Paradeep Phosphates Gets Sebi Nod For IPO

Paradeep Phosphates has received approval from Sebi to launch an initial public offering (IPO). The fertilizer company's IPO will comprise a fresh issue of shares worth Rs 1,255 crore and an offer for sale (OFS) of up to 12 crore shares by existing shareholders and promoters, according to the draft red herring prospectus filed with the market regulator. In the OFS, Zuari Maroc Phosphates will offer up to 75.46 lakh shares and the cen...