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.

Open Demat Account

50years

Indian Phosphate Ltd IPO Details

Details

Total Shares OfferedOffer to PublicRetail Max (Shares)Pre Issue Promoters HoldingExchangeIssue size
₹ 68.04 LTBA₹ 22.51 L₹ 181.85 LNSE₹ 67.36 Cr
IPO Open DateClose DateLot SizeMin InvestmentIssue TypeListing Date
26 Aug, 2429 Aug, 241200 ₹ 1,12,800 Book Building - SME03 Sep, 24

Indian Phosphate Ltd IPO Dates

  • 26 Aug 2024

    Opening date

  • 29 Aug 2024

    Closing date

  • 30 Aug 2024

    Basis of
    Allotment

  • 02 Sep 2024

    Initiation of
    Refunds

  • 02 Sep 2024

    Credit of
    Shares

  • 03 Sep 2024

    Listing date

Details

SectorType
SectorChemicals
Sub SectorNA
Issue TypeBook Building - SME

Subscription Status

*Values are in Lakhs

Investor TypeSubscription TimesShares Offered*Shares Bid*
QIB72.66x3214800233589600
NII444.49x964800428839200
Retail269.35x2251200606354000
Employee0x00
Total186.48x68040001268782800

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)FY23FY22FY21
Revenue from operations20.4423.3422.37
EBITDA21.8824.2922.96
PAT13.4716.6016.18
Total Assets118.25146.4792.68
Share Capital18.192.712.71
Total Borrowings50.4026.2739.42
Operating Activities (Net Cash)14.9117.5516.77
Investing Activities (Net Cash)3.89-0.18-3.25
Financing Activities (Net Cash)50.4026.2739.42
Net Cashflow0.290.043.76

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?

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.

Get your FAQs right

Indian Phosphate Ltd's IPO offers shares for up to ₹ 0 L It begins on Aug 26, 2024 and ends on Aug 29, 2024.

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

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

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.

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

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

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.'

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.

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.