Indian Phosphate IPO

Indian Phosphate Ltd

₹1,12,800 /1200 sharesMinimum Investment

Indian Phosphate IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
--₹99.00₹188.10₹89.10 (90.00%)

Indian Phosphate IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
26 Aug ‘24 - 29 Aug ‘24₹1,12,8001,200₹94 - ₹99
Issue SizeIPO Doc
67.36Cr
RHP PDF

Subscription rate

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

About Indian Phosphate

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
Managing director
Mr. Ravindra Singh
Parent organisation
Indian Phosphate Ltd

Strengths & Financials of Indian Phosphate

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 Financials

*All values are in Rs. Cr
No Graph Data To Display

Application Details of Indian Phosphate IPO

Apply asPrice bandApply upto
Regular94 - 99₹2 Lakh
High Networth Individual94 - 99₹2 - 5 Lakh
For Indian Phosphate IPO, eligible investors can apply as Regular.
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