Fertilizer company Paradeep Phosphates on Friday said it has raised a little over Rs 450 crore from anchor investors days before the roll-out of its initial public offering.
The company prepared a draft red herring prospectus and sought views, as well as a go-ahead, from DIPAM
The plant is located in Goa
The company has more than 900 regular employee and around 3,500 contractual employees working in its plant
The Paradeep plant of PPL, at present, has a capacity to produce 1.2 million tonnes of Di-ammonium phosphate (DAP) and NPK fertilisers