Indian Phosphate IPO – The company is primarily engaged in the production of Linear Alkyl Benzene Sulfonic Acid LABSA 90%, an anionic surfactant used in the manufacture of all types of detergents, cakes, toilet cleaners, and liquid detergents. Single Superphosphate fertilizers are manufactured and supplied in the form of powder and granules enriched with zinc and boron as per the norms of the Fertilizer Control Ordinance of India.
Indian Phosphate IPO Dates & Listing Performance
| IPO Opening Date | 26 August 2024 |
| IPO Closing Date | 29 August 2024 |
| Finalization of Basis of Allotment | 30 August 2024 |
| Initiation of refunds | 2 September 2024 |
| Transfer of shares to demat accounts | 2 September 2024 |
| IPO Listing Date | 3 September 2024 |
| Opening Price on NSE SME | Coming soon |
| Closing Price on NSE SME | Coming soon |
Indian Phosphate IPO Details
| Indian Phosphate IPO Dates | 26 – 29 August 2024 |
| Indian Phosphate Issue Price | INR 94 – 99 per share |
| Fresh issue | 68,04,000 shares (INR 63.96 – 67.36 crore) |
| Offer For Sale | NIL |
| Total IPO size | 68,04,000 shares (INR 63.96 – 67.36 crore) |
| Minimum bid (lot size) | 1,200 shares (INR 1,18,800) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | NSE EMERGE |
The company operates its manufacturing facility in Udaipur, Rajasthan. Its key raw materials Sulphuric Acid 98% and Rock Phosphates are available in close proximity to the production facility. Linear Alkyl Benzene, the other major raw material, is procured from IOCL (Vadodara), Nirma Ltd (Vadodara) and Reliance Industries Ltd (Patalganga).
Indian Phosphate Financial Performance
| FY 2022 | FY 2023 | FY 2024 | |
| Revenue | 557.15 | 768.69 | 704.18 |
| Expenses | 536.65 | 748.54 | 687.25 |
| Net income | 16.17 | 16.60 | 13.47 |
Indian Phosphate has acquired a land parcel measuring 8.25 acres on a leasehold basis in Tamil Nadu, with an installed capacity of 200 tonnes/day for Sulphuric Acid including manufacturing of LABSA 90% with an installed capacity of 100 tonnes/day. The installed capacity of Magnesium Sulphate is 60 t/day. The company is present in the major states of Punjab, Bihar, Gujarat, Haryana, Madhya Pradesh, Maharashtra, Rajasthan, Uttar Pradesh, Himachal Pradesh, West Bengal and Uttarakhand.
