Indian Phosphate IPO subscription status started on August 26, 2024, and will close on August 29, 2024. The company aims to raise approximately ₹67.36 crore via this IPO. The retail quota is 35%, QIB is 50% and NII is 15%. The price band is fixed at ₹99 to ₹99 per equity share.
The IPO consists of a minimum market lot of 1200 Shares requiring an application amount of ₹1,18,800. Indian Phosphate is an SME IPO, and it will be listed on the NSE.
Table of contents
IPO Overview
Indian Phosphate Limited primarily focuses on producing Linear Alkylbenzene Sulphonic Acid (LABSA 90%), an anionic surfactant widely used in detergent powders, cakes, toilet cleaners, and liquid detergents. Additionally, the company manufactures “Single Super Phosphate” (SSP) and “Granules Single Super Phosphate” (GSSP) fertilizers. These produce in accordance with the Fertilizer Control Order of India, available in both powder and granulated forms, and can be fortified with zinc and boron.
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We advise investors to consider applying for an IPO with a long-term perspective. It’s also important to review the QIB, NII, and Retail subscription figures before making an investment decision.
Indian Phosphate IPO Subscription Status
| Category | Day 1 | Day 2 | Day 3 | Day 4 |
|---|---|---|---|---|
| QIB | 0.39 | 3.63 | 8.90 | 181.58 |
| NII | 8.50 | 26.50 | 61.84 | 441.01 |
| RII | 20.33 | 62.06 | 132.55 | 243.02 |
| Total | 12.10 | 37.75 | 82.07 | 267.89 |
Indian Phosphate IPO Investor Categories
- Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, Mutual Funds
- Non-Institutional Investors (NII): Individual Investors, NRIs, Companies, Trusts, etc.
- Retail Individual Investors (RII): Retail Individual Investors or NRIs
- Employee (EMP): Eligible Employees
- Others: Eligible Shareholders
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Indian Phosphate IPO Form
To apply for the Indian Phosphate IPO, use ASBA via your bank’s online portal or download and submit IPO forms through your bank or broker.
FAQs
The IPO subscription starts on August 26, 2024, for NII,QIB, and Retail Investors.
You can apply through ASBA and non-ASBA options via your bank account, broker, or UPI app.
Visit our portal for live IPO subscription numbers updated hourly. Live data is also available on the official IPO page.
Log in to Zerodha Console, select the IPO and complete your bid. Approve the mandate via UPI.
Open Zerodha Demat Account
Log in to Angel One, select the IPO and complete your bid. Approve the mandate via UPI.
Open Angel One Demat Account
Log in to Paytm Money, select the IPO, and complete your bid. Approve the mandate via UPI.
Open Paytm Money Demat Account
Log in to Upstox, select the IPO, and complete your bid. Approve the mandate via UPI.
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