Paradeep Phospates IPO: Information analysis

Incorporated in 1981, Paradeep Phospates is involved in the manufacturing, trading, distribution and sales of various complex fertilisers. It is India's second largest non-urea fertiliser manufacturer and second largest private manufacturer of diammonium phosphate (DAP) in terms of volume. It manufactures DAP, Nitrogen-Phosphorus-Potassium (NPK) in three grades - zypmite, phospho-gypsum, and hydroflorosilic acid. The company was initially owned completely by the government of India until it diluted 74 per cent of its stake to Zuari Maroc Phosphates Private Limited (ZMMPL). Later in 2003, through a rights issue, ZMMPL increased its stake to 80.45 per cent which is maintained till date and the rest 19.55 per cent is owned government owned. Through this issue, the government of India will completely dilute its stake and cease to be a promoter. ZMMPL is a joint venture where Zuari Agro Chemicals Ltd (ZACL) and OCP group S.A have an equal stake. Paradeep Phosphates has one manufacturing unit in, you guessed it right, Paradeep, Odisha. It incl