Indian Phosphate IPO Details
The Indian Phosphate IPO is a book build issue with a total issue size of ₹67.36 cr, comprising of fresh issue of 6804000 equity shares. Indian Phosphate IPO opened for subscription on Aug 26, 2024 and closed on Aug 29, 2024. Indian Phosphate IPO is set price band at ₹94 to ₹99 per share, with a lot size of 1200 shares. Minimum investment for Retail investors was ₹237,600.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Aug 30, 2024, and listed on the NSE on Sep 03, 2024.
Bigshare Services Pvt Ltd has been appointed as the registrar. Beeline Capital Advisors Pvt Ltd are the Book Running Lead Manager for the issue.
Before investing in the Indian Phosphate IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 94 – 99
- Lot Size
- 1200
- Issue Size
- ₹67.36 Cr
- Minimum Investment
- ₹237600 (2400 Shares)
- Listing Date
- 03 September 2024
Current GMP
₹100 (+101.01%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
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
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
Book Running Lead Managers
- Beeline Capital Advisors Pvt Ltd
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 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.
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 per share.
Indian Phosphate IPO lot size is 1200 shares, Retail investors need a minimum investment of ₹237600 based on the upper price band
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.
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.
Indian Phosphate IPO issue size is ₹67.36 crores.
Indian Phosphate IPO allotment date is Wed, Jul 1, 2026.
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.
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 0% over the issue price.