What are the dates for the Indian IPO?

The Indian Phosphate Limited IPO opens for subscription on August 26, 2024, and closes on August 29, 2024.

What is the price band for the Indian IPO?

The price band for the IPO is set between ₹94 and ₹99 per share.

How many shares are being issued in the Indian IPO?

The IPO comprises a fresh issue of 68.04 lakh shares.

What is the minimum investment required for the IPO?

Retail investors must invest a minimum of ₹118,800, corresponding to 1,200 shares. High Net Worth Individuals (HNIs) must invest in at least 2 lots (2,400 shares), totaling ₹237,600.

On which stock exchange will IPO listed?

Indian Phosphate Limited will be listed on the NSE SME platform.

Who are the lead managers and registrars for the IPO?

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

When will the allotment for the IPO be finalized?

The allotment for the IPO is expected to be finalized on August 30, 2024.

When is the expected listing date on the NSE SME?

The shares of Indian Phosphate Limited are tentatively scheduled to be listed on September 3, 2024.

What are the primary objectives of the IPO?

The proceeds from the IPO will be used to set up a new manufacturing facility in Tamil Nadu, meet working capital requirements, and serve general corporate purposes.

Where can I find more detailed information about the IPO?

Detailed information about the Indian Phosphate Limited IPO can be found in the Red Herring Prospectus (RHP), which is available on the company’s website or the SEBI website.

Indian Phosphate Limited IPO (Indian Phosphate IPO) Date, Price, GMP & Allotment 2024

Indian Phosphate Limited IPO Overview

The Indian Phosphate IPO is a book-built issue aiming to raise ₹67.36 crores through a fresh issue of 68.04 lakh shares. The IPO is open for subscription from August 26 to August 29, 2024, with the allotment expected on August 30 and the listing on the NSE SME scheduled for September 3, 2024. The price band is set at ₹94 to ₹99 per share, with a minimum investment of ₹118,800 for retail investors (1,200 shares) and ₹237,600 for HNIs (2 lots). Beeline Capital Advisors Pvt Ltd is the lead manager, Bigshare Services Pvt Ltd is the registrar, and Spread X Securities is the market maker. Refer to the Indian Phosphate IPO RHP for detailed information.

Indian Phosphate Limited IPO Important dates

Indian Phosphate IPO opens on August 26, 2024, and closes on August 29, 2024.

IPO Open Date	Monday, August 26, 2024
IPO Close Date	Thursday, August 29, 2024
Basis of Allotment	Friday, August 30, 2024
Initiation of Refunds	Monday, September 2, 2024
The credit of Shares to Demat	Monday, September 2, 2024
Listing Date	Tuesday, September 3, 2024
Cut-off time for UPI mandate confirmation	5 PM on August 29, 2024

Indian Phosphate Limited Financial Performance

Indian Phosphate Limited’s revenue decreased by -7%, and profit after tax (PAT) dropped by -27% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	25,518.6	17,407.45	10,789.93	6,313.71
Revenue	71,757.81	77,093.2	55,838.56	41,501.81
Profit After Tax	1,210.21	1,659.53	1,616.61	509.44
Net Worth	8,099.06	6,751.8	5,092.27	3,475.66
Reserves and Surplus	6,280.56	6,480.37	4,820.84	3,204.23
Total Borrowing	4,023.17	1,535.48	1,830.58	434.04

Key Performance Indicator

The market capitalization of Indian Phosphate IPO is Rs 247.4 Cr.

KPI as of March 31, 2024.

KPI	Values
ROE	18.14%
ROCE	20.93%
RoNW	16.63%
P/BV	2.23
PAT Margin (%)	1.91

Indian Phosphate Limited IPO Objectives

The proceeds from the Fresh Issue will be allocated for the following purposes:

Establishing a new manufacturing facility at SIPCOT Industrial Park Phase-I, Kudikadu Village, Cuddalore District (Plot No. C-17/A), Tamil Nadu, for the production of Sulphuric Acid, LABSA 90%, and Magnesium Sulphate.
Meeting working capital requirements.
Funding general corporate purposes.

Indian Phosphate Limited IPO Lot Size

Investors can bid for a minimum of 1200 shares and in multiples thereof. The table below depicts the minimum and maximum investment by retail investors and HNI regarding shares and amounts.

Application	Lots	Shares	Amount
Retail (Min)	1	1200	₹118,800
Retail (Max)	1	1200	₹118,800
HNI (Min)	2	2,400	₹237,600

Indian Phosphate Limited IPO Details

IPO Date	August 26, 2024 to August 29, 2024
Listing Date	[.]
Face Value	₹10 per share
Price Band	₹94 to ₹99 per share
Lot Size	1200 Shares
Total Issue Size	6,804,000 shares (aggregating up to ₹67.36 Cr)
Fresh Issue	6,804,000 shares (aggregating up to ₹67.36 Cr)
Issue Type	Book Built Issue IPO
Listing At	NSE Emerge
Shareholding pre-issue	18,185,609
Shareholding post issue	24,989,609
Market Maker portion	373,200 shares

Indian Phosphate Limited: Company Overview and Services

Founded in 1998, Indian Phosphate Limited specializes in the production of Linear Alkyl Benzene Sulfonic Acid (LABSA 90%), an anionic surfactant essential in manufacturing various washing powders, cakes, toilet cleaners, and liquid detergents.

The company also produces “Single Super Phosphate” (SSP) and “Granules Single Super Phosphate” (GSSP), available in both powder and granule forms, adhering to the Fertilizer Control Regulation of India. These products are fortified with Zinc and Boron.

Indian Phosphate’s manufacturing facility is strategically located in Girwa district, Udaipur, Rajasthan, near key raw materials—sulphuric acid (98%) and rock phosphate. The company sources Linear Alkyl Benzene (LAB), another crucial raw material, from IOCL Vadodara, Nirma Ltd. Vadodara, and Reliance Industries Ltd. Patalganga.

The company has a strong presence in major states across India, including Punjab, Bihar, Gujarat, Haryana, Madhya Pradesh, Maharashtra, Rajasthan, Uttar Pradesh, Himachal Pradesh, West Bengal, and Uttarakhand.

As of March 31, 2024, Indian Phosphate Limited employed 105 people.

Indian Phosphate Limited IPO GMP Details

Indian Phosphate SME IPO last GMP is ₹100, last updated Aug 29th 2024 04:25 PM. With a price band of 99.00, the Indian Phosphate SME IPO‘s estimated listing price is ₹199 (cap price + today’s GMP). The expected percentage gain/loss per share is 101.01%.

Key Highlights:

Retail Subject to Sauda: ₹82,100
Lowest GMP: ₹0
Highest GMP: ₹90

Based on the last eight sessions of grey market activity, the GMP trend is pointing upward, signalling a strong listing expectation. So stay tuned for the latest price trends and expected listing prices for the Indian Phosphate SME IPO.

GMP Date	IPO Price	GMP	Sub2 Sauda Rate	Estimated Listing Price	Last Updated
29-08-2024 Close	99.00	₹100	91200	₹199 (101.01%)	29-Aug-2024 16:25
28-08-2024	99.00	₹135	123100	₹234 (136.36%)	28-Aug-2024 23:32
27-08-2024	99.00	₹125	114000	₹224 (126.26%)	27-Aug-2024 23:29
26-08-2024 Open	99.00	₹110	100300	₹209 (111.11%)	26-Aug-2024 23:31
25-08-2024	99.00	₹90	82100	₹189 (90.91%)	25-Aug-2024 23:29
24-08-2024	99.00	₹90	82100	₹189 (90.91%)	24-Aug-2024 23:26
23-08-2024	99.00	₹90	82100	₹189 (90.91%)	23-Aug-2024 23:25

Indian Phosphate Limited IPO subscription status

Indian Phosphate IPO subscribed 264.97 times. The public issue subscribed 237.51 times in the retail category, 181.58 times in QIB, and 440.20 times in the NII category by August 29, 2024.

Investor Category	Subscription (times)	Shares Offered*	Shares bid for	Total Amount (Rs Cr.)*
Anchor Investors	1	19,28,400	19,28,400	19.09
Market Maker	1	3,73,200	3,73,200	3.69
Qualified Institutions	181.58	12,86,400	23,35,89,600	2,312.54
Non-Institutional Buyers***	440.20	9,64,800	42,47,06,400	4,204.59
Retail Investors	237.51	22,51,200	53,46,93,600	5,293.47
Total **	264.97	45,02,400	1,19,29,89,600	11,810.60

Total Application: 445,578

Note:

*: “Shares Offered” and “Total Amount” are calculated based on the upper price of the issue price range.
**: The portion of anchor investors (or market makers) is not included in the total number of shares offered.
***: Market Maker portion is not included in NII/HNI.

Indian Phosphate IPO Subscription Details (times)

Date	QIB	NII*	Retail	Total
Day 1 Aug 26, 2024	0.39	8.50	20.33	12.10
Day 2 Aug 27, 2024	3.63	26.50	62.06	37.75
Day 3 Aug 28, 2024	8.90	61.84	132.55	82.07

Indian Phosphate Limited IPO Allotment status

Indian Phosphate IPO allotment is expected on August 30, 2024.

Indian Phosphate IPO allotment status is not available at this time. Indian Phosphate IPO – The allotment status will be available once the basis of allotment is finalized. Please revisit us to check the latest updates for the Indian Phosphate Limited IPO allotment status.

To check the Indian Phosphate IPO allotment status, follow the steps below:

Click on the allotment status check button below.
Select Company Name.
Enter your PAN Number, Application Number, or DP Client ID (Anyone).
Click on Search.

When you secure the allotment, you will receive the credit for equivalent shares in your Demat account.

If you have any concerns or queries about the allotment status, contact Bigshare Services Pvt Ltd either by phone or email. Investors can call +91-22-6263 8200 or send an email with all relevant details to ipo@bigshareonline.com.

Indian Phosphate Limited Contact Details

Indian Phosphate Limited
Plot 638, Sector-11,
Udaipur City, Girwa,
Girwa – 313001
Phone: 0294-2946959
Email: investor@indianphosphate.com
Website: http://www.indianphosphate.com/

Here is the list of Upcoming SME IPO in August 2024

Disclaimer: Investing in Initial Public Offerings (IPOs) involves substantial risk, and financial returns are not guaranteed. The information provided should not be construed as financial or investment advice. Prospective investors are advised to consider their economic situation, investment objectives, and risk tolerance before participating in an IPO.

It is recommended to consult with a qualified financial advisor or professional before making any investment decisions. Past performance is not indicative of future results. Investments in IPOs may be subject to market risk, including the potential loss of principal.