Indian Phosphate Limited
IPO Details
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Company Fin.
₹125(126.26%)
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Following its successful public offering, Indian Phosphate Limited's made its market debut on Sep 03, 2024 and is now actively traded on the NSEplatform. The IPO mobilized 68,04,000 Shares in total capital, including 68,04,000 Shares in primary equity infusion.
The offering was structured with a price band of ₹94 to ₹99 and minimum investment lots of 1200 shares. Investor participation during the subscription window from Aug 26, 2024 to Aug 29, 2024 demonstrated market confidence in the company's prospects.
The allotment process concluded on Aug 30, 2024, allocating shares to successful bidders. The listing represents the culmination of the IPO process, transitioning the company to publicly traded status with enhanced transparency and governance standards.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Indian Phosphate Limited, founded in 1998, is a leading producer of Linear Alkyl Benzene Sulfonic Acid (LABSA 90%), a key ingredient in cleaning products like washing powders, toilet cleaners, and liquid detergents. The company also manufactures Single Super Phosphate (SSP) and Granules Single Super Phosphate (GSSP), enriched with Zinc and Boron, following India’s Fertilizer Control Regulation. Its manufacturing facility in Girwa, Udaipur, Rajasthan, benefits from easy access to essential raw materials like sulphuric acid and rock phosphate, while linear alkyl benzene (LAB) is sourced from major suppliers such as IOCL, Nirma Ltd, and Reliance Industries Ltd. Operating across multiple states, including Punjab, Bihar, and Gujarat, Indian Phosphate Limited had 103 employees as of January 31, 2024.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Smart Sourcing & Strategic Location: Being close to key raw materials and using efficient sourcing methods helps reduce costs and improve production efficiency.
- Commitment to Quality: Strict quality standards ensure that products like LABSA, SSP, and GSSP are reliable and effective.
- Strong Leadership: An experienced management team brings valuable expertise, guiding the company’s growth and strengthening its market position.
- Economic and Political Risks: Since the company operates only in India, it is affected by economic changes, political shifts, and market conditions that it cannot control.
- Impact of Disasters and Crises: Events like natural disasters, pandemics, or civil unrest could disrupt operations and challenge business continuity.
- Credit Rating Concerns: If India's credit rating drops, it could reduce investor confidence and impact the company’s stock value.
Mr. Ravindra Singh
Mrs. Mamta Arora
Mr. Rushil Arora
Indian Phosphate Limited
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