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SME IPO Status: Listed [26th Aug 2024 to 29th Aug 2024]
Indian Phosphate IPO, a SME IPO of ₹67.36 Cr was launced on 26-08-2024 to 29-08-2024 and the shares got listed on NSE SME on 03-09-2024.
The public issue of Indian Phosphate IPO (IPHL) was offered at ₹99.00 per share and the ipo was listed at ₹188.10. It has delivered listing gain of 90.00%.
As the minimum lot size was 1200 shares, the IPO has offered Rs 106920.00 per lot return on listing.
| SME IPO Issue Opening Date: | 26th Aug 2024 |
| SME IPO Issue Closing Date: | 29th Aug 2024 |
| SME IPO Issue Price: | ₹94.00-99.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | NSE SME |
| Retail Quota: | Not less than 35.00% of the Offer |
| SME IPO Issue Type: | Book Build Issue |
| SME IPO Issue Size: | ₹67.36 Cr |
| Fresh Issue: | ₹67.36 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 100.00% |
| Promoter Holding Post IPO: | |
| Allotment Status: | Allotment Status |
| NSE Code: | IPHL |
Get important updates regarding Indian Phosphate SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 30th Aug 2024 |
| Refunds Initiation* | 2nd Sep 2024 |
| Credit of Shares to Demat* | 2nd Sep 2024 |
| SME IPO Listing Date* | 3rd Sep 2024 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹94.00-99.00 |
| Market Lot: | 1200 Shares |
| 1 Lot Amount: | ₹118800 |
| Min HNI Lots: | 2400 shares (2 lots)- ₹237600 |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 03-09-2024 | 99.00 | 125 | 114000 | ₹224 (126.26%) | 3-Sep-2024 10:25 |
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**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Indian Phosphate Ltd is engaged in the business of production of Linear Alkylbenzene Sulphonic Acid LABSA 90%, a chemical used in the formulation of all types of detergent powders, cakes, toilet cleaners and liquid detergents. It is also engaged in the production of Single Super Phosphate fertilizer and Granules Single Super Phosphate fertilizer used in agriculture industry.
The company has its manufacturing facility situated in Umarda, Girwa district, Udaipur, Rajasthan with close proximity to Supluric Acid 98% and Rock Phosphate used in the manufacturing process.
In Nov 22, the company also entered into non-renewable energy sector with a 750 KWh solar plant in Bikaner.
The company has wider presence in major states, including Punjab, Bihar, Haryana, Madhya Pradesh, Maharashtra, Rajasthan, Uttar Pradesh, West Bengal, Uttarakhand, and Himachal Pradesh.
| Incorporation | Sector | IPO Issue Size | Website |
| 1998 | Chemical | ₹67.36 Cr | http://www.indianphosphate.com/ |
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
Our experts can help you prepare for SME IPO
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 1,286,400 (28.57%) | 964,800 (21.43%) | 2,251,200 (50%) | 4,502,400 | |
| 1 | 26th Aug 2024 19:32 | 0.39x | 8.50x | 20.33x | 12.10x |
| 2 | 27th Aug 2024 19:31 | 3.63x | 26.50x | 62.06x | 37.75x |
| 3 | 28th Aug 2024 19:31 | 8.90x | 61.84x | 132.55x | 82.07x |
| 4 | 29th Aug 2024 18:21 | 181.58x | 441.01x | 243.02x | 267.89x |
Indian Phosphate Limited's revenue decreased by -7% and profit after tax (PAT) dropped by -27% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 | ||||||||||||||||||||||||||||||||||||
| Assets | 25,518.6 | 17,407.45 | 10,789.93 | 6,313.71 | ||||||||||||||||||||||||||||||||||||
| Revenue | 71,757.81 | 77,093.2 | 55,838.56 | 41,501.81 | ||||||||||||||||||||||||||||||||||||
| Profit After Tax | 1,210.21 | 1,659.53 | 1,616.61 | 509.44 | ||||||||||||||||||||||||||||||||||||
| Net Worth | 8,099.06 | 6,751.8 | 5,092.27 | 3,475.66 | ||||||||||||||||||||||||||||||||||||
| Reserves and Surplus | 6,280.56 | 6,480.37 | 4,820.84 | 3,204.23 | ||||||||||||||||||||||||||||||||||||
| Total Borrowing | 4,023.17 | 1,535.48 | 1,830.58 | 434.04 | ||||||||||||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||||||||||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Indian Phosphate Limited | 6.65 | 44.34 | 15.01 | Consolidated | ||
| Rama Phosphates Ltd. | -17.56 | 199.41 | -8.81 | Standalone |
Last Updated on 07-Sep-2024 07:03:19
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Indian Phosphate SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Indian Phosphate SME IPO with Zerodha.
Alternate approch to apply in Indian Phosphate SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Indian Phosphate SME IPO Review and Important Updates
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To subscribe or apply in Indian Phosphate SME IPO, you can use the following methods:
| Indian Phosphate SME IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Indian Phosphate SME IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Indian Phosphate SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Indian Phosphate SME IPO. Most of the Syndicate Banks provide access to apply in Indian Phosphate IPO via ASBA process. You must have your net banking access, DP ID information to apply in Indian Phosphate SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Indian Phosphate SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Indian Phosphate SME IPO Review and Important Updates
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Indian Phosphate SME IPO is going to be list on 03-09-2024. NSE Code for Indian Phosphate is IPHL.
Other relevant questions:
When Indian Phosphate SME IPO will be listing? Indian Phosphate SME IPO NSE listing date?Indian Phosphate SME IPO date of listing
Indian Phosphate SME IPO Allotment Date is 30-08-2024.
Other relevant questions:
Indian Phosphate SME IPO share allotment date?Indian Phosphate SME IPO allotment date?
