Indian Phosphate IPO Date, Review, Price, Allotment Details

Indian Phosphate IPO Details: Indian Phosphate IPO date is fixed, The IPO will open on August 26 and will close on August 29. Indian Phosphate is a NSE SME IPO to raise ₹67.36 crores via IPO. The Indian Phosphate IPO price band is fixed at ₹94 to ₹99 with a market lot of 1200 shares.

Indian Phosphate Limited is mainly engaged in the production of Linear Alkylbenzene Sulphonic Acid LABSA 90%, popularly known as LABSA, is an anionic surfactant and it is used in the formulation of all types of detergent powders, cakes, toilet cleaners and liquid detergents. They are also engaged in the manufacturing of “Single Super Phosphate” (SSP) fertilizer and “Granules Single Super Phosphate” (GSSP) Fertilizer which is manufactured and supplied as per the standards of Fertilizer Control Order of India in powder and granulated form as well as fortified with zinc and boron. The company operates from its manufacturing facility located at Plot No. 5056, Village: Umarda, Girwa district, Udaipur, Rajasthan which is nearby of supply of both the raw materials (a) Sulphuric Acid 98% (b) Rock Phosphate used in manufacturing of their products. The Company has a presence in major states like Punjab, Bihar, Gujarat, Haryana, Madhya Pradesh, Maharashtra, Rajasthan, Uttar Pradesh, Himachal Pradesh, West Bengal and Uttarakhand.

Indian Phosphate furthermore also produces Zincated Single Super Phosphate – “Powder/Granules” and Zincated and boronated Single Super Phosphate – “Granules” by formulating zinc and boron into the granulator and powder hopper along with Single Super Phosphate powder in required proportion. The company, to increase its business presence in South Indian Markets and also as a part of its business strategy they are setting up a manufacturing plant of Sulphuric Acid which is a backward integration plant for manufacturing of LABSA 90%. The company has acquired a Plot admeasuring area of 8.25 acres on a lease basis at SIPCOT Industrial Park, Cuddalore District, Tamilnadu for Sulphuric acid with an installed capacity of 200 MT/ day including manufacturing of LABSA 90% with an installed capacity of 100 MT/ day & Magnesium Sulphate with an installed capacity of 60 MT/day.

Indian Phosphate IPO Date & Price Band Details

Indian Phosphate IPO Dates

The Indian Phosphate IPO date is August 26 and the IPO close date is August 29. The IPO allotment date is August 30 and the IPO might list on September 3.

Indian Phosphate IPO Valuation – FY2023

Check Indian Phosphate IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.