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Indian Phosphate IPO Dates, Price Band, Rating, Analysis, and Allotment Details 2024

Indian Phosphate IPO

#1. Quick Intro to Indian Phosphate IPO

The initial public offering (IPO) of Indian Phosphate will open for subscription on August 26 and close on August 29, comprising fresh issues of Rs.67.36 crore. An investor can apply for the issue for a minimum of 1200 shares and the listing will happen on September 03, 2024.  

Indian Phosphate Limited (1998) is engaged in the production of Linear Alkylbenzene Sulfonic 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. The company also engaged in the manufacturing of “Single Super Phosphate” (SSP) fertiliser 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. Single Super Phosphate and Granules Single Super Phosphate are a natural fertiliser used in agriculture.

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#2. IPO Object of Indian Phosphate    

The company intends to use the IPO Funds for the following purposes: 

  1. Setting up a new facility at SIPCOT Industries park.
  2. Funding to meet the working capital requirement of the company
  3. General corporate purposes and issue expenses. 

#3. Indian Phosphate Core Strengths 

  1. Quality assurance 
  2. Cost-effective sourcing and strategic location of manufacturing unit
  3. Experienced promoters and management team

#4. Indian Phosphate IPO Review & Rating

Issue Size  Rs.67.36 crore
Issue Price  Rs.94-99 per share 
Minimum Lot Size 1200 Shares
Total Profit (Latest)  Rs.1210.21 Lakhs
ROE (%) 18.14
RONW (%) 20.93
Listing on NSE (SME)
IPO Deliver Rating Two

 

#5. Indian Phosphate IPO Dates, Price Band & Details

Indian Phosphate IPO will open on August 26, 2024, and close on August 29, 2024. The IPO is to be listed on September 03, 2024.  

Type of issue Book Built Issue IPO
Issue Size Rs.67.99 crore
Price Brand Rs.94-99 per share
Face Value Rs. 10/- per share
IPO Open Date August 26, 2024
IPO Close Date August 29, 2024
IPO Allotment Date August 30, 2024
Refund Date September 03, 2024
Share Credit Date September 03, 2024
Listing Date September 03, 2024

 

#6. Indian Phosphate IPO Offer Details

Indian Phosphate IPO’s total issue size is 68,04,000 shares, comprising the below-mentioned categories. 

Offer Category Shares Offer Amount (Crore)
Fresh Issue         68,04,000     Rs.67.36
Offer for Sale (OFS)

 

#7. Indian Phosphate Financials Overview (Lakhs)

The following table sets forth the summary of financial information of the company for the period March 31, 2024, March 31, 2023 and March 31, 2022.

Category (Rs.) March 2024 March 2023 March 2022
Total Revenue 70625.53 77093.20 55838.56
Net Worth 8099.06 6751.80 5092.27
Profit 1347.32 1659.53 1616.61
Total Borrowings 4023.17 1535.48 1830.58

 

#8. Indian Phosphate Quantitative Factors 

The following table sets forth the summary of financial information of the company for the period March 31, 2024, March 31, 2023 and March 31, 2022. 

Category March 2024 March 2023 March 2022
EPS (Rs.) 7.41 9.13 8.89
RoNW (%) 16.63 24.58 31.75
NAV (Rs.) 44.54 37.13 28.00

 

#9. Indian Phosphate Comparison with Other Peer Companies (Top 2)

Listed companies in India are comparable in all aspects of the business. 

Company Names Total Revenue

(In Lakhs)

RoNW (%) NAV
Rama Phosphates 60316.82 (8.81) 199.41

 

#10. Indian Phosphate Company Promoters 

The company has three promoters as per the Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP). 

Sr. No. Name of Promoters
01. Ravindra Singh
02. Mamta Arora
03. Rushil Arora

 

#11. Indian Phosphate Pre-offer and Post-Offer Promoters Shareholding

Promoters Holding Percentage (%)
Pre-issue  100.00
Post-issue

 

#12. Indian Phosphate IPO Reservation Details

Indian Phosphate IPO total reservation shares are distributed between the below-mentioned categories. 

Category Share Offered
QIB/others Shares Offered Not more than 50% of the Net Offer
Retail Shares Offered Not less than 35% of the Net Offer
NII Shares Offered Not less than 15% of the Net Offer

 

Click here for the previous SME IPO

#13. Indian Phosphate IPO – Lot Size

An investor can apply for a minimum of 1200 Shares in multiple thereof. Market lot sizes for the retail individual investors and non-institutional investor (NII)/ HNI investors are as follows:

Application Lot Size No. of Shares Amount (Rs.)
Retail (Min.) 1 1200 1,18,800
Retail (Max.) 1 1200 1,18,800
HNI (Min.) 2 2400 2,37,600

 

#14. Indian Phosphate IPO – Prospectus Copy

An investor can download/view the Indian Phosphate prospectus copy, which the company filed to exchange, details are as follows. 

Indian Phosphate IPO Prospectus
Draft Red Herring Prospectus (DRHP)
Red Herring Prospectus (RHP)

 

#15. Indian Phosphate IPO Registrar 

Bigshare Services Private Limited 

Website: www.bigshareonline.com

#16. Indian Phosphate IPO Lead Managers

Beeline Capital Advisors Limited

Website: www.beelinemb.com

#17. Indian Phosphate IPO Application (How to Apply for an IPO)

There are three primary options for applying for an Indian Phosphate IPO, details are as follows: 

Option-1 Apply for IPO through Internet Banking

Step-1. Log into your bank account.

Step-2. In the invest Tab, you will see ASBA, click on it.

Step-3. Choose to apply for IPO and select the ongoing IPO “Indian Phosphate Limited”

Step-4. Enter the basic details like bid quantity, price, PAN, etc. then proceed with payment. 

Step-5. After the above steps, the respective amount will get blocked until the allotment date, and after that, it will get a refund/debited in case of rejection/allotment respectively. 

Option-2 Apply for IPO through a Broker firm

Step-1. Log into your broker account (e.g. Upstox/Zerodha etc.)

Step-2. Click on the IPO tab and select the ongoing IPO “Indian Phosphate Limited”

Step-3. Enter the basic details like bid quantity, price, PAN, etc. then enter UPI ID and proceed with payment.

Step-4. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your account or refunded if no allotment is made to you. 

Option-3 Apply for IPO Offline Mode Bank mode

Step-1. Visit the nearest branch of your bank.

Step-2. Fill out the ASBA form and submit it with KYC details. 

Step-3. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your bank account or refunded if no allotment is made to you. 

#18. Indian Phosphate Company Details

Indian Phosphate Limited 

Registered Office: Plot 638, Sector-11, Udaipur City, Girwa, Rajasthan- 313001, India

Email: investor@indianphoshate.com

Website: www.indianphoshate.com

#19. Indian Phosphate Subsidiary Companies (Top 2)

Sr.No. Name of Companies (Indian)
01.
02.

 

#20. Indian Phosphate Company Board (Top 2)

Sr. No. Name of Directors
01. Ravindra Singh
02. Mamta Arora

 

Indian Phosphate IPO – Frequently Asked Questions (FAQs)

#1. What is an Indian Phosphate IPO?

Indian Phosphate brings its IPO of Rs.67.36 crore, on August 26, 2024, with a price band of Rs.94-99 per share.

 

#2. What is the Indian Phosphate IPO Open date?

Indian Phosphate IPO’s opening date is August 26, 2024.

 

#3. What is the Indian Phosphate IPO Close Date?

Indian Phosphate IPO’s closing date is August 29, 2024.

 

#4. What is the Indian Phosphate IPO Listing date?

Indian Phosphate IPO listing date is September 03, 2024.

 

#5. What is the Indian Phosphate IPO Minimum investment amount?

Indian Phosphate IPO’s minimum investment amount is Rs.1,18,800

 

#6. What is the Indian Phosphate IPO offer issue Size?

Indian Phosphate offers an issue size of Rs.67.36 crore.

 

#7. What is the Indian Phosphate IPO Price Band?

Indian Phosphate’s IPO price band is Rs.94-99 per share.

 

#8. Is Indian Phosphate IPO mainboard IPO or SME IPO?

Indian Phosphate IPO is an SME IPO.

 

79 thoughts on “Indian Phosphate IPO Dates, Price Band, Rating, Analysis, and Allotment Details 2024”

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