Indian Phosphate Limited 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 IPO – Details
| IPO Opening Date | 26 August 2024 |
| IPO Closing Date | 29 August 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 68,04,000 Shares Worth ₹67.36 Crore Fresh Issue: 68,04,000 Shares Worth ₹67.36 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹94 – ₹99 |
| Market Lot | 1200 Shares |
| Min Order | 1200 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Bigshare Services Pvt Ltd |
| QIB Shares Offered | 50% |
| Retail Shares Offered | 35% |
| NII (HNI) Shares Offered | 15% |
Indian Phosphate IPO – Date Schedule
| IPO Open Date | 26 August 2024 |
| IPO Close Date | 29 August 2024 |
| Basis of Allotment | 30 August 2024 |
| Initiation of Refund | 02 September 2024 |
| Credit of Shares to Demat Account | 02 September 2024 |
| IPO Listing Date | 03 September 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 29, 2024 |
Indian Phosphate IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹1,18,800 |
| Retail (Max) | 1 | 1200 | ₹1,18,800 |
| HNI (Min) | 2 | 2400 | ₹2,37,600 |
Competitive Strengths
- Cost Effective sourcing and Strategic Location of Manufacturing Unit.
- Quality assurance.
- Leveraging the expertise of our Promoters and Management Team.
- Forward integration and Diversification.
Company Promoters
- Mr. Ravindra Singh
- Mrs. Mamta Arora
- Mr. Rushil Arora
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2022 | 558.38 | 536.64 | 16.16 | 18.30 |
| 31 March 2023 | 770.93 | 748.54 | 16.59 | 15.35 |
| 31 March 2024 | 706.25 | 687.25 | 13.47 | 40.23 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 18.14% |
| ROCE | 20.93% |
| 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 |
Object Of The Issue
- 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 Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | – |
Indian Phosphate IPO Prospectus
Company Contact Information
| Indian Phosphate Limited Plot 638, Sector-11, Udaipur City, Girwa, Girwa – 313001 Phone: 0294-2946959 Email: investor@indianphosphate.com Website: http://www.indianphosphate.com/ |
Indian Phosphate IPO Registrar
| Bigshare Services Pvt Ltd Phone: +91-22-6263 8200 Email: ipo@bigshareonline.com Website: https://ipo.bigshareonline.com/ipo_status.html |
Indian Phosphate IPO Lead Manager(s)
| 1. Beeline Capital Advisors Pvt Ltd |
Indian Phosphate IPO FAQs
| What is Indian Phosphate IPO? Indian Phosphate IPO is a SME IPO. The issue is priced at ₹94 and ₹99 per equity share. The IPO is to be listed on NSE SME. |
| When Indian Phosphate IPO will open? The IPO is to open on 26 August 2024 for QIB, NII, and Retail Investors. |
| What is Indian Phosphate IPO Investors Portion? The investors’ portion for QIB- 50%, Retail – 35%, NII – 15%. |
| How to Apply the Indian Phosphate IPO? You can apply Indian Phosphate IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Indian Phosphate IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Indian Phosphate IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Indian Phosphate IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Indian Phosphate IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Indian Phosphate IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Indian Phosphate IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Indian Phosphate IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Indian Phosphate IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Indian Phosphate IPO Size? Indian Phosphate IPO size is ₹67.36 Crore. |
| What is Indian Phosphate IPO Price Band? Indian Phosphate IPO Price Band is ₹94 – ₹99. |
| What is Indian Phosphate IPO Minimum and Maximum Lot Size for retail? The minimum bid is 1200 Shares with ₹1,18,800 amount while the maximum bid is 1200 Shares with ₹1,18,800. |
| What is the Indian Phosphate IPO Allotment Date? Indian Phosphate IPO allotment date is 30 August 2024. |
| What is the Indian Phosphate IPO Listing Date? Indian Phosphate IPO listing date is 03 September 2024. The IPO is to be listed on NSE SME. |
