Indian Phosphate IPO
GMP, Subscription, Price, Dates & Financial Details
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…
Open Date
Mon, 26 Aug 2024
Close Date
Thu, 29 Aug 2024
Price Band
₹ 94 – 99
Lot Size
1200
Issue Size
₹ 67.36 Cr
Minimum Investment
₹ 237,600 (2400 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Indian Phosphate IPO has successfully completed its IPO process and is now listed on NSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹67.36 Crore, comprising a fresh issue of 68.04 Lakh equity shares aggregating to ₹67.36 Crore.
The Indian Phosphate IPO remained open for subscription from August 26, 2024, to August 29, 2024. The basis of allotment was finalized on August 30, 2024, and the company's shares were listed on NSE SME Platform on September 03, 2024.
The company had fixed the price band at ₹94 to ₹99 per share, with a lot size of 1200 shares. Retail investors were required to make a minimum investment of ₹237,600 (based on the upper price band) to apply for one lot.
Bigshare Services Pvt Ltd served as the registrar to the issue. Beeline Capital Advisors Pvt Ltd acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Indian Phosphate Limited is now a publicly listed company on NSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Indian Phosphate IPO Timeline (Tentative)
- IPO Open Date
- Mon, 26 Aug 24
- IPO Close Date
- Thu, 29 Aug 24
- Basis of Allotment
- Fri, 30 Aug 24
- Initiation of Refunds
- Mon, 02 Sep 24
- Credit of Shares to Demat
- Mon, 02 Sep 24
- Listing Date
- Tue, 03 Sep 24 — NSE & BSE
Open Date
26 August 2024
Close Date
29 August 2024
Basis Of Allotment
30 August 2024
Listing Date
03 September 2024
IPO Subscription
Check Live Subscription →The Indian Phosphate IPO has received bids for 16,25,32,800 shares against 0 shares offered, resulting in an overall subscription of 0x. the NII category is subscribed 0x, Retail Investors 0x, and QIBs 0x.
QIB
0x
NII
0x
RII
0x
Total
0x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 22,51,200 shares, representing 33.09% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 12,86,400 shares (18.91%), while Non-Institutional Investors (NIIs) receive 9,64,800 shares (14.18%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Anchor Investors | 1,928,400 | 28.34% |
| Market Maker | 373,200 | 5.49% |
| Qualified Institutions | 1,286,400 | 18.91% |
| Non-Institutional | 964,800 | 14.18% |
| Retail Investors | 2,251,200 | 33.09% |
| Total | 6,804,000 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Indian Phosphate Limited KPI Information
| Particular | KPI as of March 31, 2024. |
|---|---|
| ROE % | 18.14 |
| ROCE % | 20.93 |
| RoNW % | 16.63 |
| PbW | 2.23 |
| Pat Margin % | 1.91 |
Peers Comparison
No Peer Comparision Available
About Indian Phosphate Limited
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.
Indian Phosphate IPO Promoters
- Mr. Ravindra Singh
- Mrs. Mamta Arora
- Mr. Rushil Arora
Promoters Holding
Holding Pre Issue
100.00%
Holding Post Issue
0.00%
Indian Phosphate IPO Objective
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
Indian Phosphate Limited Address / Contact Details
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
Indian Phosphate IPO Lot Size
The Indian Phosphate IPO has a lot size of 1,200 shares. Retail investors require a minimum investment of ₹1,18,800 by applying for 1 lot (1,200 shares). The maximum application allowed for the retail category is 1 lots (1,200 shares), requiring an investment of ₹1,18,800.
| 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 |
Issue Reservation
- Anchor Investors — 28.34%
- Market Maker — 5.49%
- QIB — 18.91%
- NII — 14.18%
- RII — 33.09%
Book Running Lead Managers
- Beeline Capital Advisors Pvt Ltd
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Indian Phosphate IPO?
Indian Phosphate IPO is a Book-building IPO with a total issue size of ₹67.36 crore. The Indian Phosphate IPO price band is ₹94 to 99 per share. The Indian Phosphate IPO subscription opens on Mon, Aug 26, 2024, and closes on Thu, Aug 29, 2024. The Indian Phosphate IPO will be listed on the NSE. Bigshare Services Pvt Ltd is the registrar for the Indian Phosphate IPO.
When will the Indian Phosphate IPO open for subscription?
The Indian Phosphate IPO opens on Mon, Aug 26, 2024 and closes on Thu, Aug 29, 2024
What is Indian Phosphate IPO Price Band?
Indian Phosphate IPO Price Band is ₹94 to 99 per share.
What is Indian Phosphate IPO Lot Size?
Indian Phosphate IPO lot size is 1200 shares, Retail investors need a minimum investment of ₹237600 based on the upper price band
What is the minimum investment for Indian Phosphate IPO?
The minimum investment for Indian Phosphate IPO is ₹237600, based on one lot of 1200 shares at the upper price band of ₹99 per share.
How to apply for Indian Phosphate IPO?
Investors can apply for the Indian Phosphate IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Thu, Aug 29, 2024. The application amount remains blocked until the Indian Phosphate IPO allotment is finalized.
What is Indian Phosphate IPO Issue Size?
Indian Phosphate IPO issue size is ₹67.36 crores.
What is the Indian Phosphate IPO Allotment Date?
Indian Phosphate IPO allotment date is Fri, Aug 30, 2024.
Who is the Indian Phosphate IPO Registrar?
The registrar for Indian Phosphate IPO is Bigshare Services Pvt Ltd. Investors can go to Bigshare Services Pvt Ltd website to check Indian Phosphate IPO allotment status, refund processing, and other IPO-related information.
What is the Indian Phosphate IPO GMP?
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 101.01% over the issue price.
Who is the Indian Phosphate IPO Lead Manager?
The book-running lead managers (BRLMs) for the Indian Phosphate IPO are Beeline Capital Advisors Pvt Ltd. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Indian Phosphate IPO Red Herring Prospectus (RHP).