Paradeep Phosphates IPO
Paradeep Phosphates Limited (PARADEEP) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 27 May 2022.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain -2.1% (likely range -20% to +8%), day's high +3.4%, chance of a gain 33%. Actual: +4.8% at the open, +12.5% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 8,07,05,162 | 24,32,41,250 | 3.01x | |
| NII (HNI) total | 5,63,91,509 | 4,63,41,750 | 0.82x | |
| Retail | 13,15,80,187 | 18,06,17,150 | 1.37x | |
| Total | 26,86,76,858 | 47,02,00,150 | 1.75x |
Bids on NSE and BSE together, as published by NSE, as of 19 May 2022, 05:00 PM. Shares offered exclude the anchor portion. 33% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Paradeep Phosphates's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| UTI Asset Management CompanyOct 2020 | 3.34x | 0.93x | 2.32x | 2.31x | ₹2,160 Cr | -9.8% | -4.3% |
| Aster DM HealthcareFeb 2018 | 2.10x | 0.55x | 1.18x | 1.31x | ₹1,010 Cr | -3.7% | -1.1% |
| Indian Energy ExchangeOct 2017 | 2.56x | 0.85x | 2.61x | 2.28x | ₹1,426 Cr | -9.1% | +0.6% |
| CMS Info SystemsDec 2021 | 1.98x | 1.45x | 2.15x | 1.95x | ₹1,159 Cr | +1.9% | +20.2% |
| Bharat DynamicsMar 2018 | 1.50x | 0.50x | 1.41x | 1.30x | ₹1,667 Cr | -13.6% | -5.9% |
| Varun BeveragesOct 2016 | 4.94x | 0.42x | 0.82x | 1.86x | ₹1,112 Cr | -3.4% | +6.0% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| JM Financial | 109 | +22.8% | 75% |
| SBI Capital Markets | 56 | +16.7% | 61% |
| ICICI Securities | 109 | +21.3% | 69% |
| Axis Capital | 107 | +20.4% | 73% |
Offer documents (NSE)
Frequently asked
What is the Paradeep Phosphates IPO price band and lot size? ₹39.0–42.0 per share, with a lot of 350 shares, so the smallest retail bid is ₹14,700.
How many times has it been subscribed? 1.75x overall: QIB 3.01x, NII 0.82x, retail 1.37x.
How did it list? It opened at ₹44.0, +4.8% against the issue price of ₹42.0, and closed its first day +4.5%.
