The Rs 67.36 crore Indian Phosphate IPO is a book-built offering. This is a brand-new 68.04 lakh share offering. August 26, 2024, is when the Indian Phosphate IPO subscription period commences, and it ends on August 29, 2024. On Friday, August 30, 2024, the allocation for the Indian Phosphate IPO is anticipated to be completed. The tentative listing date for the Indian Phosphate IPO is Tuesday, September 3, 2024, and it will take place on the NSE SME.
Indian Phosphate IPO Details
| IPO Date | August 26 to August 29, 2024 |
| Face Value | ₹10 per Share |
| Price Band | ₹94 to ₹99 per Share |
| Lot Size | 1200 Shares |
| Total Issue Size | 6,804,000 Shares (aggregating upto ₹67.36 Cr) |
| Fresh Issue | 6,804,000 Shares (aggregating upto ₹67.36 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing at | NSE SME |
| Share holding pre issue | 18,185,609 |
| Share holding post issue | 24,989,609 |
The pricing range for the Indian Phosphate IPO is ₹94 to ₹99 for each share. An application must have a minimum lot size of 1200 shares. Retail investors are required to invest a minimum of ₹118,800. For HNI, a minimum investment of two lots (2,400 shares) totaling ₹237,600 is required. The registrant of the Indian Phosphate IPO is Bigshare Services Pvt Ltd, while the book running lead manager is Beeline Capital Advisors Pvt Ltd. Spread X Securities is the market creator for the Indian Phosphate IPO.
About Indian Phosphate Limited
Linear Alkyl Benzene Sulfonic Acid LABSA 90%, or LABSA, is an anionic surfactant that is produced by Indian Phosphate Limited, which was founded in 1998. LABSA is used in the production of various washing powders, toilet cleaners, cakes, and liquid detergents. Additionally, the company produces “Single Super Phosphate” (SSP) and “Granules Single Super Phosphate” (GSSP), which are fortified with zinc and boron and produced and provided in powder and granule form in accordance with the guidelines of the Fertilizer Control Regulation of India.
The company’s manufacturing plant is situated near the two raw materials required in the production of the products, (a) rock phosphate and (b) 98% sulfuric acid, in the Girwa region of Udaipur, Rajasthan. The suppliers of linear alkyl benzene (LAB), another crucial raw ingredient, include Reliance Industries Ltd. in Patalganga, Nirma Ltd. in Vadodara, and IOCL in Vadodara. Major states including Punjab, Bihar, Haryana, Madhya Pradesh, Gujarat, Rajasthan, Uttar Pradesh, Maharashtra, West Bengal, Himachal Pradesh, and Uttarakhand are home to Indian Phosphate Limited. There were 105 workers in the company as of 31st March 2024.
