Indian Phosphate IPO Details: The Indian Phosphate IPO is scheduled to open on August 26 and will close on August 29. This NSE SME IPO aims to raise ₹67.36 crores, with a price band set between ₹94 to ₹99 per share, and a market lot size of 1,200 shares.
Indian Phosphate Limited is primarily involved in the production of Linear Alkylbenzene Sulphonic Acid (LABSA 90%), an anionic surfactant widely used in various cleaning products such as detergent powders, cakes, toilet cleaners, and liquid detergents. Additionally, the company manufactures Single Super Phosphate (SSP) and Granulated Single Super Phosphate (GSSP) fertilizers, adhering to the standards set by India’s Fertilizer Control Order. These products are available in both powder and granulated forms and can be fortified with zinc and boron. The company’s manufacturing facility is located at Plot No. 5056, Village Umarda, in Girwa district, Udaipur, Rajasthan, strategically positioned near essential raw material suppliers, including Sulphuric Acid 98% and Rock Phosphate.
Furthermore, Indian Phosphate also produces Zincated Single Super Phosphate in both powder and granular forms, as well as Zincated and Boronated Single Super Phosphate granules. As part of its expansion strategy, the company is establishing a manufacturing plant for Sulphuric Acid in SIPCOT Industrial Park, Cuddalore District, Tamil Nadu. This plant will serve as a backward integration facility for the production of LABSA 90%, with a planned production capacity of 200 MT/day of Sulphuric Acid, 100 MT/day of LABSA 90%, and 60 MT/day of Magnesium Sulphate. This expansion is intended to strengthen the company’s presence in the South Indian market.
Indian Phosphate IPO Objectives:
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
- 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
Indian Phosphate IPO Review (Apply or Not)
- Update soon
Indian Phosphate IPO Date & Price Band Details:
| IPO Open: | August 26, 2024 |
| IPO Close: | August 29, 2024 |
| IPO Size: | Approx ₹67.36 Crores, 6,804,000 Equity Shares |
| Fresh Issue: | Approx ₹67.36 Crores, 6,804,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹94 to ₹99 Per Equity Share |
| IPO Listing on: | NSE SME |
| Issue Type: | Book Built Issue IPO |
| Retail Quota: | 35% of the net offer |
| QIB Quota: | 50% of the net offer |
| NII Quota: | 15% of the net offer |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors in IPO: | Click Here |
Indian Phosphate IPO Lot Size:
The minimum market lot for the Indian Phosphate IPO is 1,200 shares, requiring an application amount of ₹118,800.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 1200 | ₹118,800 |
| Retail Maximum | 1 | 1200 | ₹118,800 |
| S-HNI Minimum | 2 | 2400 | ₹237,600 |
Indian Phosphate IPO Timeline:
The Indian Phosphate IPO is set to open on August 26 and will close on August 29. The allotment of shares is scheduled for August 30, with a potential listing date of September 3.
| IPO Open Date: | August 26, 2024 |
| IPO Close Date: | August 29, 2024 |
| Basis of Allotment: | August 30, 2024 |
| Refunds: | September 2, 2024 |
| Credit to Demat Account: | September 2, 2024 |
| IPO Listing Date: | September 3, 2024 |
Indian Phosphate IPO GMP Today:
The Grey Market Premium (GMP) for the Indian Phosphate SME IPO stands at ₹0. With a price band capped at ₹99, the estimated listing price is ₹99 per share. This indicates an expected gain or loss of 0.00% per share.
Indian Phosphate Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2022 | ₹558.39 | ₹536.65 | ₹16.17 |
| 2023 | ₹770.93 | ₹748.54 | ₹16.60 |
| 2024 | ₹706.26 | ₹687.25 | ₹13.47 |
Indian Phosphate IPO Valuation – FY2023
Check Indian Phosphate IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹7.41 per Equity Share |
| Price/Earning P/E Ratio: | NA |
| Return on Net Worth (RoNW): | 16.63% |
| Net Asset Value (NAV): | ₹44.54 per Equity Share |
Peer Group
- Rama Phosphates Limited
Company Promoters
- Mr. Ravindra Singh
- Mrs. Mamta Arora
- Mr. Rushil Arora
Indian Phosphate IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
Indian Phosphate IPO Allotment Status
Check Indian Phosphate IPO allotment status on Bigshare website URL. Click Here
Indian Phosphate IPO Lead Managers aka Merchant Bankers
- Beeline Capital Advisors Pvt Ltd
Company Address
Indian Phosphate Limited
Plot 638, Sector-11,
Udaipur City, Girwa,
Girwa – 313001
Phone: 0294-2946959
Email: investor@indianphosphate.com
Website: http://www.indianphosphate.com/
Indian Phosphate IPO FAQs
1. What are the IPO dates for Indian Phosphate?
- The Indian Phosphate IPO will open on August 26, 2024, and close on August 29, 2024.
2. What is the price band for the Indian Phosphate IPO?
- The price band for the Indian Phosphate IPO is set between ₹94 to ₹99 per share.
3. What is the minimum investment required for the Indian Phosphate IPO?
- The minimum market lot is 1,200 shares, requiring an investment of ₹118,800.
4. When will the share allotment for the Indian Phosphate IPO be finalized?
- The share allotment is scheduled for August 30, 2024.
5. What is the expected listing date for the Indian Phosphate IPO?
- The Indian Phosphate IPO is expected to list on September 3, 2024.
6. What is the Grey Market Premium (GMP) for the Indian Phosphate IPO?
- As of August 21, 2024, the GMP is ₹0, indicating no premium or discount on the listing price.
7. How can I apply for the Indian Phosphate IPO?
- You can apply for the Indian Phosphate IPO through ASBA (Applications Supported by Blocked Amount) available via your bank’s net banking or through any brokerage platform offering IPO applications.
8. What does Indian Phosphate Limited do?
- Indian Phosphate Limited is primarily engaged in the production of Linear Alkylbenzene Sulphonic Acid (LABSA 90%), a key ingredient in detergents, and in the manufacturing of Single Super Phosphate (SSP) and Granulated Single Super Phosphate (GSSP) fertilizers.
9. Where is Indian Phosphate Limited’s manufacturing facility located?
- The company’s manufacturing facility is located in Umarda, Girwa district, Udaipur, Rajasthan.
10. What is the estimated listing price for the Indian Phosphate IPO?
- With the GMP at ₹0 and a cap price of ₹99, the estimated listing price is ₹99 per share.
11. What is the expected gain or loss per share for Indian Phosphate IPO?
- Based on the current GMP, the expected percentage gain or loss per share is 0.00%.
12. How will the proceeds from the Indian Phosphate IPO be used?
- The proceeds will be utilized for business expansion, working capital requirements, and general corporate purposes, including setting up a Sulphuric Acid manufacturing plant in Tamil Nadu.
