Indian Phosphate IPO will open for subscription from 26 August 2024. The company aims for an issue size of ₹67.36 Cr through this IPO.
Company Overview
| Full name | Indian Phosphate Limited |
| Sector | Chemicals |
| Industry | Fertilizers |
| Company Website | https://indianphosphate.com/ |
About Company
The company is primarily engaged in the production of Linear Alkyl Benzene Sulfonic Acid LABSA 90%, an anionic surfactant used in the manufacture of all types of detergents, cakes, toilet cleaners, and liquid detergents. Single Superphosphate fertilizers are manufactured and supplied in the form of powder and granules enriched with zinc and boron as per the norms of the Fertilizer Control Ordinance of India. The company operates its manufacturing facility in Udaipur, Rajasthan. Its key raw materials Sulphuric Acid 98% and Rock Phosphates are available in close proximity to the production facility. Linear Alkyl Benzene, the other major raw material, is procured from IOCL (Vadodara), Nirma Ltd (Vadodara) and Reliance Industries Ltd (Patalganga).
Indian Phosphate has acquired a land parcel measuring 8.25 acres on a leasehold basis in Tamil Nadu, with an installed capacity of 200 tonnes/day for Sulphuric Acid including manufacturing of LABSA 90% with an installed capacity of 100 tonnes/day. The installed capacity of Magnesium Sulphate is 60 t/day. The company is present in the major states of Punjab, Bihar, Gujarat, Haryana, Madhya Pradesh, Maharashtra, Rajasthan, Uttar Pradesh, Himachal Pradesh, West Bengal and Uttarakhand.
The Objectives of the Issue
- 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 Timetable
| IPO Opening date | 26 August 2024 |
| IPO Closing | 29 August 2024 |
| Basis of Allotment | 30 August 2024 |
| Initiation Refund | 02 September 2024 |
| Credit to Demat Account | 02 September 2024 |
| Listing Date | 03 September 2024 |
Indian Phosphate IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹67.36 Cr – 6,804,000 shares |
| Fresh Issue | ₹67.36 Cr – 6,804,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Price Band | ₹94 to ₹99 per share |
| Lot size | 1200 Shares |
| Market Maker portion | 373,200 shares |
| Shareholding pre-issue | 18,185,609 |
| Shareholding post-issue | 24,989,609 |
| Listing Exchange | NSE SME |
Indian Phosphate IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹118,800 |
| Retail (Max) | 1 | 1200 | ₹118,800 |
| HNI (Min) | 2 | 2,400 | ₹237,600 |
Indian Phosphate Offer Documents
Reservation Details
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Indian Phosphate Financial Performance
| FY 2021 | FY 2022 | FY 2023 | 7M FY 2024 | |
| Revenue | 414.52 | 557.15 | 768.69 | 408.72 |
| Expenses | 408.20 | 536.65 | 748.54 | 398.97 |
| Net income | 5.09 | 16.17 | 16.60 | 9.09 |
Indian Phosphate Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 2.80 | 8.89 | 9.13 |
| PE ratio | – | – | 10.41 – 10.84 |
| RONW (%) | 14.66 | 31.75 | 24.58 |
| NAV | 19.11 | 28.00 | 37.13 |
| ROCE (%) | 19.65 | 42.08 | 31.00 |
| EBITDA (%) | 2.09 | 4.24 | 3.22 |
| Debt/Equity | 0.12 | 0.36 | 0.23 |
Company Promoters
- Mr. Ravindra Singh
- Mrs. Mamta Arora
- Mr. Rushil Arora
Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding |
Indian Phosphate Offer GMP Update
Coming Soon
Indian Phosphate IPO Subscription Update
Coming Soon
Indian Phosphate IPO Allotment Status
Indian Phosphate IPO allotment status will be available on Bigshare Services’ website. Click on this link to get allotment status.
Indian Phosphate IPO Listing Details
| Listing Date | 03 September 2024 |
| BSE Scrip Code | Coming Soon |
| NSE Symbol | |
| ISIN | |
| Final Issue Price |
Listing Day Update
| Listing Exchange | NSE SME |
| Final Issue Price | Coming Soon |
| Open | |
| Low | |
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Indian Phosphate IPO Lead Manager(s)
BEELINE CAPITAL ADVISORS PRIVATE LIMITED
B 1311-1314, Thirteenth Floor, Shilp Corporate Park,
Rajpath Rangoli Road, Thaltej, Ahmedabad- 380054,
Gujarat, India
Phone: 079 4918 5784
Email: mb@beelinemb.com
Website: www.beelinemb.com
Indian Phosphate Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Indian Phosphate Contact Details
INDIAN PHOSPHATE LIMITED
Plot 638, Sector-11, Udaipur City, Girwa,
Rajasthan- 313001, India
Phone: 0294-2946959
E-mail: investor@indianphosphate.com
Website: www.indianphosphate.com
Indian Phosphate FAQs
What is Indian Phosphate offer size?
Indian Phosphate offer size is ₹ 67.36 crores.
What is Indian Phosphate offer price band?
Indian Phosphate public offer price is ₹ 94 – 99 per share.
What is the lot size of Indian Phosphate IPO?
Indian Phosphate offer lot size is 1,200 shares.
What is Indian Phosphate IPO GMP today?
Indian Phosphate IPO GMP today is ₹ NA per share.
What is Indian Phosphate kostak rate today?
Indian Phosphate kostak rate today is ₹ NA per application.
What is Indian Phosphate Subject to Sauda rate today?
Indian Phosphate’s Subject to Sauda rate today is ₹ per application.
Final thoughts
Indian Phosphate IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. Study the company well and subscribe if you feel good about it. I hope this post will give you enough details to research the company fundamentally. learn well and make wise decisions.
Happy Investing
