Last updated on September 3, 2024
Indian Phosphate IPO description – The company is primarily engaged in the production of Linear Alkyl Benzene Sulfonic Acid LABSA 90%, an anionic surfactant used in the manufacture of all types of detergents, cakes, toilet cleaners, and liquid detergents. Single Superphosphate fertilizers are manufactured and supplied in the form of powder and granules enriched with zinc and boron as per the norms of the Fertilizer Control Ordinance of India.
The company operates its manufacturing facility in Udaipur, Rajasthan. Its key raw materials Sulphuric Acid 98% and Rock Phosphates are available in close proximity to the production facility. Linear Alkyl Benzene, the other major raw material, is procured from IOCL (Vadodara), Nirma Ltd (Vadodara) and Reliance Industries Ltd (Patalganga).
Indian Phosphate has acquired a land parcel measuring 8.25 acres on a leasehold basis in Tamil Nadu, with an installed capacity of 200 tonnes/day for Sulphuric Acid including manufacturing of LABSA 90% with an installed capacity of 100 tonnes/day. The installed capacity of Magnesium Sulphate is 60 t/day. The company is present in the major states of Punjab, Bihar, Gujarat, Haryana, Madhya Pradesh, Maharashtra, Rajasthan, Uttar Pradesh, Himachal Pradesh, West Bengal and Uttarakhand.
Promoters of Indian Phosphate – Mr. Ravindra Singh, Mrs. Mamta Arora, and Mr. Rushil Arora
Table of Contents
Indian Phosphate IPO Details
| Indian Phosphate IPO Dates | 26 – 29 August 2024 |
| Indian Phosphate Issue Price | INR 94 – 99 per share |
| Fresh issue | 68,04,000 shares (INR 63.96 – 67.36 crore) |
| Offer For Sale | NIL |
| Total IPO size | 68,04,000 shares (INR 63.96 – 67.36 crore) |
| Minimum bid (lot size) | 1,200 shares (INR 1,18,800) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | NSE EMERGE |
Indian Phosphate Financial Performance
| Â | FY 2022 | FY 2023 | FY 2024 |
| Revenue | 557.15 | 768.69 | 704.18 |
| Expenses | 536.65 | 748.54 | 687.25 |
| Net income | 16.17 | 16.60 | 13.47 |
Indian Phosphate Offer News
- Indian Phosphate RHP
- Indian Phosphate Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- Highest SME IPO Subscription in 2024
Indian Phosphate Valuations & Margins
| FY 2022 | FY 2023 | FY 2024 | |
| EPS | 8.89 | 9.13 | 7.41 |
| PE ratio | – | – | 12.69 – 13.36 |
| RONW (%) | 31.75 | 24.58 | 16.63 |
| NAV | 28.00 | 37.13 | 44.54 |
| ROCE (%) | 42.08 | 31.00 | 20.93 |
| EBITDA (%) | 4.24 | 3.22 | 3.27 |
| Debt/Equity | 0.36 | 0.23 | 0.50 |
Indian Phosphate IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 2 September 2024 | 100 | – | 98,000 |
| 30 August 2024 | 115 | – | 1,10,000 |
| 29 August 2024 | 125 | – | 1,20,000 |
| 28 August 2024 | 115 | – | 1,10,000 |
| 27 August 2024 | 100 | – | 91,000 |
| 26 August 2024 | 82 | – | 78,000 |
| 24 August 2024 | 65 | – | 58,000 |
| 23 August 2024 | 47 | – | 43,500 |
Indian Phosphate IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 12,86,400 | 9,64,800 | 22,51,200 | 45,02,400 |
| 29 Aug 2024 | 181.58 | 440.50 | 236.93 | 264.74 |
| 28 Aug 2024 | 8.90 | 61.97 | 130.82 | 81.23 |
| 27 Aug 2024 | 3.63 | 26.64 | 60.53 | 37.01 |
| 26 Aug 2024 | 0.39 | 8.33 | 19.59 | 11.69 |
The market maker reservation portion of 3,73,200 shares and anchor allocation of 19,28,400 shares are not included in the above calculations.
Indian Phosphate IPO Dates & Listing Performance
| IPO Opening Date | 26 August 2024 |
| IPO Closing Date | 29 August 2024 |
| Finalization of Basis of Allotment | 30 August 2024 |
| Initiation of refunds | 2 September 2024 |
| Transfer of shares to demat accounts | 2 September 2024 |
| IPO Listing Date | 3 September 2024 |
| Opening Price on NSE SME | INR 188.10 per share (up 90%) |
| Closing Price on NSE SME | INR 178.70 per share (up 80.51%) |
Indian Phosphate Offer Lead Manager
BEELINE CAPITAL ADVISORS PRIVATE LIMITED
B 1311-1314, Thirteenth Floor, Shilp Corporate Park,
Rajpath Rangoli Road, Thaltej, Ahmedabad- 380054,
Gujarat, India
Phone: 079 4918 5784
Email:Â [email protected]
Website:Â www.beelinemb.com
Indian Phosphate Offer Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone:Â +91 22 6263 8200
Email:Â Â [email protected]
Website:Â www.bigshareonline.com
Indian Phosphate IPO Contact Details
INDIAN PHOSPHATE LIMITED
Plot 638, Sector-11, Udaipur City, Girwa,
Rajasthan- 313001, India
Phone: 0294-2946959
E-mail: [email protected]
Website: www.indianphosphate.com
IPO FAQs
What is the Indian Phosphate offer size?
Indian Phosphate offer size is INR 63.96 – 67.36 crores.
What is Indian Phosphate offer price band?
Indian Phosphate public offer price is INR 94 – 99 per share.
What is the lot size of Indian Phosphate IPO?
Indian Phosphate offer lot size is 1,200 shares.
What is Indian Phosphate IPO GMP today?
Indian Phosphate IPO GMP today is INR 100 per share.
What is Indian Phosphate kostak rate today?
Indian Phosphate kostak rate today is INR NA per application.
What is Indian Phosphate Subject to Sauda rate today?
Indian Phosphate’s Subject to Sauda rate today is INR 98,000 per application.
