Indian Phosphate IPO: All Important Points Discussed Below

• Indian Phosphate IPO is a fixed price issue of Rs 67.36 crores.
• This upcoming IPO bidding opens on August 26 and closes on August 29, 2024.
• Indian Phosphate IPO SME IPO price is set at Rs 94 to Rs 99 per share.
• The minimum investment required is Rs 1,18,800.

Indian Phosphate IPO: Synopsis

Indian Phosphate IPO is open for subscription starting Wednesday, August 26, 2024, and closing on Friday, August 29, 2024. This upcoming IPO's price is Rs 94 to Rs 99 per share. The minimum lot size set for the retail category is 1200 shares. Meanwhile, the minimum lot size for the HNI category is 2 lots consisting of 2400 shares. 

The minimum investment required for retail category investors is Rs 1,18,800 (99 x 1200 shares). However, for the HNI category, the minimum investment amount required is Rs 2,37,600 (99 x 2400 shares).

Indian Phosphate IPO is a fixed price issue of Rs 67.36 crores. This upcoming IPO is an entirely fresh issue of 68.04 lakh equity shares. The allotment for this new IPO is expected to be finalised on Friday, August 30, 2024. 

Indian Phosphate IPO will be listed on NSE SME on Tuesday, September 3, 2024. 

Beeline Capital Advisors Private Limited is the book-running lead manager, Bigshare  Services Private Limited is the registrar, and Spread X Securities is the market maker for this IPO. 

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Indian Phosphate IPO: About the Company

Indian Phosphate Limited was incorporated in 1998, engaged in the business of producing Linear Alkyl Benzene Sulfonic Acid. This acid is used in the formulation of all types of washing powders, cakes, toilet cleaners, and liquid detergents.

The company also manufactures Single Super Phosphate and  Granules Single Super Phosphate 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.

Indian Phosphate Company has a presence in major states like Punjab, Bihar, Gujarat, Haryana, Madhya Pradesh, Maharashtra, Rajasthan, Uttar Pradesh, Himachal Pradesh, West Bengal, and Uttarakhand. As per the latest data available, the company had a team of 105 employees.

Indian Phosphate IPO: Objectives

The funds will be used for setting up of a new manufacturing plant at SIPCOT Industrial Park, Tamil Nadu. The remaining money will be used to meet the day-to-day capital expenses and fulfil the general corporate purposes.

Indian Phosphate IPO: Other Important Details

Time-Table of Indian Phosphate IPO

Indian Phosphate IPO: Financial Metrics (Amt in Rs Lakhs)

Indian Phosphate IPO posted revenue of Rs 71,757.81 lakhs and net profit of Rs 1,210.21 lakhs for the period ending on 31 Mar 2024. The company’s revenue decreased by -7% and PAT dropped by -27% between the FY ending with 31 Mar 2024 and 31 Mar 2023.

Minimum Investment: Lot Size Details 

Promoters of Indian Phosphate IPO Limited and Their Holdings

The promoters of Indian Phosphate IPO are Ravindra Singh, Mamta Arora, and Rushil Arora. The promoters' shareholdings before the IPO were 100%; however, shareholding details after the IPO are not yet available. 

Indian Phosphate IPO: Strength of Company

1.     Indian Phosphate IPO manufacturer's Single Super Phosphate and Granules Single Super Phosphate. 

2.     The company's return on capital employed is 20.93% and post IPO the EPS is expected to be 4.84.

3.     Indian Phosphate IPO is consistently earning profits with a stable revenue on yearly basis. 

FAQs

1. What are the details of the Indian Phosphate IPO?

Indian Phosphate IPO is a fixed price issue of Rs 67.36 crores. This upcoming IPO’s is a entirely a fresh issue of 68.04 lakh equity shares. The allotment for this new IPO is expected to be finalised on Friday, August 30, 2024. 

2. Who are the lead managers for the Indian Phosphate IPO?

Beeline Capital Advisors Private Limited is appointed as the book-running lead manager for the IPO.

3. What is the role of Bigshare Services in this IPO?

Bigshare Services Private Limited is the registrar for Indian Phosphate IPO Limited, handling the IPO's administrative aspects.

4. How can I apply for the Indian Phosphate IPO?

The public subscription of this new IPO will open on August 26, 2024. Click here to initiate the application process. 

5. How will the net proceeds from the IPO be utilised?

The funds will be used for setting up of a new manufacturing plant at SIPCOT Industrial Park, Tamil Nadu. The remaining money will be used to meet the day-to-day capital expenses and fulfil the general corporate purposes.

6. How can I check the allotment status of the IPO?

Investors who applied can check the allotment status of the Indian Phosphate IPO Limited IPO by visiting here. For further updates follow Bigul. 

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