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Open
26 Aug 2024
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Close
29 Aug 2024
3
Allotment
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Listing
Tue, Sep 3, 2024
Price Band
₹94 to ₹99
Issue Size
68,04,000 shares (agg. up to ₹67 Cr)
Lot Size
1,200 Shares
Listing Date
Tue, Sep 3, 2024
Latest GMP
₹125
Est. Gain
126.26%
✦ AI Insight
GMP Trend
03-09-2024₹125Est. ₹224+126.26%
02-09-2024₹125Est. ₹224+126.26%
01-09-2024₹100Est. ₹199+101.01%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 196.87x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 255.19 | 174.07 | 107.90 | 63.14 |
| Total Income | 717.58 | 770.93 | 558.39 | 415.02 |
| Profit After Tax | 12.10 | 16.60 | 16.17 | 5.09 |
| NET Worth | 80.99 | 67.52 | 50.92 | 34.76 |
| Reserves and Surplus | 62.81 | 64.80 | 48.21 | 32.04 |
| Total Borrowing | 40.23 | 15.35 | 18.31 | 4.34 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Indian Emulsifiers Ltd. | SME | ₹42.39 Cr | ₹132 | 30.54 | ₹451.50 | +242.05% | ₹40.45 (-3.00%) |
| Silkflex Polymers (India) Ltd. | SME | ₹18.11 Cr | ₹52 | 53.76 | ₹58.70 | +12.88% | ₹198.65 (-2.55%) |
| Accent Microcell Ltd. | SME | ₹78.40 Cr | ₹140 | 13.92 | ₹315.00 | +125.00% | ₹513.40 (+0.71%) |
| Deepak Chemtex Ltd. | SME | ₹23.04 Cr | ₹80 | 10.14 | ₹159.60 | +99.50% | ₹75.75 (-0.63%) |
| Saroja Pharma Industries India Ltd. | SME | ₹9.11 Cr | ₹84 | 23.25 | ₹68.25 | -18.75% | ₹28.60 (-4.51%) |
| Kronox Lab Sciences Ltd. | Mainboard | ₹130.15 Cr | ₹136 | 30.37 | ₹159.32 | +17.15% | ₹151.94 (+0.70%) |
| Platinum Industries Ltd. | Mainboard | ₹235.32 Cr | ₹171 | 18.73 | ₹221.20 | +29.36% | ₹229.36 (+1.19%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | For Setting up a new manufacturing facility at SIPCOT Industrial Park Phase-I, Kudikadu Village, Cuddalore District ('C' District) Plot(s) - Plot No.C-17/A, TamilNadu for manufacturing of Sulphuric Acid, LABSA 90%, and Magnesium Sulphate | 33.18 |
| 2 | To Meet Working Capital Requirements. | 24.90 |
| 3 | For General Corporate Purposes | 0.78 |
About Indian Phosphate IPO
Indian Phosphate Limited, established in 1998, produces Linear Alkyl Benzene Sulfonic Acid LABSA 90%, commonly known as LABSA, an anionic surfactant used in the formulation of all types of washing powders, cakes, toilet cleaners, and liquid detergents. The company also manufactures “Single Super Phosphate” (SSP) and “Granules Single Super Phosphate” (GSSP) which are manufactured and supplied in powder and granule form as per the norms of the Fertilizer Control Regulation of India and are fortified with Zinc and Boron. The Company's manufacturing facility is located in Girwa district, Udaipur, Rajasthan, close to the two raw materials (a) sulphuric acid 98% and (b) rock phosphate used in the manufacture of the products. The other important raw material, linear alkyl benzene (LAB), is sourced from IOCL, Vadodara, Nirma Ltd, Vadodara and Reliance Industries Ltd, Patalganga. Indian Phosphate Limited has a presence in major states like Punjab, Bihar, Gujarat, Haryana, Madhya Pradesh, Maharashtra, Rajasthan, Uttar Pradesh, Himachal Pradesh, West Bengal, and Uttarakhand. As of March 31, 2024, the company had 105 employees.+ Read More
Contact Details
Indian Phosphate Ltd. AddressPlot 638, Sector-11Udaipur City, GirwaGirwa-Udaipur, Rajasthan, 3130010294-2946959investor@indianphosphate.comVisit Website