Indian Phosphate IPO Details
| IPO Size | 67.36 |
| Price Range | ₹94 - ₹99 |
| Retail Quota | 35% |
| QIB Quota | 50% |
| NII Quota | 15% |
| Employee Discount | -- |
| Listing at | NSE |
| Minimum Quantity | 1200 |
| Investment (cut-off price) | ₹118,800 |
| Pre IPO Promotor Holding | 100.00% |
| Post IPO Promotor Holding | -- |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
Indian Phosphate IPO Timelines
26/08/2024
Start Date29/08/2024
End Date02/09/2024
Refund Initiation02/09/2024
Credit of Shares to Demat Ac03/09/2024
Listing DateIndian Phosphate IPO Lot Size
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 1200 | ₹118,800 |
| Retail Maximum | 1 | 1200 | ₹118,800 |
| S-HNI Minimum | 2 | 2400 | ₹237,600 |
Indian Phosphate IPO Subscription Status
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
| 181.58 x | 440.69 x | 241.35 x | -- | 266.99 x |
IPO Performance on Listing Day
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹188.10 | ₹178.70 | ₹197.70 | ₹178.70 |
Indian Phosphate IPO Company Financials
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2021 | ₹415.02 | ₹408.20 | ₹5.09 |
| FY 2022 | ₹558.39 | ₹536.65 | ₹16.17 |
| FY 2023 | ₹770.93 | ₹748.54 | ₹16.60 |
| FY 2023 (6M) | ₹411.41 | ₹398.97 | ₹9.09 |
About Company
Indian Phosphate Limited, established in 1998, is a leading manufacturer of Linear Alkyl Benzene Sulfonic Acid (LABSA 90%), an anionic surfactant widely used in the production of washing powders, cakes, toilet cleaners, and liquid detergents.
In addition to LABSA, the company produces “Single Super Phosphate” (SSP) and “Granules Single Super Phosphate” (GSSP), essential fertilisers that comply with the fertiliser Control Regulation of India. These fertilisers are available in both powder and granule forms and are fortified with essential micronutrients like Zinc and Boron.
The company’s state-of-the-art manufacturing facility is strategically located in the Girwa district of Udaipur, Rajasthan. This location offers proximity to key raw materials, including sulphuric acid (98%) and rock phosphate, essential for the production process.
Indian Phosphate Limited sources linear alkyl benzene (LAB) from prominent suppliers such as IOCL, Vadodara, Nirma Ltd, Vadodara, and Reliance Industries Ltd, Patalganga, ensuring a steady supply chain.
With a robust presence across major Indian states, including Punjab, Bihar, Gujarat, Haryana, Madhya Pradesh, Maharashtra, Rajasthan, Uttar Pradesh, Himachal Pradesh, West Bengal, and Uttarakhand, Indian Phosphate Limited is well-positioned in the market. As of March 31, 2024, the company employs a dedicated workforce of 105 employees committed to maintaining high production and service standards.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 1998 | Fertilizers | Ravindra Singh |
Know Before Investing
Indian Phosphate IPO Strengths
- Over 30 years of experience in cost-efficient manufacturing and marketing.
- Strategic location enables efficient North, Northwest, and Central Indian market access.
- NABL-approved laboratory ensures high product quality standards.
- Experienced promoters with 30+ years in the fertiliser and chemical industries.
- Ongoing backward integration into Sulphuric Acid production in Tamil Nadu.
- Plans to expand geographically into Tamil Nadu and Maharashtra markets.
Indian Phosphate IPO Risks
- Corporate guarantee of ₹10,500 Lakhs may impact financial stability.
- Dependence on top 10 customers; 92.35% sales concentration risk.
- Contingent liabilities of ₹11,461.16 Lakhs could affect cash flow.
- Litigation risks may adversely impact operations and reputation.
- Lack of long-term raw material contracts may disrupt production.
- Negative cash flow from operations reported; financial stability uncertain.
Swot Analysis for Indian Phosphate IPO
Strengths
Weaknesses
Opportunities
Threats
Company Details
Indian Phosphate Limited
Plot 638, Sector-11,
Udaipur City, Girwa,
Girwa – 313001
Phone: 0294-2946959
Email: [email protected]
Website: http://www.indianphosphate.com/
IPO Registar Details
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: [email protected]
Website: https://ipo.bigshareonline.com/ipo_status.html
FAQs
The key objectives of Indian Phosphate IPO are:
- For Setting up a new manufacturing facility at SIPCOT Industrial Park Phase-I, Kudikadu Village, Cuddalore District (‘C’ District) Plot(s) – Plot No.C-17/A, TamilNadu for manufacturing of Sulphuric Acid, LABSA 90%, and Magnesium Sulphate
- To Meet Working Capital Requirements.
- For General Corporate Purposes.