd IPO to open for subscription on May 17, 2022

Posted On : 2022-05-11 09:09:47( TIMEZONE : IST )

Paradeep Phosphates Ltd IPO to open for subscription on May 17, 2022

Paradeep Phosphates Limited (PPL), a subsidiary of Zuari Agro Chemicals Limited's ("ZACL") joint venture Zuari Maroc Phosphates Pvt Ltd has filed the Red Herring Prospectus of PPL dated May 6, 2022 with the Registrar of Companies, Odisha at Cuttack, on May 7, 2022.

The Bid / Offer opening will be on May 17, 2022 and Bid/Offer closing will be on May 19, 2022. Further, the anchor investors shall Bid one Working Day prior to the Bid/Offer Opening Date, i.e., on May 13, 2022.

PPL and the Selling Shareholders (in consultation with the Book Running Lead Managers) have finalized the price band to range from Rs. 39 to Rs. 42. Additionally, the Bid Lot for the Offer has been finalized to be 350 Equity Shares and in multiples of 350 Equity Shares thereafter.

Shares of Zuari Agro Chemicals Limited was last trading in BSE at Rs. 159.50 as compared to the previous close of Rs. 166.80. The total number of shares traded during the day was 37504 in over 1479 trades.

The stock hit an intraday high of Rs. 172.10 and intraday low of 155.60. The net turnover during the day was Rs. 6253086.00.

Source : Equity Bulls


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