IPO

Indian Phosphate Limited IPO

NSE SME

Listed On: Sep 3, 2024 at ₹ 188.1

₹ 118800 /1200 Shares

Check Allotment

Indian Phosphate IPO Details

26 Aug, 2024

Open Date

29 Aug, 2024

Close Date

30 Aug, 2024

Allotment Date

03 Sep, 2024

Listing Date

Issue Price

₹94-99 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

NSE SME

Registrar

Bigshare Services Pvt Ltd

List Price

188.1

Listing Date

2024-09-03

Market Lot

1200 Shares (₹118,800/-)

Lead Manager

Beeline Capital Advisors Pvt Ltd

Issue Size

6,804,000 shares(aggregating up to ₹67.36 Cr)

Retail Portion

35%

Subscription

265.53 times

IPO Docs

DRHP

Indian Phosphate IPO Subscription Details

As onQIB / NIIRetailTotal
Shares Offered / Reserved1,286,400 / 964,8002,251,2004,502,400
Day 1 - 26-08-24 06:00 PM0.39 / 8.50 x20.33 x12.10 x
Day 2 - 27-08-24 06:00 PM3.63 / 26.50 x62.06 x37.75 x
Day 3 - 28-08-24 06:00 PM8.90 / 61.84 x132.55 x82.07 x
Day 4 - 29-08-24 06:00 PM181.58 / 440.69 x238.44 x265.53 x
Total No. of Applications: 4,49,404 (Approx)

Indian Phosphate Valuations

EPS Pre IPO

₹9.13/-

EPS Post IPO

₹6.23/-

P/E Pre IPO

10.85

P/E Post IPO

15.88

RoNW

%

Indian Phosphate Company Financials All values are in ₹ Lakh

31-Mar-2331-Mar-2231-Mar-21
Assets17,407.4510,789.936,313.71
Revenue77,093.255,838.5641,501.81
Profit After Tax1,659.531,616.61509.44

About The Company

Indian Phosphate Limited produces Linear Alkyl Benzene Sulfonic Acid LABSA 90%, commonly known as LABSA, an anionic surfactant used in the formulation of all types of washing powders, cakes, toilet cleaners and liquid detergents.

The company also manufactures Single Super Phosphate (SSP) and Granules Single Super Phosphate (GSSP) which are manufactured and supplied in powder and granule form as per the norms of the Fertilizer Control Regulation of India and are fortified with Zinc and Boron.The Company's manufacturing facility is located in Girwa district, Udaipur, Rajasthan, close to the two raw materials (a) sulphuric acid 98% and (b) rock phosphate used in the manufacture of the products. The other important raw material, linear alkyl benzene (LAB), is sourced from IOCL, Vadodara, Nirma Ltd, Vadodara and Reliance Industries Ltd, Patalganga.

Indian Phosphate Limited has a presence in major states like, Punjab, Bihar, Gujarat, Haryana, Madhya Pradesh, Maharashtra, Rajasthan, Uttar Pradesh, Himachal Pradesh, West Bengal, and Uttarakhand.As on January 31,2024, the company had a total of 103 employees.

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Indian Phosphate - Promoter(s)

Pre Issue Share Holding: %

Post Issue Share Holding: %

Company Promoter(s)

  1. Mr. Ravindra Singh
  2. Mrs. Mamta Arora
  3. Mr. Rushil Arora

Indian Phosphate IPO - Issue Objectives

  1. For Setting up a new manufacturing facility at SIPCOT Industrial Park Phase-I, Kudikadu Village, Cuddalore District ('C' District) Plot(s) - Plot No.C-17/A, TamilNadu for manufacturing of Sulphuric Acid, LABSA 90%, and Magnesium Sulphate.
  2. To Meet Working Capital Requirements.
  3. For General Corporate Purposes

Indian Phosphate IPO - FAQs

Ans. Indian Phosphate Limited IPO is a SME IPO. The issue is priced at ₹94-99 per equity share. The minimum order quantity is 1200 Shares. The IPO opens on Aug 26, 2024, and closes on Aug 29, 2024. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Ans. The Indian Phosphate Limited IPO opens on Aug 26, 2024 and closes on Aug 29, 2024.

Ans. The size of Indian Phosphate Limited IPO is 6,804,000 shares(aggregating up to ₹67.36 Cr).

Ans. The IPO price band is set between ₹94-99 per equity share.

Ans. To apply for Indian Phosphate Limited IPO IPO, follow the steps given below:

  • - Open the IPO Ji App or Website
  • - Find Indian Phosphate Limited IPO in the List of IPOs
  • - Press "Apply" Button
  • - Select Your Demat Account
  • - Select Your Shares Quantity and Submit
  • - Track Your IPO Status

Ans. The share allotment date of Indian Phosphate Limited IPO is Aug 30, 2024.

Ans. The Indian Phosphate Limited IPO will be listed on Sep 3, 2024.

Ans. Follow the steps to check the allotment status for Indian Phosphate Limited IPO here.