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| IPO Listing At | NSE SME |
| SME IPO Issue Type | Book Build Issue |
| Total Issue Size | ₹67.36 Cr |
| Reserved for Market Maker | ₹0.00 Cr |
| Net Issue Size | ₹67.36 Cr |
| Fresh Issue | ₹63.66 Cr |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹94.00-99.00 per share |
| Discount | Retail: 0.00 |
| NSE Code | IPHL |
| Registrar | Bigshare Services Pvt.Ltd. |
| Lead Managers | Beeline Capital Advisors Pvt.Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 1,200 shares and in multiples thereof
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.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | 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 |
| 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 | ||||
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 18.14% |
| ROCE | 20.93% |
| Debt / Equity | 0.50% |
| RoNW | 16.63% |
| PAT Margin | 1.91% |
| Price to Book Value | 2.23 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 6.65 | 4.84 |
| P/E (x) | 14.88 | 20.44 |
| Promoter Holding | 100% | 72.77% |
| Market Cap | ₹247.40 Cr. | |
