Indian Phosphate IPO
Open SmeCurrent GMP
₹100 (+101.01%)
Price Band
₹ 94 – 99
Lot Size
1200
Issue Size
₹67.36 Cr
Minimum Investment
₹237600 (2400 Shares)
Listing Date
03 September 2024
Subscription
-
About the Company
Established in 1998, Indian Phosphate Limited is a key producer of Linear Alkyl Benzene Sulfonic Acid (LABSA 90%), a widely used anionic surfactant found in the formulation of washing powders, detergent cakes, toilet cleaners, and liquid detergents.
In addition to LABSA, the company manufactures Single Super Phosphate (SSP) and Granulated Single Super Phosphate (GSSP), available in both powder and granule forms. These fertilizers are produced in compliance with the Fertilizer Control Regulation of India and are fortified with essential nutrients like Zinc and Boron.
The company’s manufacturing facility is strategically located in the Girwa district of Udaipur, Rajasthan, near key raw materials like sulfuric acid (98%) and rock phosphate. The crucial ingredient, linear alkyl benzene (LAB), is sourced from trusted suppliers such as IOCL (Vadodara), Nirma Ltd. (Vadodara), and Reliance Industries Ltd. (Patalganga).
Indian Phosphate Limited has a broad market presence across several key states, including Punjab, Bihar, Gujarat, Haryana, Madhya Pradesh, Maharashtra, Rajasthan, Uttar Pradesh, Himachal Pradesh, West Bengal, and Uttarakhand.
Promoters
- Mr. Ravindra Singh
- Mrs. Mamta Arora
- Mr. Rushil Arora
Promoters Holding
Holding Pre Issue
100.00%
Holding Post Issue
0.00%
Objects of the Issue
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
- Setting up a new manufacturing facility for manufacturing of Sulphuric Acid, LABSA 90%, and Magnesium Sulphate.
- To Meet Working Capital Requirements.
- For General Corporate Purposes
Address / Contact Info
Indian Phosphate Limited
Plot 638, Sector-11,
Udaipur City, Girwa,
Girwa - 313001
Phone: 0294-2946959
Email: investor@indianphosphate.com
Website: http://www.indianphosphate.com
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Monday, 26 August 2024
IPO Close Date
Thursday, 29 August 2024
Basis of Allotment
Friday, 30 August 2024
Initiation of Refunds
Monday, 02 September 2024
Credit of Shares to Demat
Monday, 02 September 2024
Listing Date
Tuesday, 03 September 2024 — NSE & BSE
Important Dates
Open Date
26 August 2024
Close Date
29 August 2024
Basis Of Allotment
30 August 2024
Listing Date
03 September 2024
Financial Performance (₹ in Crores)
| Particular | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 25518.6 | 17407.45 | 10789.93 | 6313.71 |
| Revenue | 71757.81 | 77093.2 | 55838.56 | 41501.81 |
| Profit After Tax | 1210.21 | 1659.53 | 1616.61 | 509.44 |
| Net Worth | 8099.06 | 6751.8 | 5092.27 | 3475.66 |
| Reserve & Surplus | 6280.56 | 6480.37 | 4820.84 | 3204.23 |
| Total Borrowings | 4023.17 | 1535.48 | 1830.58 | 434.04 |
EPS Pre
6.65%
EPS Post
4.84%
P/E Pre
14.88
P/E (Post Issue)
20.44x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI as of March 31, 2024. |
|---|---|
| ROE % | 18.14 |
| ROCE % | 20.93 |
| Debt / Equity | 0 |
| RoNW % | 16.63 |
| PbW | 2.23 |
| Pat Margin % | 1.91 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Anchor Investors | 1928400 | 28.34 | 0 |
| Market Maker | 373200 | 5.49 | 0 |
| Qualified Institutions | 1286400 | 18.91 | 0 |
| Non-Institutional | 964800 | 14.18 | 0 |
| Retail Investors | 2251200 | 33.09 | 0 |
| Total | 6804000 | 100 | 0 |
Subscription Status ( Tue, 20 Aug 24 11:31 AM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 0 | 4669200 | 0x |
| Non-Institutional | 0 | 24829200 | 0x |
| Retail Investors | 0 | 133034400 | 0x |
| Total | 0 | 162532800 | 0x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | 118,800.00 |
| Retail (Max) | 1 | 1,200 | 118,800.00 |
| S-HNI (Min) | 2 | 2,400 | 237,600.00 |
Registrar
Bigshare Services Pvt Ltd
91-22-6263 8200
investor@bigshareonline.com
https://www.bigshareonline.com
Book Running Lead Managers
- Beeline Capital Advisors Pvt Ltd
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Indian Phosphate IPO is a Book-building IPO worth ₹67.36 crores. The price band is ₹94 to 99 per share. The IPO opens on Mon, Aug 26, 2024 and closes on Thu, Aug 29, 2024. It will be listed on BSE and NSE. Bigshare Services Pvt Ltd is the registrar.
The Indian Phosphate IPO opens on Mon, Aug 26, 2024 and closes on Thu, Aug 29, 2024
Indian Phosphate IPO Price Band is ₹94 to 99.
Indian Phosphate IPO lot size is 1200, and the minimum amount required for application is ₹237600.
The minimum investment for Indian Phosphate IPO is approximately ₹237600 based on the upper price band.
To apply for the Indian Phosphate IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Thu, Aug 29, 2024. After submission, funds are blocked until the basis of allotment of Indian Phosphate IPO is finalised.
Indian Phosphate IPO issue size is ₹67.36 crores.
Indian Phosphate IPO allotment date is Sat, Jun 27, 2026.
The registrar for Indian Phosphate IPO is Bigshare Services Pvt Ltd. Investors can go to Bigshare Services Pvt Ltd website for IPO allotment status, refund processing, and other queries related to Indian Phosphate IPO through their official website or helpline.
The Indian Phosphate IPO GMP (Grey Market Premium) is ₹100 as of Thu, Aug 29, 2024. Based on the upper price band of ₹99 per share, the estimated Indian Phosphate IPO listing price is ₹199, indicating a potential listing gain of approximately 31% over the issue price.