Indian Phosphate Limited
Book Built Issue IPO · NSE
- Price band
- ₹94 - ₹99
- Lot size
- 1,200 shares
- Issue amount
- ₹67.36 cr
- Total subscription
- 281.8×
- Opens
- 26 Aug 2024
- Closes
- 29 Aug 2024
- Allotment
- 30 Aug 2024
- Listing
- 3 Sept 2024
Offer at a glance
Issue overview
- Issue size
- 68,04,000 shares
- Face value
- ₹10 Per Equity Share
- Minimum investment
- ₹1,12,800
- Fresh issue
- ₹67.36 cr
- Offer for sale
- ₹0 cr
- Registrar
- Bigshare Services Private Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,18,800
- Issue type
- Book Built Issue IPO
- Shares before issue
- 1,81,85,609
- Shares after issue
- 2,49,89,609
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 1,200 | ₹1,18,800 |
| HNI | 2 | 2,400 | ₹2,37,600 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| — | — |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 12.74 | 2,312.54 |
| RETAIL | 22.29 | 6,002.9 |
| NIB | 9.55 | 4,245.51 |
Financial performance
Company financials
in Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| EPS | 7.41 | 9.13 | 8.89 |
| ROE | 18.14 | 28.02 | 37.74 |
| ROCE | 20.93 | 31 | 42.08 |
| RONW | 16.64 | 24.58 | 31.75 |
| PRE IPO(PE) | 14.88 | 0 | 0 |
| POST IPO(PE) | 20.44 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Indian Phosphate Limited, founded in 1998, is a leading producer of Linear Alkyl Benzene Sulfonic Acid (LABSA 90%), a key ingredient in cleaning products like washing powders, toilet cleaners, and liquid detergents. The company also manufactures Single Super Phosphate (SSP) and Granules Single Super Phosphate (GSSP), enriched with Zinc and Boron, following India’s Fertilizer Control Regulation. Its manufacturing facility in Girwa, Udaipur, Rajasthan, benefits from easy access to essential raw materials like sulphuric acid and rock phosphate, while linear alkyl benzene (LAB) is sourced from major suppliers such as IOCL, Nirma Ltd, and Reliance Industries Ltd. Operating across multiple states, including Punjab, Bihar, and Gujarat, Indian Phosphate Limited had 103 employees as of January 31, 2024.
Strengths
- Smart Sourcing & Strategic Location: Being close to key raw materials and using efficient sourcing methods helps reduce costs and improve production efficiency.
- Commitment to Quality: Strict quality standards ensure that products like LABSA, SSP, and GSSP are reliable and effective.
- Strong Leadership: An experienced management team brings valuable expertise, guiding the company’s growth and strengthening its market position.
Risk factors
- Economic and Political Risks: Since the company operates only in India, it is affected by economic changes, political shifts, and market conditions that it cannot control.
- Impact of Disasters and Crises: Events like natural disasters, pandemics, or civil unrest could disrupt operations and challenge business continuity.
- Credit Rating Concerns: If India's credit rating drops, it could reduce investor confidence and impact the company’s stock value.
Promoters
Mr. Ravindra Singh
Mrs. Mamta Arora
Mr. Rushil Arora
Read the latest IPO market update.
Registrar & documents
Lead manager
Beeline Capital Advisors Private Limited
Registrar & contacts
Bigshare Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Plot 638, Sector-11, Udaipur City, Girwa, Girwa - 313001
0294-2946959
[email protected]Company website ↗Understanding IPHL IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.