Indian Phosphate Limited-Logo

Indian Phosphate Limited

IPHL

94-99

per share
Bidding Dates
26-29 Aug
Min. Investment
₹1,12,800.00
Lot Size
1200 shares
Issue Size
₹67.36 Cr
IPO Timeline
Bidding starts
26 Aug ‘24
Bidding ends
29 Aug ‘24
Allotment finalisation*
30 Aug ‘24
Refund initiation*
02 Sep ‘24
Demat transfer
02 Sep ‘24
Listing
03 Sep ‘24
* Refund is a 7-10 days process. If you don’t get refund then please contact your bank.

About Indian Phosphate Limited

Indian Phosphate Limited, established in 1998.Indian Phosphate Limited is a prominent player in the manufacturing sector, specializing in the production of essential industrial chemicals and fertilisers. The company's flagship product, Linear Alkylbenzene Sulphonic Acid (LABSA) 90%, is a high-quality anionic surfactant integral to the formulation of various cleaning agents, including detergent powders, cakes, toilet cleaners, and liquid detergents. Alongside LABSA, Indian Phosphate Limited is a leading producer of Single Super Phosphate (SSP) and Granules Single Super Phosphate (GSSP) fertilizers. These products are vital for agriculture, providing essential nutrients to improve soil health and crop yield. The company's SSP and GSSP fertilizers are manufactured in compliance with the Fertilizer Control Order of India and are available in both powder and granulated forms, with options fortified with zinc and boron to address soil deficiencies.

The company operates from a strategically located manufacturing facility in Udaipur, Rajasthan, which benefits from proximity to key raw materials such as Sulphuric Acid and Rock Phosphate. Indian Phosphate Limited sources its Linear Alkylbenzene (LAB) from major suppliers including IOCL, Vadodara, Nirma Ltd., Vadodara, and Reliance Industries Ltd., Patalganga. Over the past five years, the company has focused on enhancing the nutritional value of its SSP fertilizers by incorporating zinc and boron, responding to government incentives and the needs of farmers. This commitment to producing fortified SSP has led to a significant portion of its output—over 80%—being enriched with these critical nutrients.

In line with its growth strategy and expansion into South Indian markets, Indian Phosphate Limited is setting up a new manufacturing plant at SIPCOT Industrial Park in Cuddalore District, Tamil Nadu. This plant will not only produce Sulphuric Acid but will also manufacture LABSA 90% and Magnesium Sulphate, further integrating the company’s supply chain. The new facility, with an installed capacity of 200 MT/day for Sulphuric Acid and 100 MT/day for LABSA 90%, is expected to bolster the company’s production capabilities and market presence in the region.

Additionally, Indian Phosphate Limited is expanding its operations in Maharashtra with a new manufacturing facility for SSP fertilizer. The company has secured a 100,000 square meter plot at Nardana MIDC Phase – II, Dhule, and has already made significant investments in land acquisition, site development, and utilities. The company’s success is driven by a dedicated management team led by Mr. Ravindra Singh, a key promoter whose leadership since 2001 has been instrumental in the company’s growth and evolution. The collective expertise of the management team enables Indian Phosphate Limited to navigate market trends, manage operations effectively, and adapt to changing customer preferences.

Indian Phosphate Limited  prepares for its Initial Public Offering (IPO), the proceeds from the Fresh Issue will be allocated towards critical objectives:

  1. For Setting up a new manufacturing facility at SIPCOT Industrial Park ,TamilNadu.
  2. To Meet Working Capital Requirements.
  3. For General Corporate Purposes

 

IPO analysis

Registrar information
Name
Bigshare Services Pvt Ltd
Phone number
+91-22-6263 8200
Email ID
ipo@bigshareonline.com

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