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 |
Key Performance Indicator
The market capitalization of Indian Phosphate IPO is Rs 247.4 Cr.
KPI as of March 31, 2024.
Indian Phosphate Promoter Holding
The company’s promoters are Mr. Ravindra Singh, Mrs. Mamta Arora, and Mr. Rushil Arora.
| KPI | Values |
| ROE | 18.14% |
| ROCE | 20.93% |
| RoNW | 16.63% |
| P/BV | 2.23 |
| PAT Margin (%) | 1.91 |
| Share Holding Pre-Issue | 100.00% |
| Share Holding Post Issue |
