Monday 12 May 2008

Burrup Fertilisers IPO

A fertilizer company is planning to come out with its IPO or initial Public offering.
Pankaj Oswal's Burrup Fertilisers' stock market float is back on the drawing board, with the company close relaunching a revised offer to investors.
Burrup-Fertilisers-IPO

Mr Oswal confirmed he was awaiting audited results later this week before pressing the button on the float, with the partners seeking a slightly reduced raising in recognition of the recent market volatility which caused the original offer to be withdrawn in March.

What is the size of the Burrup Fertilisers IPO?
The Burrup Fertilisers IPO will be selling around 20% stake of the company via the IPO.
It plans to raise around $500 to $600 million through the Burrup Fertilisers IPO.

What are the business valuations of the Burrup Fertilisers IPO?
The Burrup Fertilisers IPO will value the company in the range of $2.5 to $3 billlion.

Where does the business of Burrup Fertilisers IPO stand?
Burrup completed construction of its $700 million liquid ammonia plant on the Pilbara's Burrup Peninsula in early 2006, and made its first export shipment from the Port of Dampier in June of that year.

The exisiting plant is operating slightly above its nameplate capacity.

The IPO relaunch comes amid speculation of a decision by the company to go ahead with an ammonium nitrate plant at its existing Burrup Peninsula site near Karratha.

It is understood Burrup has investigated sites elsewhere in the state, with previously reported rumours that the South West may have been an option.

Let’s see how this Burrup Fertilisers IPO performs in the markets, once it opens up. Table of Contents

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