The Indian Phosphate IPO date has been finalized, with the offering set to open on August 26 and close on August 29. Furthermore, Indian Phosphate, as part of the NSE SME segment, aims to raise ₹67.36 crores through this IPO. Additionally, the price band for the IPO has been set between ₹94 and ₹99, with a minimum market lot of 1,200 shares.
Table of contents
- Indian Phosphate IPO Overview
- Company Details
- Key Dates
- Financials (₹ in Crores)
- Objective of the Issue
- Company Promoters
- Indian Phosphate IPO GMP (Grey Market Premium)
- Indian Phosphate IPO Application Form PDF
- Indian Phosphate IPO Subscription Status
- Indian Phosphate IPO Allotment Status
- IPO Review
- Indian Phosphate IPO Registrar
- Indian Phosphate IPO Lead Manager
- Indian Phosphate Limited Contact
- Indian Phosphate IPO FAQs
Indian Phosphate IPO Overview
| Company Name | Indian Phosphate Limited |
| Industry | Manufacturing (Chemicals and chemical products) |
| IPO Issue Type | Book Built Issue |
| Open Date | August 26, 2024 |
| Close Date | August 29, 2024 |
| Total Issue Size | ₹67.36 Crores (6,804,000 Equity Shares) |
| Face Value | ₹10 Per Equity Share |
| Fresh Issue | ₹67.36 Crores (6,804,000 Equity Shares) |
| Price Band | ₹94 to ₹99 Per Share |
| Listing on | NSE SME |
| Lot Size | 1200 shares |
| Offer for Sale | ₹0 |
| Shares Offered to Retail | 35% |
| Shares Offered to QIB | 50% |
| Shares Offered to HNI | 15% |
Company Details
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.
The company’s manufacturing facility is located at Plot No. 5056, Village Umarda, Girwa district, Udaipur, Rajasthan. This site benefits from its proximity to essential raw materials: Sulphuric Acid 98% and Rock Phosphate. Indian Phosphate Limited has a significant presence across states such as Punjab, Bihar, Gujarat, Haryana, Madhya Pradesh, Maharashtra, Rajasthan, Uttar Pradesh, Himachal Pradesh, West Bengal, and Uttarakhand.
Furthermore, Indian Phosphate Limited produces Zincated Single Super Phosphate—both in powder and granules—as well as Zincated and Boronated Single Super Phosphate granules. This involves integrating zinc and boron into the granulator and powder hopper with SSP powder.
To expand its market presence in South India and enhance its business strategy, the company is setting up a new manufacturing plant for Sulphuric Acid, which will also support the production of LABSA 90%. The new facility, located on an 8.25-acre leased plot at SIPCOT Industrial Park, Cuddalore District, Tamil Nadu, will have an installed capacity of 200 MT/day for Sulphuric Acid, 100 MT/day for LABSA 90%, and 60 MT/day for Magnesium Sulphate.
Key Dates
| IPO Open Date | August 26, 2024 |
| IPO Close Date | August 29, 2024 |
| Basis of Allotment | August 30, 2024 |
| Refunds | September 2, 2024 |
| Credit to Demat Account | September 2, 2024 |
| IPO Listing Date | September 3, 2024 |
Financials (₹ in Crores)
| Year | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | ₹255.18 | ₹174.07 | ₹107.89 |
| Revenue | ₹717.57 | ₹770.93 | ₹558.38 |
| Profit After Tax (PAT) | ₹12.10 | ₹16.59 | ₹16.16 |
| Net Worth | ₹80.99 | ₹67.51 | ₹50.92 |
| Total Borrowings | ₹40.23 | ₹15.35 | ₹18.30 |
Objective of the Issue
- Firstly, establish a new manufacturing facility at SIPCOT Industrial Park Phase-I, Kudikadu Village, Cuddalore District, Tamil Nadu. This facility will focus on the production of Sulphuric Acid, LABSA 90%, and Magnesium Sulphate.
- Secondly, we will allocate the funds to meet working capital requirements.
- Additionally, we will use the proceeds for general corporate purposes.
Company Promoters
- Mr. Ravindra Singh
- Mrs. Mamta Arora
- Mr. Rushil Arora
Indian Phosphate IPO GMP (Grey Market Premium)
Curious about the latest Grey Market Premium (GMP) for the Indian Phosphate IPO? Look no further! Visit our dedicated IPO GMP section where we keep you in the loop with daily updates on all IPOs, including Indian Phosphate Limited. Additionally, stay ahead of the game with real-time GMP insights that can help you make informed investment decisions.
Indian Phosphate IPO Application Form PDF
To download the Indian Phosphate IPO application form, simply check out the IPO Forms. Additionally, you can download the ASBA IPO Forms PDF.
Indian Phosphate IPO Subscription Status
This IPO subscription kicks off on August 26, 2024! Meanwhile, if you’re looking to stay updated with the latest subscription figures, head over to our IPO Subscription section for real-time data on all ongoing IPOs. Moreover, don’t miss out on the action—track the progress as it happens!
Indian Phosphate IPO Allotment Status
To check the Indian Phosphate IPO allotment status go to the IPO registrar website Bigshare Services Private Limited or go to IPO Allotment.
Firstly, follow the steps below:
- Firstly, go to the link given above.
- Secondly, select the company name.
- Then, enter your PAN Number, Beneficiary Number, Application Number, or CAF Number.
- Finally, submit the details to get the allotment status.
IPO Review
Strengths:
- With over two decades of experience, the company excels in producing LABSA and phosphate-based fertilizers.
- By producing both industrial surfactants and agricultural fertilizers, the company effectively taps into multiple industries.
- The plant, located in Girwa, Udaipur, benefits from its proximity to essential raw materials like sulfuric acid and rock phosphate, thereby reducing transportation costs.
- Indian Phosphate Limited sources its key raw material, linear alkyl benzene (LAB), from reliable suppliers, which ensures consistency in production.
- Moreover, the company manufactures fertilizers in strict accordance with the Fertilizer Control Regulation of India.
Risks:
- The prices of raw materials such as sulfuric acid, rock phosphate, and LAB can be highly volatile; consequently, fluctuations may impact costs.
- Authorities heavily regulate the fertilizer and chemical industries to ensure compliance with stringent standards.
- Moreover, the company operates in a competitive market, facing numerous established players in both the surfactant and fertilizer sectors.
- Additionally, the sale of SSP and GSSP fertilizers generates a significant portion of the company’s revenue, underscoring their importance to the business.
- Given the dependency on key raw material suppliers and operations across multiple states, any disruptions due to logistical challenges could, in turn, affect overall operations.
- While the company maintains a presence in many states, any downturn in key regions such as Rajasthan could, therefore, impact overall performance.
Indian Phosphate IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
Indian Phosphate IPO Lead Manager
Beeline Capital Advisors Pvt Ltd
B 1311-1314, Thirteenth Floor Shilp Corporate Park Rajpath Rangoli Road Thaltej
Ahmedabad, Ahmedabad City, Gujarat, India- 380054
Phone: +91 98368 22199
Email: info@gretexgroup.com
Website: https://gretexcorporate.com/
Indian Phosphate Limited Contact
Indian Phosphate Limited
Plot 638, Sector-11,
Udaipur City, Girwa,
Girwa – 313001
Phone: 0294-2946959
Email: investor@indianphosphate.com
Website: http://www.indianphosphate.com/
Indian Phosphate IPO FAQs
The Indian Phosphate IPO is an NSE SME IPO. Specifically, the company plans to raise ₹67.36 crores through this offering. The issue is priced between ₹94 and ₹99 per equity share. Furthermore, the IPO will be listed on the NSE.
The IPO is scheduled to open on August 26, 2024, for Qualified Institutional Buyers (QIB), Non-Institutional Investors (NII), and retail investors.
The size of the IPO is ₹67.36 crores.
The price band for the IPO is set between ₹94 and ₹99 per equity share.
The listing date for the IPO is September 3, 2024. The IPO will be listed on the NSE SME.
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