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Indian Phosphate IPO is a book built issue of Rs 67.36 crores. The issue is entirely a fresh issue of 68.04 lakh shares.
Indian Phosphate IPO bidding started from August 26, 2024 and ended on August 29, 2024. The allotment for Indian Phosphate IPO was finalized on Friday, August 30, 2024. The shares got listed on NSE SME on September 3, 2024.
Indian Phosphate IPO price band is set at ₹94 to ₹99 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹118,800. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹237,600.
Beeline Capital Advisors Pvt Ltd is the book running lead manager of the Indian Phosphate IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Indian Phosphate IPO is Spread X Securities.
Refer to Indian Phosphate IPO RHP for detailed information.
| IPO Date | August 26, 2024 to August 29, 2024 |
| Listing Date | September 3, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹94 to ₹99 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 6,804,000 shares (aggregating up to ₹67.36 Cr) |
| Fresh Issue | 6,804,000 shares (aggregating up to ₹67.36 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 18,185,609 |
| Share holding post issue | 24,989,609 |
| Market Maker portion | 373,200 shares Spread X Securities |
Indian Phosphate IPO offers 68,04,000 shares. 12,86,400 (18.91%) to QIB, 9,64,800 (14.18%) to NII, 22,51,200 (33.09%) to RII and 19,28,400 (28.34%) to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 19,28,400 (28.34%) |
| Market Maker Shares Offered | 3,73,200 (5.49%) |
| QIB Shares Offered | 12,86,400 (18.91%) |
| NII (HNI) Shares Offered | 9,64,800 (14.18%) |
| Retail Shares Offered | 22,51,200 (33.09%) |
| Total Shares Offered | 68,04,000 (100%) |
Indian Phosphate IPO raises Rs 19.09 crore from anchor investors. Indian Phosphate IPO Anchor bid date is August 23, 2024. Indian Phosphate IPO Anchor Investors list
| Bid Date | August 23, 2024 |
| Shares Offered | 1,928,400 |
| Anchor Portion Size (In Cr.) | 19.09 |
| Anchor lock-in period end date for 50% shares (30 Days) | September 29, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | November 28, 2024 |
Indian Phosphate IPO opens on August 26, 2024, and closes on August 29, 2024.
| IPO Open Date | Monday, August 26, 2024 |
| IPO Close Date | Thursday, August 29, 2024 |
| Basis of Allotment | Friday, August 30, 2024 |
| Initiation of Refunds | Monday, September 2, 2024 |
| Credit of Shares to Demat | Monday, September 2, 2024 |
| Listing Date | Tuesday, September 3, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 29, 2024 |
Investors can bid for a minimum of 1200 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹118,800 |
| Retail (Max) | 1 | 1200 | ₹118,800 |
| HNI (Min) | 2 | 2,400 | ₹237,600 |
| Lot Size Calculator | |||
Mr. Ravindra Singh, Mrs. Mamta Arora, and Mr. Rushil Arora are the promoters of the company.
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue | 72.77% |
Indian Phosphate Limited, established in 1998, produces Linear Alkyl Benzene Sulfonic Acid LABSA 90%, commonly known as LABSA, an anionic surfactant used in the formulation of all types of washing powders, cakes, toilet cleaners, and liquid detergents.
The company also manufactures “Single Super Phosphate” (SSP) and “Granules Single Super Phosphate” (GSSP) which are manufactured and supplied in powder and granule form as per the norms of the Fertilizer Control Regulation of India and are fortified with Zinc and Boron.
The Company's manufacturing facility is located in Girwa district, Udaipur, Rajasthan, close to the two raw materials (a) sulphuric acid 98% and (b) rock phosphate used in the manufacture of the products. The other important raw material, linear alkyl benzene (LAB), is sourced from IOCL, Vadodara, Nirma Ltd, Vadodara and Reliance Industries Ltd, Patalganga.
Indian Phosphate Limited has a presence in major states like Punjab, Bihar, Gujarat, Haryana, Madhya Pradesh, Maharashtra, Rajasthan, Uttar Pradesh, Himachal Pradesh, West Bengal, and Uttarakhand.
As of March 31, 2024, the company had 105 employees.
Indian Phosphate Limited's revenue decreased by -7% and profit after tax (PAT) dropped by -27% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 | ||||||||||||||||||||||||||||||||||||
| Assets | 25,518.6 | 17,407.45 | 10,789.93 | 6,313.71 | ||||||||||||||||||||||||||||||||||||
| Revenue | 71,757.81 | 77,093.2 | 55,838.56 | 41,501.81 | ||||||||||||||||||||||||||||||||||||
| Profit After Tax | 1,210.21 | 1,659.53 | 1,616.61 | 509.44 | ||||||||||||||||||||||||||||||||||||
| Net Worth | 8,099.06 | 6,751.8 | 5,092.27 | 3,475.66 | ||||||||||||||||||||||||||||||||||||
| Reserves and Surplus | 6,280.56 | 6,480.37 | 4,820.84 | 3,204.23 | ||||||||||||||||||||||||||||||||||||
| Total Borrowing | 4,023.17 | 1,535.48 | 1,830.58 | 434.04 | ||||||||||||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||||||||||||
The market capitalization of Indian Phosphate IPO is Rs 247.4 Cr.
KPI as of March 31, 2024.
| KPI | Values |
|---|---|
| ROE | 18.14% |
| ROCE | 20.93% |
| Debt/Equity | 0.5 |
| RoNW | 16.63% |
| P/BV | 2.23 |
| PAT Margin (%) | 1.91 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 6.65 | 4.84 |
| P/E (x) | 14.88 | 20.44 |
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
[Dilip Davda] Though the company started as fertilizer products manufacturing and marketing business, it diversified into chemical business with a manufacturing of LABSA and has turned preferred partner by HUL for key ingredient LABSA supplier for its major products like detergents, toiletries, soaps etc. It has established its association with HUL since 2009 and its bond has strengthened with the new chemical plant being earmarked for 100% supply point for HUL, it is poised for bright prospects ahead. Based on FY24 earnings, thought the issue appears relatively fully priced, investors may park funds for medium to long term. Read detail review...
The Indian Phosphate IPO is subscribed 267.89 times on August 29, 2024 6:19:58 PM. The public issue subscribed 243.02 times in the retail category, 181.58 times in the QIB category, and 441.01 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 181.58 |
| NII | 441.01 |
| Retail | 243.02 |
| Total | 267.89 |
Total Application : 455,908 (243.02 times)
| Listing Date | September 3, 2024 |
| BSE Script Code | |
| NSE Symbol | IPHL |
| ISIN | INE0DHF01018 |
| Final Issue Price | ₹99 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹99.00 |
| ₹188.10 |
| ₹178.70 |
| ₹197.50 |
| ₹178.70 |
Indian Phosphate Limited
Plot 638, Sector-11,
Udaipur City, Girwa,
Girwa - 313001
Phone: 0294-2946959
Email: investor@indianphosphate.com
Website: http://www.indianphosphate.com/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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Indian Phosphate IPO is a SME IPO of 6,804,000 equity shares of the face value of ₹10 aggregating up to ₹67.36 Crores. The issue is priced at ₹94 to ₹99 per share. The minimum order quantity is 1200 Shares.
The IPO opens on August 26, 2024, and closes on August 29, 2024.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Indian Phosphate IPO using UPI as a payment gateway. Zerodha customers can apply in Indian Phosphate IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Indian Phosphate IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Indian Phosphate IPO opens on August 26, 2024 and closes on August 29, 2024.
Indian Phosphate IPO lot size is 1200 Shares, and the minimum amount required is ₹118,800.
You can apply in Indian Phosphate IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Indian Phosphate IPO will be done on Friday, August 30, 2024, and the allotted shares will be credited to your demat account by Monday, September 2, 2024. Check the Indian Phosphate IPO allotment status.
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