Indian Phosphate Ltd

Indian Phosphate IPO

Indian Phosphate Ltd

₹1,12,800 /1200 sharesMinimum investment

IPO details

Minimum investment
₹1,12,800
Price range
₹94 - ₹99
Lot size
1,200
Issue size
67.36 Cr
Face value
10
IPO document

Subscription rate

Qualified Institutional Buyers0.00x
Non-Institutional Investor0.00x
Retail Individual Investor0.00x
Total216.29x
As of 29 Aug'24, 05:00 PM

Schedule

26 Aug 2024
IPO open date
29 Aug 2024
IPO close date
30 Aug 2024
Allotment date
30 Aug 2024
Funds unblock or debit
3 Sep 2024
Tentative listing date

About

Indian Phosphate is primarily involved in the production of linear alkylbenzene sulphonic acid (LABSA) at 90% concentration. This anionic surfactant is essential in the production of various cleaning products, including detergent powders, cakes, toilet cleaners, and liquid detergents. In addition to LABSA, the company manufactures single super phosphate (SSP) and granulated single super phosphate (GSSP) fertilisers. These are produced in both powdered and granulated forms. The company also offers sincated single super phosphate in both powdered and granulated forms, as well as boronated single super phosphate in granulated form. These fertilisers are manufactured by incorporating zinc and boron into the base SSP during the production process, catering to specific agricultural needs.;
Founded in
1998
MD/CEO
Mr. Ravindra Singh
Parent organisation
Indian Phosphate Ltd

Indian Phosphate Financials

Revenue
Total Assets
Profit
All values are in ₹ Cr
415557769202120222023

Strengths & Risks

Strengths
Risks
Indian Phosphate has a testing division and an in-house laboratory accredited by the National Accreditation Board for Testing and Calibration Laboratories (NABL). This facility ensures quality control, where each product undergoes multiple checks before packaging and dispatching.
To expand its market presence in South India, Indian Phosphate is establishing a new manufacturing plant for sulphuric acid. This facility represents a backward integration effort aimed at supporting the production of LABSA at a 90% concentration.
The company has demonstrated a consistent increase in its revenue from operations. It increased from Rs 414.52 crore in FY21 to Rs 557.15 crore in FY22, and further to Rs 768.69 crore in FY23. Similarly, profit after tax (PAT) has also shown a consistent rise, from Rs 5.09 crore in FY21 to Rs 16.17 crore in FY22 and Rs 16.59 crore in FY23.
Indian Phosphate relies heavily on its limited customer base. Its top 10 customers accounted for 92.35%, 88.70%, 81.38%, and 84.67% of total sales for the period ending October 31, 2023, and FY23 ending March 31, FY22, and FY21, respectively. Loss of any of these major clients or a slowdown in business from any of them could negatively impact the company's revenue and profitability.
As of October 31, 2023, the company had total indebtedness of Rs 33.74 crore. Any inability to service or repay these loans on time could be detrimental to the company’s business prospects.
There are ongoing legal disputes involving Indian Phosphate. Any unfavourable judgments could hurt the company’s business.
The company depends heavily on a single customer for a major portion of its revenue. This accounted for 79.76%, 67.96%, 62.29%, and 53.79% of total sales for the period ending October 31, 2023, and FY23 ending March 31, FY22, and FY21, respectively. Losing this customer could negatively impact Indian Phosphate's business and financial health.
Indian Phosphate operates a sole manufacturing facility located in Umarda, Udaipur. Any unexpected slowdown or disruption at this plant could negatively impact the company's business operations.
A significant portion of its sales come from Uttar Pradesh, Punjab, and Uttarakhand, representing 87.34%, 75.34%, 66.43%, and 69.99% of revenue from operations for the periods ending October 31, 2023, and March 31 for FY23, FY22, and FY21, respectively. Any negative developments in these regions could potentially harm the company's business.

Application details

For Indian Phosphate IPO, eligible investors can apply as Regular.

Apply asPrice bandApply rangeLot size
Regular₹94 - ₹99₹2 - ₹5 Lakhs1200
High Networth Individual₹94 - ₹99₹2 - ₹5 Lakhs1200

Frequently Asked Questions