Indian Phosphate IPO Details, Price, and GMP – Founded in 1998, Indian Phosphate Ltd. is a SME IPO that produced a book-built issue of Rs. 67.36 crore. The company produces 90% of LABSA, or Linear Alkyl Benzene Sulfonic Acid. An anionic surfactant called LABSA is a component of many liquid detergents, cakes, toilet cleansers, and washing powders. Additionally, the company manufactures “Single Super Phosphate” (SSP) and “Granules Single Super Phosphate” (GSSP), which are braced with zinc and boron and supplied in powder and granule form in accordance with the Compost Control Guideline of India.
Indian Phosphate IPO Details
An entirely new issuance of 68.04 lac shares, valued at Rs. 67.36 crore, is available for purchase by individual investors (35%), institutional investors (50%) and non-institutional investors (15%).
| IPO Open Date | August 26, 2024 |
| IPO Close Date | August 29, 2024 |
| Listing Date | Tuesday, September 3, 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 up to ₹67.36 Cr) |
| Fresh Issue | 6,804,000 shares
(aggregating up to ₹67.36 Cr) |
| Listing At | NSE SME |
Indian Phosphate Financials
Between March 31, 2024, and March 31, 2023, Indian Phosphate Limited’s profit after tax (PAT) plummeted by -27% and its revenue by -7%, respectively.
| FY 2024 | |
| Assets | 25,518.6 |
| Revenue | 71,757.81 |
| Profit After Tax | 1,210.21 |
| Net Worth | 8,099.06 |
| ROE | 18.14% |
| ROCE | 20.93% |
| RoNW | 16.63% |
| P/BV | 2.23 |
| PAT Margin (%) | 1.91 |
How to Check Indian Phosphate Limited IPO Allotment Status?
The allotment of Indian Phosphate IPO shares is expected on August 30, 2024. The Indian Phosphate IPO allotment status is not currently available. To verify the Indian Phosphate IPO allotment status, follow the steps outlined below:
- Click the allotment status check button below.
- Select the company name. Please enter your PAN, Application Number, or DP Client ID (Anyone).
- Click Search.
- When you obtain an allotment, you will receive credit for comparable shares in your Demat account.
About the Company – Indian Phosphate
Indian Phosphate Limited, founded in 1998, is a significant producer of Linear Alkyl Benzene Sulfonic Acid (LABSA 90%), an anionic surfactant that is widely used in the creation of washing powders, cakes, toilet cleansers, and liquid detergent. In addition to LABSA, the company produces “Single Super Phosphate” (SSP) and “Granules Single Super Phosphate” (GSSP), which are necessary fertilisers that conform with India’s Fertilizer Control Regulation. These fertilisers are available in powder and granule form and contain key micronutrients such as zinc and boron.
