Paradeep Phosphates IPO: Investors disappointed with LIC’s initial public offering (IPO) are getting an opportunity to bet on another IPO. This IPO is from the fertilizer company Paradeep Phosphates. This IPO has been opened for the investors. At the same time, it is going to be closed on May 19.
The price band of Paradeep Phosphates IPO has been fixed at Rs 39-42 per share. Let us tell you that equity shares worth Rs 1,004 crore are being issued through IPO. The government will sell its entire 19.55 per cent stake in the company.
The shares of the company are expected to be listed on the stock exchanges BSE and NSE on May 27, 2022. Talking about the gray market premium i.e. GMP, then it is Rs. This means that when the company is listed on the stock market, a marginal profit per share can be expected.
Let us tell you that a day before the roll-out of its share sale, it has raised Rs 450 crore from anchor investors. Goldman Sachs, BNP Paribas Arbitrage, Kuber India Fund, Kopathal Mauritius Investment and Societe Generale are among the anchor investors.