Indian Phosphate Ltd IPO

Indian Phosphate Ltd IPO

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.

Indian Phosphate Ltd IPO Details

Total Shares Offered

₹ 68,04,000

Offer to Public

TBA

Retail Max (Shares)

₹ 22,51,200

Pre Issue Promoters Holding

₹ 1,81,85,207

Exchange

NSE

Issue size

₹ 67.36 Cr

IPO Open Date

Aug 26, 2024

Close Date

Aug 29, 2024

Lot Size

1200

Min Investment

₹ 1,12,800

Issue Type

Book Building - SME

Listing Date

Sep 3, 2024

Indian Phosphate Ltd IPO Dates

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Aug 26, 2024
Opening date
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Aug 29, 2024
Closing date
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Aug 30, 2024
Basis of Allotment
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Sep 2, 2024
Initiation of Refunds
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Sep 2, 2024
Credit of Shares
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Sep 3, 2024
Listing date

Details

SectorType
SectorChemicals
Sub SectorNA
Issue TypeBook Building - SME

Subscription Status

*Values are in Lakhs

Investor Type

QIB

NII

Retail

Employee

Total

Indian Phosphate Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)
Particulars (in Rs. Crores)FY23FY22FY21
Revenue from operations884.03714.8723.34
EBITDA16.0621.8824.29
PAT9.1713.4716.60
Total Assets147.07124.42146.47
Share Capital24.9918.192.71
Total Borrowings35.4150.4626.27
Operating Activities (Net Cash)10.6714.9117.55
Investing Activities (Net Cash)-21.063.89-0.18
Financing Activities (Net Cash)35.4150.4626.27
Net Cashflow16.446.410.04

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 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.

How To Apply for Indian Phosphate Ltd IPO Online?

Step 1:

Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.

Step 2:

From the list of open IPOs, select the IPO you want to invest.

Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

FAQs on IPO (Initial Public Offering)

What is the issue size of the Indian Phosphate Ltd IPO?

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Indian Phosphate Ltd's IPO offers shares for up to 67.36 It begins on Aug 26, 2024 and ends on Aug 29, 2024.

What is the price of the Indian Phosphate Ltd IPO?

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The price of Indian Phosphate Ltd IPO ranges between ₹94 to ₹99 per share.

What are the open and close dates for the Indian Phosphate Ltd IPO?

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The Indian Phosphate Ltd IPO opens on Aug 26, 2024 and closes on Aug 29, 2024.

When will the Indian Phosphate Ltd IPO be allotted?

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The allotment for the Indian Phosphate Ltd IPO will be finalised on Aug 30, 2024. The shares will be listed on BSE and NSE on Sep 3, 2024.

What is the minimum lot size required for Indian Phosphate Ltd IPO?

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The minimum lot size for Indian Phosphate Ltd IPO is 1200 shares, priced between ₹94 to ₹99 per share.

What is the GMP of Indian Phosphate Ltd IPO?

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The GMP (Grey Market Premium) of Indian Phosphate Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Indian Phosphate Ltd IPO?

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To check the allotment status of Indian Phosphate Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Indian Phosphate Ltd IPO getting listed?

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The Indian Phosphate Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Aug 26, 2024, and closes on Aug 29, 2024. The allotment is finalised on Aug 30, 2024.

How do you apply for the Indian Phosphate Ltd IPO?

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To apply for the Indian Phosphate Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.

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