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Indian Phosphate IPO
Indian Phosphate Ltd
₹1,12,800 /1200 sharesMinimum Investment
Indian Phosphate IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 26 Aug ‘24 - 29 Aug ‘24 | ₹1,12,800 | 1,200 | ₹94 - ₹99 |
| Issue Size | IPO Doc |
|---|---|
| 67.36Cr | RHP PDF |
Subscription rate
As of 29 Aug'24, 05:00 PM
| Qualified Institutional Buyers | 0.00x |
| Non-Institutional Investor | 0.00x |
| Retail Individual Investor | 0.00x |
| Total | 216.29x |
About Indian Phosphate
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 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.
Indian Phosphate Financials
*All values are in Rs. Cr
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Application Details of Indian Phosphate IPO
| Apply as | Price band | Apply upto |
|---|---|---|
| Regular | ₹94 - 99 | ₹2 - 5 Lakh |
| High Networth Individual | ₹94 - 99 | ₹2 - 5 Lakh |
For Indian Phosphate IPO, eligible investors can apply as Regular.