Indian Phosphate Limited IPO

NiftyTrader • August 22, 2024

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Indian Phosphate Limited IPO

Indian Phosphate Limited IPO opens on August 26, 2024, and closes on August 29, 2024. The allotment for the Indian Phosphate Limited IPO is anticipated to be completed on Friday, August 30, 2024. The IPO will be listed on the SME and NSE, with a tentative date set for Tuesday, September 3, 2024.

The Indian Phosphate Limited IPO’s price band is Rs 94 to 99 per share. The IPO is a book-built issue of Rs 67.36 crores, an entirely new issue of 68.04 lakh shares.

Indian Phosphate IPO Details

IPO Date	August 26, 2024 to August 29, 2024
Listing Date	[.]
Face Value	₹10 per share
Price	₹94 to ₹99 per share
Lot Size	1200 Shares
Total Issue Size	6,804,000 shares (aggregating up to ₹67.36 Cr)
Fresh Issue	6,804,000 shares (aggregating up to ₹67.36 Cr)
Issue Type	Book Built Issue IPO
Listing At	NSE SME
Shareholding pre-issue	18,185,609
Shareholding post-issue	24,989,609
Market Maker portion	373,200 shares

Indian Phosphate IPO Lot Size

Application	Lots	Shares	Amount
Retail (Min)	1	1200	₹118,800
Retail (Max)	1	1200	₹118,800
S-HNI (Min)	2	2400	₹237,600

Indian Phosphate IPO Objectives

The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:

General Corporate Purpose
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
Working Capital Requirements.

About Indian Phosphate Limited

Indian Phosphate Limited, founded in 1998, specializes in producing Linear Alkyl Benzene Sulfonic Acid (LABSA 90%), a key ingredient in various cleaning products, along with Single Super Phosphate (SSP) and Granules Single Super Phosphate (GSSP) fertilizers. The company’s manufacturing facility in Girwa, Udaipur, is strategically located near essential raw materials, including sulphuric acid and rock phosphate, with additional sourcing from major suppliers like IOCL, Nirma, and Reliance Industries. Indian Phosphate Limited serves several key states across India and employed 105 people as of March 31, 2024.

Indian Phosphate Limited Financial Information

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022	31 Mar 2021
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 and 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
				Amount in ₹ Lakhs

Indian Phosphate IPO Reservation

Investor Category	Shares Offered
QIB Shares Offered	Not more than 50.00% of the Net offer
Retail Shares Offered	Not less than 35.00% of the Offer
NII (HNI) Shares Offered	Not less than 15.00% of the Offer

Indian Phosphate IPO Timeline

Indian Phosphate IPO opens on August 26, 2024, and closes on August 29, 2024.

IPO Open Date	Monday, August 26, 2024
IPO Close Date	Thursday, August 29, 2024
Basis of Allotment	Friday, August 30, 2024
Initiation of Refunds	Monday, September 2, 2024
A credit of Shares to Demat	Monday, September 2, 2024
Listing Date	Tuesday, September 3, 2024
Cut-off time for UPI mandate confirmation	5 PM on August 29, 2024