Agro Phos India started their subscription on October 27 and ended on November 7. The SME IPO of Agro Phos India got good numbers in subscription. It was over subscribed 17 times around 200 crores. Agro Phos India offered price is Rs.19 to 22 (58,80,000 equity shares).
The highest ever subscription got by Agro Phos India and it is around Rs.200 crores for SME IPO it means investors are looking to invest in small cap companies as well. Let’s see how it will come up with listing.
Agro Phos India registar is Bigshare Services. One can check their Agro Phos IPO allotment status on their official website: http://www.bigshareonline.com. The lead managers are Indian Overseas Bank and PANTOMATH CAPITAL ADVISORS PRIVATE LIMITED.
Agro Phos India started their business in 2002. They are manufacturer of fertilisers. The facilities located at Dewas and Meghnagar, Madhya Pradesh. The company promoters are Raj Kumar Gupta & Vishnu Kant Gupta. Company’s object of the issue is re-payment and pre-payment of certain borrowings. They need working capital and other expenses.
