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Paradeep Phosphates files IPO papers: Key takeaways from DRHP

The offer comprises a fresh issue of equity shares aggregating to Rs 1,255 crore. The sellers are Government of India and Zuari Agro.

August 13, 2021 / 11:16 PM IST
Representative image

Representative image

Paradeep Phosphates, a leading fertiliser company, on August 13 filed a draft red herring prospectus (DRHP) for its upcoming initial public offering (IPO) with the market regulator Securities and Exchange Board of India (SEBI).

The company is a joint venture between Adventz Group Company, Zuari Agro & Maroc Phosphates, which is a wholly-owned subsidiary of OCP, Morocco. The Government of India is, notably, owner of 19.5 percent stake in Paradeep Phosphates.

Here are some of the key takeaways from the DRHP

The offer comprises a fresh issue of equity shares aggregating to Rs 1,255 crore.