Issue Price
₹99
Per Share
GMP
NIL
Grey Market
Est. Listing
₹99
Expected Price
Min. Application
₹237,600
2 lots × 1200 shares
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.
Indian Phosphate Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| Market Maker | 373,200 | — | ₹3.69 Cr | — |
| TOTAL | 6,804,000 | 100.00% | ₹67.36 Cr | — |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹118,800 |
| Retail (Max) | 13 | 15,600 | ₹1,544,400 |
| sNII (Min) | 14 | 16,800 | ₹1,663,200 |
| bNII (Min) | 68 | 81,600 | ₹8,078,400 |
| Particulars | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Revenue from Operations | 71757.81 | 77093.20 | 55838.56 |
| EBITDA | N/A | N/A | N/A |
| Profit After Tax (PAT) | 1210.21 | 1659.53 | 1616.61 |
| Net Worth | 8099.06 | 6751.80 | 5092.27 |
| Total Assets | 25518.60 | 17407.45 | 10789.93 |
| Reserves & Surplus | 6280.56 | 6480.37 | 4820.84 |
| Total Borrowings | 4023.17 | 1535.48 | 1830.58 |