PARADEEP PHOSPHATES LIMITED INITIAL PUBLIC OFFERING TO OPEN ON MAY 17, 2022

PARADEEP PHOSPHATES LIMITED INITIAL PUBLIC OFFERING TO OPEN ON MAY 17, 2022

· Price Band fixed at ₹ 39 per Equity Share to ₹ 42 per Equity Share of face value of ₹ 10 each

· Offer to remain open from May 17, 2022 to May 19, 2022

· Bids can be made for a minimum of 350 Equity Shares and in multiples of 350 Equity Shares thereafter

Mumbai, May 12, 2022: Paradeep Phosphates Limited (The “Company”) to open its initial public offering (the “Offer”) on May 17, 2022. The Anchor Investor Bid/Offer Period is one Working Day prior to Bid/Offer Opening Date, that is, May 13, 2022.

The Price Band of the Offer has been fixed at ₹ 39 per Equity Share to ₹ 42 per Equity Share of face of ₹ 10 each. Bids can be made for a minimum of 350 Equity Shares and in multiples of 350 Equity Shares thereafter.

The Issue offer comprises (i) fresh issue of equity shares face value ₹ 10 each share aggregating to ₹ 10,040 million (The “Fresh Issue”) and (ii) Offer for Sale up to 118,507,493 equity shares by Promoter Selling Shareholders and GoI Selling Shareholder (The “Offer for Sale”).

The Company intends to utilise net proceeds from fresh issue towards (i) Part-financing the acquisition of the Goa Facility; (ii) Repayment/prepayment of certain of our borrowings; and (iii) General corporate purposes.

The offer for sale comprises of up to 6,018,493 equity shares by Zuari Maroc Phosphates Private Limited and up to 112,489,000 equity shares by The President of India, acting through the Ministry of Chemicals and Fertilizers, Government of India. (The “Promoter Selling Shareholders” and GoI Selling Shareholder)

The Equity Shares offered in this Offer are proposed to be listed on both BSE Limited (“BSE”) and the National Stock Exchange of India Limited (“NSE”, together with BSE, the “Stock Exchanges”).

Axis Capital Limited, ICICI Securities Limited, JM Financial Limited and SBI Capital Markets Limited are the Book Running Lead Managers to the Offer.