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

The IPO of Indian Phosphate is priced at ₹94-99 per equity share, which has a face value of ₹10 Per Equity Share each. The company shall list its equity shares on NSE SME. Bigshare Services Pvt Ltd is the registrar of the issue.

Indian Phosphate IPO bid opening date is from Aug 26, 2024 and the bid closing date was Aug 29, 2024.
Indian Phosphate IPO allotment result will be available on Aug 30, 2024. The tentative listing date for Indian Phosphate is Sep 3, 2024.

The total issue size is 6,804,000 shares(aggregating up to ₹67.36 Cr).

As on	QIB / NII	Retail	Total
Shares Offered / Reserved	1,286,400 / 964,800	2,251,200	4,502,400
Day 1 - 26-08-24 06:00 PM	0.39 / 8.50 x	20.33 x	12.10 x
Day 2 - 27-08-24 06:00 PM	3.63 / 26.50 x	62.06 x	37.75 x
Day 3 - 28-08-24 06:00 PM	8.90 / 61.84 x	132.55 x	82.07 x
Day 4 - 29-08-24 06:00 PM	181.58 / 440.69 x	238.44 x	265.53 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

ROE

18.14%

ROCE

20.93%

Debt/Equity

0.50

RoNW

16.63%

PAT Margin

1.91

Price to Book Value

2.23

Indian Phosphate Company Financials All values are in ₹ Lakh

	31-Mar-24	31-Mar-23	31-Mar-22	31-Mar-21
Assets	25,518.6	17,407.45	10,789.93	6,313.71
Revenue	71,757.81	77,093.2	55,838.56	41,501.81
Profit After Tax	1,210.21	1,659.53	1,616.61	509.44
Net Worth	8,099.06	6,751.8	5,092.27	3,475.66
Reserves & Surplus	6,280.56	6,480.37	4,820.84	3,204.23
Total Borrowing	4,023.17	1,535.48	1,830.58	434.04

About The Company

Indian Phosphate Limited was established in 1998. It manufactures 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.

In addition, the company manufactures Single Super Phosphate (SSP) and Granules Single Super Phosphate (GSSP) 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 has its manufacturing plant in Girwa district, Udaipur, Rajasthan, near the two raw materials that are used to manufacture the products: (a) sulphuric acid 98%, and (b) rock phosphate. The second important raw material is linear alkyl benzene (LAB) obtained from IOCL, Vadodara, Nirma Ltd, Vadodara and Reliance Industries Ltd, Patalganga.

Indian Phosphate Limited has presence in major states like Punjab, Bihar, Gujarat, Haryana, Madhya Pradesh, Maharashtra, Rajasthan, Uttar Pradesh, Himachal Pradesh, West Bengal, and Uttarakhand.

The company had 105 employees as of March 31, 2024.

Indian Phosphate - Promoter(s)

Pre Issue Share Holding: 100%

Post Issue Share Holding: 72.77%

Company Promoter(s)

Mr. Ravindra Singh
Mrs. Mamta Arora
Mr. Rushil Arora

Indian Phosphate IPO - Issue Objectives

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.
To Meet Working Capital Requirements.
For General Corporate Purposes

Other Details

Company Contact Details

Indian Phosphate

Plot 638, Sector-11, Udaipur City, Girwa, Girwa - 313001

Phone: 0294-2946959

Email: investor@indianphosphate.com

Website: http://www.indianphosphate.com/

Registrar Contact Details

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

Email: ipo@bigshareonline.com

Website: https://ipo.bigshareonline.com/ipo_status.html

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.