Indian Phosphate Ltd

Indian Phosphate Ltd IPO

Indian Phosphate Ltd IPO Price Range is ₹94 - 99, with a minimum investment of ₹1,18,800 for 1200 shares.

₹1,18,800

/ 1200 shares

Minimum Investment

View Indian Phosphate Ltd IPO details including price range, minimum investment, lot size, financials, and IPO timeline. Get subscription updates, peer comparison, and key insights to help you make an informed decision.

IPO Status

Closed

Price Band

₹94 - 99

Open Date

2024-08-26

Close Date

2024-08-29

IPO Size

₹67.36 Cr

Lot Size

1200 shares

Min Investment

₹1,18,800

Listing Exchange

NSE

Indian Phosphate Ltd IPO Application Timeline

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Open Date26 Aug 2024
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Close Date29 Aug 2024
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Allotment Date30 Aug 2024
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Listing Date3 Sep 2024

Strengths and Risks

Strengths

Strengths

  • Cost Effective sourcing and Strategic Location of Manufacturing Unit.

  • Quality assurance.

  • Leveraging the expertise of its Promoters and Management Team.

  • Forward integration and Diversification.


Risks

Risks

  • The Company is dependent on few numbers of customers for sales. Loss of any of this large customer may affect its revenues and profitability.

  • The company has certain contingent liabilities, which, if they materialize, may affect its results of operations, financial condition, and cash flows.

  • The company have certain outstanding litigation against the Company, an adverse outcome of which may adversely affect its business, reputation and results of operations.

  • Its business is operating under various laws which require it to obtain approvals from the concernedstatutory/regulatory authorities in the ordinary course of business and its inability to obtain, maintain or renew requisite statutory and regulatory permits and approvals for its business operations could materially and adversely affect its business, prospects, results of operations and financial condition.

  • The company derives 78.66%, 67.96% and 62.29% of its revenue from operation from one customer during the fiscal ending on March 31, 2024, 2023 and 2022. If such customer choose not to source their requirement from it, the companys business, financial condition and result of operation may be adversely affected.

  • The company does not have long-term agreements with suppliers for its raw materials and an increase in the cost of, or a shortfall in the availability or quality of such raw materials could have an adverse effect on its business and results of operations.

  • The company does not own its Registered Office and Production Unit. A failure to renew the company existing lease arrangements at commercially favourable terms or at all may have a material adverse effect on its business, financial condition, and results of operations.

  • Its Restated Financial Statements are prepared and signed by the Peer Review Auditor who is not Statutory Auditors of the Company as required under the provisions of ICDR.

  • Out of total cost of Plant & Machinery worth Rs. 2817.40 lakhs, the company has not yet placed order for any of such Plant & Machinery.

  • The company has extended Corporate Guarantee on behalf of one of its Group Companies.

How to Apply for Indian Phosphate Ltd IPO on INDmoney

1

Download the INDmoney app and complete your KYC to open an account.

2

Go to the INDstocks section and tap on IPO, or search for ‘IPO’.

3

Select Indian Phosphate Ltd IPO from the list of live IPOs.

4

View key details like price band, lot size, and dates, then tap ‘Apply Now’.

5

Choose the number of lots and place your order via UPI.

6

Your funds will be blocked until the share allotment is finalized.

About Indian Phosphate Ltd

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. We 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. Single Super Phosphate and Granules Single Super Phosphateare being a fertilizer in nature used in agriculture industry. The company operates from its manufacturing facility located at Plot No. 5056, Village: Umarda, Girwa district, Udaipur, Rajasthan which is in the close proximity of supply of both the raw materials (a) Sulphuric Acid 98% (b) Rock Phosphate used inmanufacturing of its products. The other major raw material Linear Alkylbenzene (LAB) is sourced from IOCL, Vadodara, Nirma Ltd., Vadodara and Reliance Industries Ltd., Patalganga. The company 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 Department of Fertiliser and the Government of India encouraged the SSP sector to create value-added fortified SSP with zinc and boron content due to the deficiency of these elements in the soil. Since last 5 years our focus is to produce fortified SSP with Zinc and Boron. The Company has educated farmers over the past five years, encouraging them to use fortified SSP with boron and zinc according to soil deficiencies. As a result, we are currently generating more than 80% of SSP as fortified SSP.

Frequently Asked Questions of Indian Phosphate Ltd IPO

What is the size of the Indian Phosphate Ltd IPO?

The size of the Indian Phosphate Ltd IPO is ₹67.36 Cr.

What is the allotment date of the Indian Phosphate Ltd IPO?

Indian Phosphate Ltd IPO allotment date is Aug 30, 2024 (tentative).

What are the open and close dates of the Indian Phosphate Ltd IPO?

The Indian Phosphate Ltd IPO will open on Aug 26, 2024 and close on Aug 29, 2024

What is the lot size of Indian Phosphate Ltd IPO?

The lot size for the Indian Phosphate Ltd IPO is 1200.

When will my Indian Phosphate Ltd IPO order be placed?

Your Indian Phosphate Ltd IPO order will be placed on Aug 26, 2024

Can we invest in Indian Phosphate Ltd IPO?

Yes, once Indian Phosphate Ltd IPO opens, you can invest in the shares of the company.

What would be the listing gains on the Indian Phosphate Ltd IPO?

The potential listing gains on the Indian Phosphate Ltd IPO will depend on various market factors and cannot be predicted with certainty.

What is 'pre-apply' for Indian Phosphate Ltd IPO?

'Pre-apply' for Indian Phosphate Ltd IPO indicates your interest in the IPO before it opens for subscription. This ensures quick application when the IPO goes live.