Indian Phosphate Limited IPO
Indian Phosphate Limited IPO
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Following its successful public offering, Indian Phosphate Limited's made its market debut on 03-09-2024 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 26-08-2024 to 29-08-2024 demonstrated market confidence in the company's prospects.
The allotment process concluded on 30-08-2024, 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 IPO About Company
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."
Indian Phosphate IPO Strength Factors
- 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.
Indian Phosphate IPO Risk Factors
- 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.
Indian Phosphate IPO Lead Manager(s)
- Beeline Capital Advisors Private Limited
Indian Phosphate IPO Promoter(s)
Mr. Ravindra Singh
Mrs. Mamta Arora
Mr. Rushil Arora
Indian Phosphate IPO FAQs
Indian Phosphate Limited IPO subscribed 281.8 times. The public issue subscribed 269.35 times in the retail category,181.58times in QIB, and -- times in the HNI (10+) category byFebruary 28, 2025 12:45:06 PM (Day 28).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Indian Phosphate IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
Indian Phosphate IPO FAQs
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