Indian Phosphate IPO is a 100% book-built offer IPO. The company issued 68,04,000 fresh equity shares, for a Total issue size ₹67.36 Crores. IPO starts for bidding on Monday, 26 August 2024 close on Thursday, 29 August 2024. IPO list NSE SME on Tuesday, 03 September 2024. According to RHP company issue price band is ₹94 to ₹99 Per Equity Share, and every share’s face value is ₹10. One lot size 1,200 Shares.
Retail investors for Indian Phosphate Limited IPO minimum investment required 1 lot of 1,200 shares ₹118,800 and the HNI category minimum investment required 2 lots of 2,400 shares ₹237,600.
Indian Phosphate IPO Details
| Company Name | Indian Phosphate Limited |
| IPO Offer Type | 100% Book Built Offer |
| Fresh Issue Size | 68,04,000 Equity Shares Valued at ₹ 67.36 Crores |
| Offer For Sale ( OFS ) | No |
| Total Issue Size | 68,04,000 Equity Shares Valued at ( ₹67.36 Crores ) |
| Face Value | ₹10 |
| One Lot Size | 1,200 Shares |
| Price | ₹94/- to ₹99/- Per Equity Share |
| Listing Platform | NSE SME |
| Book Running Lead Manager | Beeline Capital Advisors Pvt. Ltd |
| Name of the Registrar | Bigshare Services Pvt. Ltd |
| Market Maker | Spread X Securities Pvt. Ltd |
| Sponsor Bank | Axis Bank |
| Indian Phosphate IPO RHP | Check Here |
| Indian Phosphate IPO DRHP | Check Here |
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Indian Phosphate IPO Date & Time Details Overview
| EVENTS | DATE & TIME |
|---|---|
| Issue Period | 26/08/2024 to 29/08/2024 |
| IPO Open | 26 August, 2024, Monday |
| IPO Close | 29 August 2024, Thursday |
| Bidding Time | 10.00 A.M to 5.00 P.M |
| Share Allotment Status | 30 August, 2024, Friday |
| Initiation of Refunds | 02 September 2024, Monday |
| Share Credit of Demat Accounts | 02 September 2024, Monday |
| Share List on NSE SME | 03 September 2024, Tuesday |
| Cut-off Time for UPI Mandate Confirmation | 29 August 2024, at 5.00 P.M |
| Mode of Bid | ASBA process or UPI only |
Indian Phosphate IPO Investors Investment Required
| Investor Types | Minimum Investment | Maximum Investment |
| Retail Investors | 1 Lot 1,200 Shares ₹118,800 | 1 Lot 1,200 Shares ₹118,800 |
| Non-Institutional Investors ( HNI ) | 2 Lots 2,400 Shares ₹237,600 | – |
Indian Phosphate IPO Category Wise Reservation
| Category | Total Limit ( % ) | Share Reservation |
| Retail Investors | Not Less than 35% of the net Issue. | Not less than 22,51,200 Equity Shares |
| Non-Institutional Investors ( NII ) | Not Less than 15% of the net issue. | Not less than 964,800 Equity Shares |
| QIB Investors | Not More than 50% of the net issue. | Not more than 32,14,800 Equity Shares. |
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Indian Phosphate Limited Company Details
| Market Capitalization | 247.4 Crores |
| Date of Foundation | December 14, 1998 |
| Company Identification Number | U24142RJ1998PLC015271 |
| Registration Number | 015271 |
| Company Business Sector | Chemicals |
Indian Phosphate Limited Business Details
All the products that Indian phosphate manufactures are linear alkylbenzene Sulphonic acid (LABSA) 90%, cakes, toilet cleaners, an anionic surfactant used in detergent powders, and liquid detergents. This company also produces Single Super Phosphate (SSP) and Granules Single Super Phosphate (GSSP). It also produces fertilizers, which are very essential for the agriculture industry.
The manufacturing plant of this company is located in Umarda, Girwa district, Udaipur, Rajasthan. The raw materials required to make the company’s product are sulfuric acid (98%, rock phosphate, and linear alkylbenzene (LAB). Linear alkylbenzene was obtained from IOCL, Nirma Ltd., Vadodara, and Reliance Industries Ltd., Patalganga. Indian Phosphate Limited is located in all the states in India, which are Punjab, Bihar, Haryana, Maharashtra, Rajasthan, Uttar Pradesh, Madhya Pradesh, Himachal Pradesh, West Bengal, Uttarakhand, and Gujarat.
Currently, the main products sold by this company are:
- Linear Alkyl Benezene Sulphonic Acid (LABSA 90%)
- Single Super Phosphate (Powdered/Granulated)
- Chicory
- Sulphuric Acid.
Indian Phosphate Limited Standalone Financial Performance
| Particulars | 31 March, 2024 | 31 March, 2023 | 31 March 2022 |
| Sales/Revenue | 70,625.53 | 77,093.20 | 55,838.56 |
| Total Expenses | 68,725.37 | 74,854.20 | 53,664.80 |
| Net Profit | 1,347.32 | 1,659.53 | 1,616.61 |
| Cash & Cash Equivalents | 29.28 | 4.18 | 14.07 |
| Operating Cash Flows | 191.11 | 1707.03 | 605.37 |
| Total Assets | 16,341.56 | 17,407.45 | 10,789.93 |
| Reserves and Surplus | 6,280.56 | 6,480.37 | 4,820.84 |
| Total Borrowing | 4,014.92 | 1,535.48 | 1,830.58 |
| Net Worth | 8,099.06 | 6,751.80 | 5,092.27 |
| Share Capital | 1,818.56 | 271.43 | 271.43 |
| EPS in Rupees | 7.41 | 9.13 | 8.89 |
| Net asset value ( NAV ) in Rupees | 44.54 | 37.13 | 28.00 |
Company Fundamental Key Details
| Particulars | 31 March, 2024 | 31 March, 2023 | 31 March 2022 |
| ROE | 18.14% | 28.02% | 37.74% |
| ROCE% | 20.94% | 31.00% | 42.08% |
| PAT Margin% | 1.91% | 2.16% | 2.90% |
| EBITDA Margin% | 3.27% | 3.22% | 4.24% |
| RONW% | 16.63% | 24.58% | 31.75% |
| ROI% | 16.64% | 24.58% | 31.75% |
| Inventory Turnover Ratio | 12.76 | 21.22 | 33.61 |
| Debt to Equity Ratio | 0.50 | 0.23 | 0.36 |
| Net Capital Turnover Ratio | 17.00 | 19.36 | 17.57 |
Indian Phosphate Limited Promoter & Board of Directors
Mr. Ravindra Singh, Mrs Mamta Arora and Mr Rushil Arora are promoters of Indian Phosphate Limited.
| Name | Designation |
| Mr. Ravindra Singh | Chairman cum Managing Director |
| Mr. Rushil Arora | Executive Director |
| Mr. Rohit Paragbhai Parmar | Executive Director |
| Mr. Purushotam Dass Siwal | Independent Director |
| Ms. Rohini Avchar | Independent Director |
| Mr. Sailesh Kumar Jain | Independent Director |
| Mr. Hatim Hussain Kankroli Wala | Independent Director |
Indian Phosphate IPO Share Holding Pre-issue & Post-Issue
| Share Holders | Pre-Issue Holding | Post-Issue Holding |
| Mr. Ravindra Singh | 78.88% | 57.40% |
| Mrs Mamta Arora | 10.06% | 7.32% |
| Mr. Rushil Arora | 5.53% | 4.02% |
| Mrs. Rushita Arora | 5.53% | 4.02% |
| TOTAL>> | 100% | 72.77% |
Indian Phosphate IPO Object of the Issue
- Setting up a new manufacturing plant at SIPCOT Industrial Park, Phase-I, Village Kudikadu, Cuddalore District.
- To Meet Working Capital Requirements.
- General Corporate Purposes.
Check IPO Allotment Status From Issue Registrar
| Registrar | Bigshare Services Pvt. Ltd |
| Address: | S6-2, 06th Floor, Pinnacle Business Park, Nest to Ahura Centre, Mahakali Caves Road, Andheri (East), Mumbai 400093, India |
| Tel. Number: | +91 22-62638200 |
| E-mail: | [email protected] |
| Check Allotment>> | ipo.bigshareonline.com/ipo_status.html |
Indian Phosphate Ltd Office Address & Contact Details
| Address: | Plot 638, Sector-11, Udaipur City, Girwa, Rajasthan- 313001, India |
| Tel No: | 0294-2946959 |
| Email Id: | [email protected] |
| Website: | indianphosphate.com |
FAQ
What is the IPO price of Indian Phosphate share?
The company set a price band for applying IPO is ₹94 to ₹99 Per Equity Share, Each share's face value is Rs 10.
What is the Indian Phosphate IPO Open Date?
Indian Phosphate IPO starts bidding on Monday, 26 August 2024.
What is the Indian Phosphate IPO Close Date?
Indian Phosphate IPO closes on Thursday, 29 August 2024.
What is the Indian Phosphate IPO Listing Date?
Indian Phosphate IPO listing NSE SME on Tuesday, 03 September 2024.
What is the Indian Phosphate IPO?
Indian Phosphate Limited issued 68,04,000 fresh equity shares, for a Total issue size ₹67.36 Crores. IPO starts for bidding on Monday, 26 August 2024 close on Thursday, 29 August 2024. According to RHP company issue price band is ₹94 to ₹99 Per Equity Share, and every share's face value is ₹10. One lot size 1,200 Shares.
