Krishana Phoschem IPO
Krishana Phoschem is primarily engaged in manufacturing of fertilizers, intermediate dyes and other allied chemical products in the state of Madhya Pradesh. The company is a manufacturer of Benefited Rock Phosphate (BRP), Single Super Phosphate (SSP), Granulated Single Super Phosphate (GSSP), H-Acid, intermediate dyes and other allied chemicals. Its products Single Super Phosphate (SSP) and Granulated Single Super Phosphate (GSSP) are used in replenishing “P” (Phosohorous) in the soil and act as a fertilizer for crop. Initially, the company was engaged in manufacturing of BRP and further expanded to forward integration in manufacturing of SSP and GSSP and expanding for Diversification in intermediate dyes and other allied chemicals.
Krishana Phoschem manufactures specialized chemicals used for dying cloth such as H acid, E K acid, Vinyl sulphone, PNCBOSA, 4 sulphoantranilic acid, Violet acid, Sulpho Tobias acid. The chemicals produce by it are used as Dye intermediate specifically for textiles Industry.
Krishana Phoschem’s manufacturing facilities are located near the Jhabua, Meghnagar District (Madhya Pradesh) and are distributed in two units:
- Unit - I located at 115-120 & 126-133, A.K.V.N. Industrial Area, Meghnagar, Jhabua, Madhya Pradesh installed with production capacity of 200000 MT of Beneficiated Rock Phosphate (BRP), 120000 MT of Single Super Phosphate (SSP) and 90000 MT of Granulated Single Super Phosphate (GSSP).
- Unit - II located at 142 & 143, AKVN Industrial Area, Meghnagar, Jhabua, Madhya Pradesh with installed capacity of acids and other chemicals such as E K Acid, H Acid, H-ACID (By Production from E K Acid), PNCBOSA, Sulpho Anthranilic Acid, Sulpho tobias Acid (STA), Vinyl Sulphone and Voilet Acid.
In addition to above, the company is in process for installation of Unit - III located at 126 A & 134, AKVN Industrial Area, Meghnagar, Jhabua, Madhya Pradesh for manufacturing of sulphuric acid, Chloro sulphonic Acid, Liquid SO3 and other allied chemicals. Sulphuric acid is a highly corrosive strong mineral acidulfuric acid has a wide range of applications including in domestic acidic drain cleaners, as an electrolyte in lead-acid batteries and in various cleaning agents. It is also a central substance in the chemical industry.
Promoters of Krishana Phoschem – Praveen Ostwal, Ostwal Phoschem (India) Limited and Seasons Agro Chem India Private Limited
Krishana Phoschem IPO details
|Subscription Dates||13 - 16 February 2017|
|IPO Price||INR30 per share|
|Offer for sale||6,576,000 shares (INR19.72 crore)|
|Total IPO size||6,576,000 shares (INR19.72 crore)|
|Minimum bid (lot size)||4,000 shares|
|Face Value||INR10 per share|
|Listing On||NSE Emerge (SME platform)|
Krishana Phoschem’s financial performance (in INR crore)
Profit after tax
Krishana Phoschem Subscription Details
Subscription (no. of times)
LISTING PERFORMANCE OF Krishana Phoschem IPO
IPO Opening Date: 13 February 2017
IPO Closing Date: 16 February 2017
Listing Date: 27 February 2017
Listing Price on NSE SME: To be updated
Closing Price on NSE SME: To be updated