Indian Phosphate Ltd IPO
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Indian Phosphate Ltd IPO Details
Details
Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
---|---|---|---|---|---|
₹ 68.04 L | TBA | ₹ 22.51 L | ₹ 181.85 L | NSE | ₹ 67.36 Cr |
IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
26 Aug, 24 | 29 Aug, 24 | 1200 | ₹ 1,12,800 | Book Building - SME | 03 Sep, 24 |
Indian Phosphate Ltd IPO Dates
Details
Sector | Type |
---|---|
Sector | Chemicals |
Sub Sector | NA |
Issue Type | Book Building - SME |
Subscription Status
*Values are in Lakhs
Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
---|---|---|---|
QIB | 72.66x | 3214800 | 233589600 |
NII | 444.49x | 964800 | 428839200 |
Retail | 269.35x | 2251200 | 606354000 |
Employee | 0x | 0 | 0 |
Total | 186.48x | 6804000 | 1268782800 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Indian Phosphate Ltd Financial Status
Income Statement
Balance Sheet
Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
---|---|---|---|
Revenue from operations | 20.44 | 23.34 | 22.37 |
EBITDA | 21.88 | 24.29 | 22.96 |
PAT | 13.47 | 16.60 | 16.18 |
Total Assets | 118.25 | 146.47 | 92.68 |
Share Capital | 18.19 | 2.71 | 2.71 |
Total Borrowings | 50.40 | 26.27 | 39.42 |
Operating Activities (Net Cash) | 14.91 | 17.55 | 16.77 |
Investing Activities (Net Cash) | 3.89 | -0.18 | -3.25 |
Financing Activities (Net Cash) | 50.40 | 26.27 | 39.42 |
Net Cashflow | 0.29 | 0.04 | 3.76 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About Indian Phosphate Ltd
The Company was incorporated as Indian Phosphate Limited on December 14, 1998, as a public limited company vide Registration No. 015271 under the Companies Act, 1956 with a certificate of incorporation granted by the Registrar of Companies, Rajasthan, Jaipur (RoC) and was granted a certificate of commencement of business dated December 28, 1998 by Assistant Registrar of Companies, Rajasthan, Jaipur. The Corporate Identification Number of the Company is U24142RJ1998PLC015271
The company is mainly engaged in the production of Linear Alkylbenzene Sulfonic Acid LABSA 90%, popularly known as LABSA, is an anionic surfactant and it is used in the formulation of all types of detergent powders, cakes, toilet cleaners and liquid detergents. The Company is also engaged in the manufacturing of Single Super Phosphate (SSP) fertilizer and Granules Single Super Phosphate (GSSP) Fertilizer which is manufactured and supplied as per the standards of Fertilizer Control Order of India in powder and granulated form as well as fortified with zinc and boron. Single Super Phosphate and Granules Single Super Phosphate are being a fertilizer in nature used in agriculture industry.
Indian Phosphate Limited is mainly engaged in the production of Linear Alkylbenzene Sulphonic Acid LABSA 90%, popularly known as LABSA, is an anionic surfactant and it is used in the formulation of all types of detergent powders, cakes, toilet cleaners and liquid detergents. We are also engaged in the manufacturing of Single Super Phosphate (SSP) fertilizer and Granules Single Super Phosphate (GSSP) Fertilizer which is manufactured and supplied as per the standards of Fertilizer Control Order of India in powder and granulated form as well as fortified with zinc and boron. Single Super Phosphate and Granules Single Super Phosphateare being a fertilizer in nature used in agriculture industry. The company operates from its manufacturing facility located at Plot No. 5056, Village: Umarda, Girwa district, Udaipur, Rajasthan which is in the close proximity of supply of both the raw materials (a) Sulphuric Acid 98% (b) Rock Phosphate used in manufacturing of its products. The other major raw material Linear Alkylbenzene (LAB) is sourced from IOCL, Vadodara, Nirma Ltd., Vadodara and Reliance Industries Ltd., Patalganga. The company furthermore also produces Zincated Single Super Phosphate - Powder/Granules and Zincated and boronated Single Super Phosphate - Granules by formulating zinc and boron into the granulator and powder hopper along with Single Super Phosphate powder in required proportion. The Department of Fertiliser and the Government of India encouraged the SSP sector to create value-added fortified SSP with zinc and boron content due to the deficiency of these elements in the soil. Since last 5 years our focus is to produce fortified SSP with Zinc and Boron. The Company has educated farmers over the past five years, encouraging them to use fortified SSP with boron and zinc according to soil deficiencies. As a result, we are currently generating more than 80% of SSP as fortified SSP.
Peer Comparison:
- Rama Phosphates Ltd
Indian Phosphate Ltd IPO Key Points
Strengths
- Cost Effective sourcing and Strategic Location of Manufacturing Unit.
- Quality assurance.
- Leveraging the expertise of its Promoters and Management Team.
- Forward integration and Diversification.
Risk
- The company has extended Corporate Guarantee on behalf of one of its Group Companies.
- The Company is dependent on few numbers of customers for sales. Loss of any of this large customer may affect its revenues and profitability.
- The company has certain contingent liabilities, which, if they materialize, may affect its results of operations, financial condition, and cash flows.
Strategy
- Optimal Utilization of Resources.
- Backward integration and Diversification.
- To build-up a professional team for future expansion coming up in the next five years.
- Broaden and Deepen its Geographical Presence.
- Cost Effective sourcing and Strategic Location of Manufacturing Unit.
- Quality assurance.
- Leveraging the expertise of its Promoters and Management Team.
- Forward integration and Diversification.
How To Apply for Indian Phosphate Ltd IPO Online?
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Step 2:
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Step 3:
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Step 4:
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Step 5:
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