Paradeep Phosphates a high-risk bet on rising share of non-urea fertilisers

Of the total IPO amount, nearly two-thirds are a fresh issue of shares that will be used to part-finance the acquisition of a plant in Goa and repayment of loans, while the balance is an offer of sale (OFS) from the Government of India and promoter Zuari Maroc Phosphate - a joint venture between Zuari Agro Chemicals and the OCP Group of Morocco. The Government of India is selling its entire stake of 19.55% pre-IPO through the OFS.

Paradeep Phosphates a high-risk bet on rising share of non-urea fertilisers
Of the total IPO amount, nearly two-thirds are a fresh issue of shares that will be used to part-finance the acquisition of a plant in Goa and repayment of loans, while the balance is an offer of sale (OFS) from the Government of India and promoter Zuari Maroc Phosphate - a joint venture between Zuari Agro Chemicals and the OCP Group of Morocco. The Government of India is selling its entire stake of 19.55% pre-IPO through the OFS.