Indian Phosphate Limited is going to be open to the public on August 26, 2024 and the closing date of the IPO is August 29, 2024. The share allotment date of the Indian Phosphate IPO is August 30, 2024 and the listing date is September 3, 2024. This is a SME Book Built fresh-issue initial public offering (IPO), with a total fresh issue size of ₹67.36 crore for 68 lakh shares. The price band of the Indian Phosphate IPO is set at between ₹94 to ₹99 per share.
You will find all the information regarding the company and its IPO on this page. This page will be updated regularly with the latest updates regarding the Indian Phosphate Limited IPO.
Table of Contents
Indian Phosphate IPO Details
| IPO Date | August 26, 2024 to 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 | ₹67.36 for 6,804,000 shares |
| Fresh Issue | ₹67.36 for 6,804,000 shares |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Overall Subscription | 264.34x |
| Share holding pre issue | 18,185,609 |
| Share holding post issue | 24,989,609 |
| Market Maker portion | 373,200 shares |
Indian Phosphate IPO Important Dates
The opening date of Indian Phosphate IPO is Monday, August 26, 2024 and closing date is Thursday, August 29, 2024. Basic allotment date of the IPO is Friday, August 30, 2024 and the listing date is Tuesday, September 3, 2024.
All the important dates regarding the Indian Phosphate Limited IPO are mentioned below. Mark them on your calendar so you don’t miss any events.
| IPO Open Date | Monday, August 26, 2024 |
| IPO Close Date | Thursday, August 29, 2024 |
| Basis of Allotment | Friday, August 30, 2024 |
| Refunds | Monday, September 2, 2024 |
| Credit of Shares to Demat | Monday, September 2, 2024 |
| Listing Date | Tuesday, September 3, 2024 |
Indian Phosphate IPO Fundamentals
| Earnings Per Share (EPS): | ₹7.41 per Equity Share |
| Price/Earning P/E Ratio: | ₹14 |
| Return on Net Worth (RoNW): | 16.63% |
| Net Asset Value (NAV): | ₹44.54 per Equity Share |
Indian Phosphate IPO GMP Today
The last updated Grey Market Premium (GMP) for the Indian Phosphate IPO is up to ₹58. The offering price for the Indian Phosphate Limited IPO is between ₹94 to ₹99 per share.
The following table displays the trend of the Indian Phosphate Limited IPO’s GMP over the past few days.
| GMP Date | IPO Price | GMP Price |
| September 3, 2024 | ₹94-₹99 | ₹58 |
| September 2, 2024 | ₹94-₹99 | ₹56 |
| September 1, 2024 | ₹94-₹99 | ₹57 |
| August 31, 2024 | ₹94-₹99 | ₹57 |
| August 30, 2024 | ₹94-₹99 | ₹53 |
| August 29, 2024 | ₹94-₹99 | ₹44 |
| August 28, 2024 | ₹94-₹99 | ₹42 |
| August 27, 2024 | ₹94-₹99 | ₹37 |
| August 26, 2024 | ₹94-₹99 | ₹55 |
| August 25, 2024 | ₹94-₹99 | ₹52 |
| August 24, 2024 | ₹94-₹99 | ₹52 |
| August 23, 2024 | ₹94 to ₹99 | ₹48 |
Indian Phosphate IPO Lot Size
Indian Phosphate Limited IPO offers a minimum of 1,200 shares per lot. Retail investors can apply for a minimum of 1 lot and a maximum of 1 lot, while high-net-worth individuals (HNIs) can apply for a minimum of 2 lots and a maximum of 4 lots.
The below table represents the future of minimum and maximum investment for retail investors and HNI concerning shares and amounts.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹1,18,800 |
| Retail (Max) | 1 | 1,200 | ₹1,18,800 |
| HNI (Min) | 2 | 2,400 | ₹2,37,600 |
Indian Phosphate IPO Shared Quota
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
How To Apply For Indian Phosphate IPO?
You can apply for Indian Phosphate IPO application through Net Banking, IPO Maker Website and using your trading app.
Net Banking: Login to your Internet Banking account, go to the IPO section, and select Indian Phosphate IPO to apply. Fill in the IPO bid form, enter your CDSL ID and DP account information, and make the payment. You will successfully apply for the IPO. If the IPO is not allotted to you, you will receive a 100% refund.
Indian Phosphate Limited Overview
Indian Phosphate Limited is a leading Chemical industry based to a Udaipur, Rajasthan. This company mainly engaged in the production and distribution of phosphate-based products and fertilize including LABSA (Linear Alkylbenzene Sulphonic Acid 90%) and SSP.
Indian Phosphate Limited Financial Reports
- Revenue: Dropped by 6.91% from ₹770.93 crore to ₹717.58 crore, indicating lower sales or income.
- Profit After Tax: Dropped by 27.11% from ₹16.60 crore to ₹12.10 crore, in FY2024 showing reduced profitability.
- Debts: Increased by 162.04% from ₹15.35 crore to ₹40.23 crore.
| FY | 31 Mar 2024 | 31 Mar 2023 |
| Assets | ₹255.18 crore | ₹174.07 crore |
| Revenue | ₹717.58 crore | ₹770.93 crore |
| Profit After Tax | ₹12.10 crore | ₹16.60 crore |
| Debts | ₹40.23 crore | ₹15.35 crore |
Indian Phosphate Limited Contact Details
Plot 638, Sector-11,
Udaipur City, Girwa,
Girwa – 313001
Phone: 0294-2946959
Email: [email protected]
FAQs
1. What is the GMP price of Indian Phosphate IPO?
The current GMP price of the Indian Phosphate IPO is ₹58.
2. On which exchange will the Indian Phosphate LTD IPO be listed?
Indian Phosphate Ltd IPO shares are to be listed on the NSE SME.
3. When is the allotment date for Indian Phosphate IPO?
The allotment date of the Indian Phosphate Ltd IPO is Friday, August 30, 2024.
4. What are the opening and closing dates of the Indian Phosphate IPO?
Indian Phosphate IPO will open on August 26, 2024 & close on August 29, 2024.
5. When is the listing date for the Indian Phosphate Limited IPO?
Indian Phosphate IPO’s listing date is September 3, 2024.
Indian Phosphate Limited IPO Overview Buy or Not
Indian Phosphate Limited saw a drop in revenue by 6.91%, going from ₹770.93 crore in the previous year to ₹717.58 crore this year. The company’s profit after tax also decreased by 27.11%, from ₹16.60 crore to ₹12.10 crore, indicating that it earned less profit compared to last year. Additionally, the company’s debts have increased significantly by 162.04%, rising from ₹15.35 crore to ₹40.23 crore, which show a high risk factors for invest in this IPO. The expected Our suggestion is to avoid this IPO. The expected return of this IPO is not more than 15%. Invest in this IPO at your own risk.
To get more information and regular updates on the Indian Phosphate Ltd IPO, keep in touch with The Invest Advisory.