Indian Phosphate SME IPO Details, Financials, Valuation & Peers
Get everything you need to know about the Indian Phosphate IPO. Explore Indian Phosphate IPO details, including IPO dates, financial statements, valuation, peer comparison, and more.
Overview
Indian Phosphate Limited, incorporated in 1998, is a diversified chemical and fertilizer manufacturing company specializing in the production of Linear Alkylbenzene Sulphonic Acid (LABSA 90%) and Single Super Phosphate (SSP) fertilizers. LABSA is a key ingredient in various detergents and cleaners, while SSP and Granulated Single Super Phosphate (GSSP) are essential fertilizers widely used in agriculture. The company operates from a strategically located manufacturing facility in Udaipur, Rajasthan, ensuring proximity to critical raw materials such as sulfuric acid and rock phosphate. Over the years, Indian Phosphate has expanded its production capacities and diversified into new ventures, including a recent solar power initiative for captive energy consumption and backward integration into sulfuric acid production.
Key Points:
- Core Products: Specializes in the production of Linear Alkylbenzene Sulphonic Acid (LABSA 90%), used in detergents and cleaners, and Single Super Phosphate (SSP) and Granules Single Super Phosphate (GSSP) fertilizers, vital for agricultural applications.
- Manufacturing Facilities: Operates a well-established manufacturing plant in Udaipur, Rajasthan, with strategic proximity to key raw materials. The facility has expanded over the years to include advanced production lines for both chemical and fertilizer products.
- Product Diversification: In addition to SSP and LABSA, the company also produces fortified SSP with zinc and boron, addressing soil nutrient deficiencies and enhancing agricultural yield.
- Expansion Initiatives: The company is setting up new facilities in Tamil Nadu and Maharashtra to expand its production capacity for sulfuric acid, LABSA, and SSP, strengthening its presence in South India.
- Backward Integration: The company has secured rock phosphate supplies directly from government sources and associated ventures, reducing production costs and enhancing competitiveness.
- Sustainability Focus: Recently commissioned a 750 kWh solar power plant in Bikaner for captive use, reflecting the company’s commitment to renewable energy and cost efficiency.
- Strategic Acquisitions: Acquired a 26% stake in Udaipur Poly Sacks Limited, increasing group capacity and operational synergy for SSP production.
Objects of the Issue
- 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
- To Meet Working Capital Requirements
- For General Corporate Purposes
IPO Details
Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.
| Fields | Details |
|---|---|
| IPO Dates | 26 Aug - 29 Aug 2024 |
| IPO Price Band | ₹ 94 - 99 per share |
| Fresh Issue | 68,04,000 shares |
| Offer For Sale | NIL |
| Total IPO Size | Approx ₹ 67.36 crore |
| Face Value | ₹ 10 |
| Listing On | NSE |
IPO Timeline
Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.
| Event | Date |
|---|---|
| IPO Opening Date | 26 Aug 2024 |
| IPO Closing Date | 29 Aug 2024 |
| Basis Of Allotment | 30 Aug 2024 |
| Refunds | 02 Sep 2024 |
| Demat Transfer | 02 Sep 2024 |
| IPO Listing Date | 03 Sep 2024 |
Financial Statements
Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.
| Period Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | 31st March 2024 |
|---|---|---|---|---|
| Total Income | 415.02 | 558.39 | 770.93 | 706.26 |
| Total Expenses | 408.20 | 536.65 | 748.54 | 687.25 |
| Net Profit/Loss | 5.09 | 16.17 | 16.60 | 13.47 |
| NPM (*) | 1.23 | 2.90 | 2.16 | 1.91 |
| Total Assets | 63.14 | 107.90 | 174.07 | 163.42 |
| Total Liabilities | 28.38 | 56.98 | 106.56 | 82.42 |
* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)
Valuation
Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.
| Period Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | 31st March 2024 |
|---|---|---|---|---|
| EPS | 2.80 | 8.89 | 9.13 | 7.41 |
| ROE (%) | 15.82 | 37.74 | 28.02 | 18.14 |
| ROCE (%) | 19.65 | 42.08 | 31.00 | 20.93 |
| D/E Ratio | 0.12 | 0.36 | 0.23 | 0.50 |
| Current Ratio | 2.18 | 1.66 | 1.43 | 1.49 |
| EBITDA MARGIN (%) | 2.09 | 4.24 | 3.22 | 3.27 |
* Compiled from DRHP/RHP for valuation purposes.
Peer Comparison
Compare key financial metrics with industry peers to gain valuable insights into the company's performance compared to its competitors.
| Name | Revenue | P/E | EPS | RoNW | NAV |
|---|---|---|---|---|---|
| Indian Phosphate Limited | 714.87 | 14.89 | 6.65 | 15.01 | 44.34 |
| Rama Phosphates Limited | 603.17 | Negative | -17.56 | -8.81 | 199.41 |
* Revenue in (₹cr), RoNW in (%), EPS, NAV in (₹). P/E ratio is based on the highest price from the IPO price band.
Subscription Data from NSE and BSE
| Investor Type | Subscribed |
|---|---|
| Qualified Institutional Buyer (QIB) | 181.58 |
| Non-Institutional Investor (NII/HNI) | 441.01 |
| Retail Individual Investor (RII) | 243.02 |
| Total | 267.89 |
* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.
IPO Registrar
Bigshare Services Private Limited
Phone: +91 22-62638200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Company Promoters
- MR. RAVINDRA SINGH
- MRS. MAMTA ARORA
- MR. RUSHIL ARORA
Lead Managers
- BEELINE CAPITAL ADVISORS PRIVATE LIMITED
Company Address
Indian Phosphate Limited
Plot 638, Sector-11, Udaipur City, Girwa, Rajasthan- 313001, India
Phone: 0294-2946959
Email: investor@indianphosphate.com
Website: www.indianphosphate.com
FAQs
- What is the issue size of the Indian Phosphate SME IPO?The Indian Phosphate SME IPO has an issue size of Approx ₹ 67.36 crore. This includes a fresh issue of 68,04,000 shares and an offer for sale (OFS) of NIL.
- What is the price band of the Indian Phosphate IPO?The price band for the Indian Phosphate IPO is ₹ 94 - 99 per share.
- What are the bidding dates for the Indian Phosphate IPO?The Indian Phosphate IPO will open for bidding on 26 Aug 2024 and close on 29 Aug 2024.
- What is the allotment date for the Indian Phosphate IPO?The allotment date for the Indian Phosphate IPO is 30 Aug 2024.
- What is the listing date for the Indian Phosphate IPO?The listing date for the Indian Phosphate IPO is 03 Sep 2024.
- What is the Indian Phosphate IPO grey market premium?The grey market premium (GMP) for the Indian Phosphate IPO is currently at ₹125, with an expected listing gain of approximately 126.26%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.