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

Indian Phosphate IPO Lot Size

Indian Phosphate IPO Objectives

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

1. General Corporate Purpose
2. 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
3. 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

Indian Phosphate IPO Reservation

Indian Phosphate IPO Timeline

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