IPO Details
Bidding Dates
26 Aug 24 - 29 Aug 24
Price Range ₹
94 - 99
Total Equity
₹ 67.36Cr
Lot Size
1200
Exchange Status
NSE
IPO Doc
Subscription Rate
Non-Institutional Investor
0.00×
Qualified Institutional Buyers
0.00×
Employees
0.00×
Retail Investors
0.00×
Total subscription Rate
0.00×
IPO Timeline
Offer start
26 Aug 2024
Offer end
29 Aug 2024
Allotment
30 Aug 2024
Refund initiation
02 Sept 2024
Demat transfer
02 Sept 2024
Listing
03 Sept 2024
Offer start
26 Aug 2024
Offer end
29 Aug 2024
Allotment
30 Aug 2024
Refund initiation
02 Sept 2024
Demat transfer
02 Sept 2024
Listing
03 Sept 2024
About Company
Established in 1998, Indian Phosphate Limited produces Linear Alkyl Benzene Sulfonic Acid (LABSA 90%), an anionic surfactant widely used in washing powders, cakes, toilet cleaners, and liquid detergents. The company also manufactures Single Super Phosphate (SSP) and Granules Single Super Phosphate (GSSP), available in powder and granule forms, compliant with India's Fertilizer Control Regulation and fortified with Zinc and Boron. The manufacturing facility is located in Girwa district, Udaipur, Rajasthan, near key raw materials: sulphuric acid (98%) and rock phosphate. Linear alkyl benzene (LAB), another crucial raw material, is sourced from IOCL Vadodara, Nirma Ltd Vadodara, and Reliance Industries Ltd Patalganga. Indian Phosphate Limited operates across 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 employed 105 people.
Year Founded
14-12-1998
Promotor Details
Ravindra Singh
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 100 | 72.77 |
| Share Capital | 18185207 | 18185207 |
Offer to Public
68,04,000.00 Cr
Highlights
- The company benefits from a strategic manufacturing location in Girwa district, Udaipur, Rajasthan, close to essential raw materials like sulphuric acid and rock phosphate. This proximity ensures cost-effective sourcing and efficient production. Additionally, the company has established reliable supply chains for other critical materials like linear alkyl benzene (LAB), sourced from reputable suppliers such as IOCL Vadodara, Nirma Ltd Vadodara, and Reliance Industries Ltd Patalganga.
- Indian Phosphate Limited places a strong emphasis on maintaining high-quality standards across its product range. The company adheres to the norms of the Fertilizer Control Regulation of India, ensuring that its products, such as LABSA, SSP, and GSSP, meet stringent quality benchmarks. This commitment to quality helps build trust with customers and strengthens the brand's reputation in the market.
- The company leverages the deep industry expertise and experience of its promoters and management team. Their strategic vision and operational knowledge have been instrumental in driving the company's growth and navigating the complexities of the market. This experienced leadership positions the company well for future expansion and success.
- Indian Phosphate Limited has implemented both forward and backward integration strategies, along with diversification in its product offerings. The company's forward integration into the production of granules and fortified fertilizers, as well as backward integration into sourcing and processing key raw materials, enhances its value chain control and reduces dependency on external suppliers. This integrated approach supports sustainable growth and profitability.
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Challenges
- The company relies heavily on a small number of customers for a significant portion of its revenue, with one customer contributing 79.76%, 67.96%, 62.29%, and 53.79% of revenue during the period ended on October 31, 2023, and fiscals ending on March 31, 2023, 2022, and 2021, respectively. The loss of any of these key customers could severely impact the company's revenues and profitability.
- A substantial portion of the company's business is tied to the fertilizer industry, which is dependent on the performance of the agricultural sector. Any adverse developments in agriculture, such as unfavorable weather conditions, reduced government subsidies, or policy shifts, could negatively affect the company's business, financial performance, and results of operations.
- The company faces certain contingent liabilities that, if they materialize, could adversely impact its financial condition and cash flows. Additionally, the company is involved in ongoing litigation, and any unfavorable outcomes could harm its business, reputation, and financial results.
- The company operates under various laws that require obtaining and maintaining statutory and regulatory approvals. Failure to secure, renew, or maintain these approvals could disrupt business operations and materially affect the company's prospects, financial condition, and results of operations.
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Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2021 | 6,313.73 | 271.43 | 509.44 | 509.44 | 2.8013 |
| 2023 | 17,407.47 | 271.43 | 509.44 | 509.44 | 2.8013 |
| 2022 | 10,789.94 | 271.43 | 509.44 | 509.44 | 2.8013 |
