Indian Phosphate Limited is mainly engaged in the production of Linear Alkylbenzene Sulphonic Acid LABSA 90%, popularly known as LABSA, is an anionic surfactant and it is used in the formulation of all types of detergent powders, cakes, toilet cleaners and liquid detergents. They are also engaged in the manufacturing of “Single Super Phosphate” (SSP) fertilizer and “Granules Single Super Phosphate” (GSSP) Fertilizer which is manufactured and supplied as per the standards of Fertilizer Control Order of India in powder and granulated form as well as fortified with zinc and boron. The company operates from its manufacturing facility located at Plot No. 5056, Village: Umarda, Girwa district, Udaipur, Rajasthan which is nearby of supply of both the raw materials (a) Sulphuric Acid 98% (b) Rock Phosphate used in manufacturing of their products. The Company has a presence in major states like Punjab, Bihar, Gujarat, Haryana, Madhya Pradesh, Maharashtra, Rajasthan, Uttar Pradesh, Himachal Pradesh, West Bengal and Uttarakhand.
Indian Phosphate furthermore also produces Zincated Single Super Phosphate – “Powder/Granules” and Zincated and boronated Single Super Phosphate – “Granules” by formulating zinc and boron into the granulator and powder hopper along with Single Super Phosphate powder in required proportion. The company, to increase its business presence in South Indian Markets and also as a part of its business strategy they are setting up a manufacturing plant of Sulphuric Acid which is a backward integration plant for manufacturing of LABSA 90%. The company has acquired a Plot admeasuring area of 8.25 acres on a lease basis at SIPCOT Industrial Park, Cuddalore District, Tamilnadu for Sulphuric acid with an installed capacity of 200 MT/ day including manufacturing of LABSA 90% with an installed capacity of 100 MT/ day & Magnesium Sulphate with an installed capacity of 60 MT/day.
Objects 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 Review
- May Apply
Indian Phosphate IPO Date & Price Band Details
| IPO Open: | August 26, 2024 |
| IPO Close: | August 29, 2024 |
| IPO Size: | Approx ₹67.36 Crores, 6,804,000 Equity Shares |
| Fresh Issue: | Approx ₹67.36 Crores, 6,804,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹94 to ₹99 Per Equity Share |
| IPO Listing on: | NSE SME |
| Issue Type: | Book Built Issue IPO |
| Retail Quota: | 35% of the net offer |
| QIB Quota: | 50% of the net offer |
| NII Quota: | 15% of the net offer |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors in IPO: | Click Here |
Indian Phosphate IPO Market Lot
The Indian Phosphate IPO minimum market lot is 1200 shares with a ₹118,800 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 1200 | ₹118,800 |
| Retail Maximum | 1 | 1200 | ₹118,800 |
| S-HNI Minimum | 2 | 2400 | ₹237,600 |
Indian Phosphate IPO Dates
The Indian Phosphate IPO date is August 26 and the IPO close date is August 29. The IPO allotment date is August 30 and the IPO might list on September 3.
| 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 |
You can check IPO subscription status and IPO allotment status on their respective pages.
Indian Phosphate IPO Form
How to apply Indian Phosphate IPO? You can apply Indian Phosphate IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Indian Phosphate IPO in the Invest section. The other option you can apply Indian Phosphate IPO via IPO forms download via the NSE website. Check out the Indian Phosphate forms – click NSE IPO Forms download, fill and submit in your bank or with your broker.
Indian Phosphate Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2022 | ₹558.39 | ₹536.65 | ₹16.17 |
| 2023 | ₹770.93 | ₹748.54 | ₹16.60 |
| 2024 | ₹706.26 | ₹687.25 | ₹13.47 |
Indian Phosphate IPO Valuation – FY2024
Check Indian Phosphate IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹7.41 per Equity Share |
| Price/Earning P/E Ratio: | NA |
| Return on Net Worth (RoNW): | 16.63% |
| Net Asset Value (NAV): | ₹44.54 per Equity Share |
Peer Group
- Rama Phosphates Limited
Company Promoters
- Mr. Ravindra Singh
- Mrs. Mamta Arora
- Mr. Rushil Arora
Indian Phosphate IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: [email protected]
Website: http://www.bigshareonline.com
Indian Phosphate IPO Allotment Status
Check Indian Phosphate IPO allotment status on Bigshare website URL. Click Here
Indian Phosphate IPO Lead Managers aka Merchant Bankers
- Beeline Capital Advisors Pvt Ltd
Company Address
Indian Phosphate Limited
Plot 638, Sector-11,
Udaipur City, Girwa,
Girwa – 313001
Phone: 0294-2946959
Email: [email protected]
Website: http://www.indianphosphate.com/
