Indian Phosphate IPO
Indian Phosphate is an NSE SME IPO listed on the NSE SME platform, priced at ₹94–₹99 per share. The stock debuted at ₹188.1, delivering a listing gain of 90.0%. The IPO had a lot size of ₹1200 shares and a minimum investment of ₹1,18,800.
Indian Phosphate Limited IPO
- IPO Dates
- Aug 26, 2024 – Aug 29, 2024
- Price band
- ₹94-99 per equity share
- Minimum Investment
- ₹1,18,800
- Issue size
- ₹67.36 Cr
- Lot size
- 1200
- Allotment Date
- Aug 30, 2024
- Listing
- Sep 3, 2024
- Listing At
- NSE SME
IPO timeline
-
Aug 26, 2024
Open Date
Completed
-
Aug 29, 2024
Close Date
Completed
-
Aug 30, 2024
Allotment Date
Completed
-
Sep 3, 2024
Listing Date
Completed
Indian Phosphate IPO Essentials
Indian Phosphate IPO Details
Indian Phosphate IPO is priced at ₹94-99 per share with a total issue size of 67.36 crore. The IPO has a lot size of 1200 shares and is listed on NSE SME.
- Issue price
- ₹94-99 per equity share
- Lot size
- 1200 shares
- Face value
- ₹10 Per Equity Share
- Issue size
- 6,804,000 shares(aggregating up to ₹67.36 Cr)
- Total issue size
- 68,04,000 shares
(aggregating up to ₹67.36 crore) - Fresh issue
- 68,04,000 shares
(aggregating up to ₹67.36 crore) - Listing at
- NSE SME
- List price
- 188.1
- Listing date
- Registrar
- Bigshare Services Pvt Ltd
- Lead manager
-
Beeline Capital Advisors Pvt Ltd
Market Lot Size
Investors can bid for a minimum of 1200 shares and in multiples thereof. The following 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 | ₹1,18,800 |
| Retail(max) | 1 | 1200 | ₹1,18,800 |
| NII (min) | 2 | 2400 | ₹2,37,600 |
Indian Phosphate IPO Documents
Indian Phosphate IPO Reservation
Indian Phosphate IPO reservation details show category-wise allocation of shares. Out of the total 68,04,000 shares, approximately 18.91% are reserved for QIB, 14.18% for NII, 33.09% for retail investors, 5.49% for market maker, and 28.34% for anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| 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 Analytics
Indian Phosphate IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Indian Phosphate IPO Subscription Status
Indian Phosphate IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 1,286,400 / 964,800 | 2,251,200 | 4,502,400 |
|
Day 1
26-08-24 06:00 PM
|
(0.39 / 8.50) x | 20.33 x | 12.10 x |
|
Day 2
27-08-24 06:00 PM
|
(3.63 / 26.50) x | 62.06 x | 37.75 x |
|
Day 3
28-08-24 06:00 PM
|
(8.90 / 61.84) x | 132.55 x | 82.07 x |
|
Day 4
29-08-24 06:00 PM
|
(181.58 / 440.69) x | 238.44 x | 265.53 x |
Indian Phosphate Valuations
Earnings
- EPS Pre IPO
- ₹9.13/-
- EPS Post IPO
- ₹6.23/-
- P/E Pre IPO
- 10.85
- P/E Post IPO
- 15.88
Returns
- ROE
- 18.14%
- ROCE
- 20.93%
- RoNW
- 16.63%
- PAT Margin
- 1.91
Fundamentals
- Debt / Equity
- 0.50
- Price / Book
- 2.23
Indian Phosphate Financials( In Lakhs)
| 31-Mar-24 | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | |
|---|---|---|---|---|
| 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 & 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 |
Indian Phosphate Company & Offer Insights
About Indian Phosphate
Indian Phosphate Limited was established in 1998. It manufactures 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.
In addition, the company manufactures Single Super Phosphate (SSP) and Granules Single Super Phosphate (GSSP) 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 has its manufacturing plant in Girwa district, Udaipur, Rajasthan, near the two raw materials that are used to manufacture the products: (a) sulphuric acid 98%, and (b) rock phosphate. The second important raw material is linear alkyl benzene (LAB) obtained from IOCL, Vadodara, Nirma Ltd, Vadodara and Reliance Industries Ltd, Patalganga.
Indian Phosphate Limited has presence in major states like Punjab, Bihar, Gujarat, Haryana, Madhya Pradesh, Maharashtra, Rajasthan, Uttar Pradesh, Himachal Pradesh, West Bengal, and Uttarakhand.
The company had 105 employees as of March 31, 2024.
Indian Phosphate Promoter(s)
Mr. Ravindra Singh, Mrs. Mamta Arora, Mr. Rushil Arora are the company's promoters of Indian Phosphate.
Indian Phosphate IPO Issue Objectives
- •
- 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
Indian Phosphate IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Indian Phosphate Limited | 6.65 | N/A | 44.34 | N/A | 15.01 | 2.25 | Consolidated |
| Rama Phosphates Ltd. | -17.56 | N/A | 199.41 | N/A | -8.81 | 0.8 | Standalone |
Notes:
- The P/E Ratio has been computed based on the closing market price of equity shares on the NSE/BSE on March 28, 2024, divided by the Diluted EPS.
- RoNW is computed as net profit after tax divided by the closing net worth. Net worth has been computed as the sum of share capital, reserves, and surplus.
- NAV is computed as the closing net worth divided by the closing outstanding number of equity shares adjusted for bonus shares.
Contact Information
Contact Details
Indian Phosphate
0294-2946959
http://www.indianphosphate.com/
Plot 638, Sector-11, Udaipur City, Girwa, Girwa - 313001
Registrar Contact Details
Bigshare Services Pvt Ltd
+91-22-6263 8200
Frequently Asked Questions
Click any question to reveal the answer
Indian Phosphate IPO is a book-built IPO worth ₹67.36 crore. The price band is ₹94–₹99 per share. The IPO opens on Aug 26, 2024 and closes on Aug 29, 2024. It will be listed on NSE SME Platform. Bigshare Services Pvt Ltd is the registrar.
The price band of Indian Phosphate IPO is ₹94 to ₹99 per share.
The lot size of Indian Phosphate IPO is 1200 shares.
The minimum investment for Indian Phosphate IPO is approximately ₹1,18,800 based on the upper price band .
Indian Phosphate IPO opens on Aug 26, 2024 and closes on Aug 29, 2024.
The allotment date of Indian Phosphate IPO is Aug 30, 2024.
Indian Phosphate IPO is expected to be listed on Sep 3, 2024, on NSE SME Platform.
Indian Phosphate IPO valuation snapshot: P/E 15.88, EPS ₹6.23/-, P/B 2.23, RoNW 16.63%, and market cap N/A.
To apply for Indian Phosphate IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Indian Phosphate IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Indian Phosphate IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Indian Phosphate IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Indian Phosphate IPO allotment status on IPO Ji for quick and easy access.