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Subscribe to Paradeep Phosphates: Hem Securities

Hem Securities has come out with its report on Paradeep Phosphates. The research firm has recommended to ''Subscribe'' the ipo in its research report as on May 17, 2022.

May 18, 2022 / 03:03 PM IST
Paradeep Phosphates

Paradeep Phosphates

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Hem Securities IPO report on Paradeep Phosphates

Paradeep Phosphates Ltd is the second largest private sector manufacturer of non-urea fertilizers in India and the second largest private sector manufacturer in terms of Di-Ammonium Phosphate (“DAP”) volume sales for the nine months ended December 31, 2021.Company is primarily engaged in manufacturing, trading, distribution and sales of a variety of complex fertilizers such as DAP, three grades of NitrogenPhosphorus-Potassium (“NPK”) (namely NPK-10, NPK-12 and NP-20), Zypmite, Phospho-gypsum and Hydroflorosilicic Acid (“HFSA”).

Valuation and Outlook

Hence we recommend “Subscribe” on issue for long term .

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