Indian Phosphate Limited

26 Aug 2024 - 29 Aug 2024 Individual Category SME NSE

Min Investment

₹118800

Price Band

₹94-₹99

Issue Size

48.76 lakhs
Equity Shares

Lot Size

1200

IPO Dates
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26 Aug 2024

Open Date

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29 Aug 2024

Close Date

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30 Aug 2024

Allotment Date

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03 Sep 2024

Listing Date

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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About Indian Phosphate Limited

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.

Founded

1998

Managing Director

Ravindra Singh, Mamta Arora, and Rushil Arora

Parent Organization

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.

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0

How to Apply for IPO

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IPO Allotment

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