- POSITIVE
Annual Revenue Indian Phosphate Mar-2026 Annual Revenue is Rs 987 Cr which is growth of 23.3% YoY.
- POSITIVE
Annual Net Profit Indian Phosphate Mar-2026 Annual Net Profit is Rs 21 Cr which is growth of 132.9% YoY.
Indian Phosphate Ltd. was incorporated on December 14, 1998. The company produces Linear Alkylbenzene Sulphonic Acid, an anionic surfactant used in various detergent powders, cakes, toilet cleaners, and liquid detergents. It also manufactures Single Super Phosphate (SSP) fertilizer and Granules Single Super Phosphate (GSSP) fertilizer.
| Bidding Dates |
|---|
| 26 Aug 2024 - 29 Aug 2024 |
| Subscription |
|---|
| 260.23x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹112,800 | 1 | 1 | 1200 | 6.8 M | ₹94 - ₹99 | 72.77 % | ₹639.6 M - ₹673.6 M | RHP DOC |
Indian Phosphate Ltd. IPO SUBSCRIPTION STATUS
29 Aug '24Total260.23x
Retail Individual Investor355.33x
HNI (NII) Investors586.37x
Qualified Institutional Buyers95.82x
Indian Phosphate Ltd. IPO overall subscription rate was 260.23 times the total available shares
Indian Phosphate Ltd. IPO retail subscription rate was 355.33 times in the retail segment
Indian Phosphate Ltd. IPO non-institutional investor subscription rate was 586.37 times in the non-institutional investor category
Indian Phosphate Ltd. IPO Qualified Institutional Bidder subscription rate was 95.82 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
29 Aug 2024 (Day 4) | 355.33x | 586.37x | 95.82x |
28 Aug 2024 (Day 3) | 172.58x | 81.76x | 4.7x |
27 Aug 2024 (Day 2) | 79.85x | 35.15x | 1.92x |
26 Aug 2024 (Day 1) | 25.84x | 10.99x | 0.21x |
Indian Phosphate Ltd. FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| FY24 | 134.7 | 7041.8 | -19.1 | -118.4 | 3.3% |
| FY23 | 166.0 | 7686.9 | 170.7 | 83.7 | 3.2% |
| FY22 | 161.7 | 5571.5 | -60.5 | -103.0 | 4.2% |
Indian Phosphate Ltd. IPO SUBSCRIPTION STATUS DETAILS
Indian Phosphate Ltd. had 6.8 M shares on offer
Indian Phosphate Ltd. IPO offer price was in the range ₹94 - ₹99
Indian Phosphate Ltd. IPO minimum Investment was ₹112800
Indian Phosphate Ltd. IPO issue size was ₹ 639.6 M - ₹ 673.6 M
Indian Phosphate Ltd. had a minimum lot size of 1200 Shares per application
Indian Phosphate Ltd. NUMBER OF SHARES ON OFFER
Total6.8 M
Fresh Issue6.8 M
Offer for Sale0
Post Issue Promoter Holding %72.77 %
Indian Phosphate Ltd. IPO IMPORTANT DATES
| Issue Open Date | 26 Aug 2024 |
| Issue close Date | 29 Aug 2024 |
| Allotment Date | 30 Aug 2024 |
| Refund Date | 02 Sep 2024 |
| Demat Account Credit Date | 02 Sep 2024 |
| Listing Date | 03 Sep 2024 |
| Listing on Exchange(s) | NSE |
| Indian Phosphate Ltd. Allotment Status | Exchange |
Indian Phosphate Ltd. IPO subscription opened on 26 Aug 2024, and closed on 29 Aug 2024
IPO allotment for Indian Phosphate Ltd. was finalized on Friday, 30 Aug 2024
IPO listing for Indian Phosphate Ltd. was on NSE on Tuesday, 03 Sep 2024
Indian Phosphate Ltd. IPO LISTING GAINS
| Issue Price (adjusted) | 99.0 |
| Listing Open Price | 188.1 |
| Listing Close Price | 178.7 |
| Listing Gain% | 90.0% |
| Current Gain% | -28.8% |
Indian Phosphate Ltd. Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Indian Phosphate Ltd. | 70.4 | 176.1 | 7.5 | 0 | 0.2 | 12.5 | 7.4 | 1073.4 | 21.2 | 23.6 | 171.3 | 9.4 | 171.3 |
| Coromandel International Ltd. | 1905.2 | 56215 | 30.7 | -1.6 | 1.7 | 15.6 | 8 | 31827.4 | 30.2 | 1956.2 | -5.3 | 62.1 | -19 |
| The Fertilisers and Chemicals Travancore Ltd. | 763.2 | 49387.8 | -466.7 | 2.2 | 8.3 | -2.9 | -0.7 | 5900.1 | 38.3 | -39.6 | -196 | -1.6 | -212.4 |
| Chambal Fertilisers & Chemicals Ltd. | 417.6 | 16731.2 | 8.7 | 0.9 | 0.8 | 18.8 | 13.6 | 20920.5 | 24.1 | 1953.4 | 18.4 | 48.1 | 10.2 |
| Paradeep Phosphates Ltd. | 156.4 | 16242.5 | 15.1 | 0.5 | 0.7 | 14.7 | 5.6 | 21972.9 | 57.7 | 996.4 | 80.6 | 10.3 | 33.6 |
| Gujarat Narmada Valley Fertilizers & Chemicals Ltd. | 623.2 | 9158.1 | 8.8 | 0.1 | 1.1 | 8.9 | 7.1 | 8272 | -1.4 | 808.6 | 35.3 | 70.6 | 84.5 |
Revenue Mix
Annual
Balance Sheet
Ratios
Cash Flow
Indian Phosphate Ltd. annual results: revenue, profit, P&L, and margins as of Mar 2026 – 11 year history
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| Indicator | Graph | CAGR 3 Yrs | CAGR 5 Yrs | Mar '26 | Mar '25 | Mar '24 | Mar '23 | Mar '22 | Mar '21 | Mar '20 | Mar '19 | Mar '18 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
8.6% | 18.9% | 986.8 | 800.5 | 706.3 | 770.9 | 558.4 | 415 | 379.2 | 328.5 | 180.3 | ||
Operating Exp. Ann. | 8.5% | 18.5% | 949.5 | 782 | 681.2 | 743.9 | 533.5 | 405.9 | 373.8 | 322 | 174.4 | |
Operating Profit Ann. | 13.9% | 33.3% | 36.6 | 17.1 | 23 | 24.8 | 23.6 | 8.7 | 5.1 | 6.4 | 4.5 | |
OPM Ann. % | 4.9% | 12.2% | 3.71% | 2.14% | 3.26% | 3.21% | 4.23% | 2.09% | 1.35% | 1.95% | 2.48% | |
8.5% | 18.6% | 957.2 | 787.4 | 687.3 | 748.5 | 536.7 | 408.2 | 376.5 | 326.2 | 178.8 | ||
EBITDA Ann. | 11.4% | 32.3% | 37.3 | 18.5 | 25.1 | 27 | 24.9 | 9.2 | 5.5 | 6.5 | 5.9 | |
EBITDA Ann. margin % | 2.6% | 11.3% | 3.78% | 2.31% | 3.56% | 3.50% | 4.45% | 2.21% | 1.44% | 1.99% | 3.24% | |
Interest Ann. | 9.8% | 20.9% | 4.9 | 3.9 | 4.7 | 3.7 | 2.5 | 1.9 | 2.3 | 3.7 | 4 | |
Depr. | 40.9% | 41.1% | 2.8 | 1.5 | 1.4 | 1 | 0.6 | 0.5 | 0.5 | 0.5 | 0.5 | |
PBT Ann. | 9.7% | 34.2% | 29.6 | 13.1 | 19 | 22.4 | 21.7 | 6.8 | 2.7 | 2.3 | 1.4 | |
Tax Ann. | 12.7% | 37.3% | 8.3 | 3.9 | 5.5 | 5.8 | 5.6 | 1.7 | 0.7 | 0.8 | 0.4 | |
8.8% | 33.2% | 21.4 | 9.2 | 13.5 | 16.6 | 16.2 | 5.1 | 2 | 1.6 | 1.1 | ||
Net Profit Ann. | 8.8% | 33.2% | 21.4 | 9.2 | 13.5 | 16.6 | 16.2 | 5.1 | 2 | 1.6 | 1.1 | |
NPM Ann. % | 0.2% | 12.1% | 2.16% | 1.14% | 1.91% | 2.15% | 2.90% | 1.22% | 0.51% | 0.48% | 0.58% | |
EPS Adj. latest Ann. | 9.2% | 33.9% | 8.6 | 3.7 | 5.4 | 6.6 | 6.5 | 2 | 0.8 | 0.6 | 0.4 |
*All financials are in INR Cr and price data in INR
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Total Rev. Ann.
1Y CHG
23.3%
2Y CAGR
18.2%
3Y CAGR
8.6%
5Y CAGR
18.9%
7Y CAGR
17%
Total Revenue Annual growth is higher than historical averages.
Net Profit Ann.
1Y CHG
132.6%
2Y CAGR
25.9%
3Y CAGR
8.8%
5Y CAGR
33.2%
7Y CAGR
44.8%
Net Profit Annual growth is higher than historical averages.
Operating Exp. Ann.
1Y CHG
21.4%
2Y CAGR
18.1%
3Y CAGR
8.5%
5Y CAGR
18.5%
7Y CAGR
16.7%
Operating Expenses Annual Cr growth is higher than historical averages.
Indian Phosphate Ltd. INFORMATION ON IPO ISSUE
About Indian Phosphate Ltd.
Indian Phosphate Ltd. was incorporated on December 14, 1998. The company produces Linear Alkylbenzene Sulphonic Acid, an anionic surfactant used in various detergent powders, cakes, toilet cleaners, and liquid detergents. It also manufactures Single Super Phosphate (SSP) fertilizer and Granules Single Super Phosphate (GSSP) fertilizer.
Object of the Issue
- For setting up a new manufacturing facility at SIPCOT Industrial Park, Tamil Nadu for manufacturing of sulphuric acid, LABSA 90%, and magnesium sulphate
- To meet working capital requirements
- General corporate purposes
Indian Phosphate Ltd. - PROMOTERS
| Name |
|---|
| Ravindra Singh |
| Mamta Arora |
| Rushil Arora |
Indian Phosphate Ltd. Lead Manager of the Issue
Beeline Capital Advisors Private Limited
mb@beelinemb.com
Indian Phosphate Ltd. Registrar to the issue
Bigshare Services Private Limited
ipo@bigshareonline.com
Indian Phosphate Ltd. Strengths
Cost Effective sourcing
The company's cost-efficient manufacturing and supply chain management significantly reduce operational costs. It optimizes cost-effective sourcing and maximizes sales revenue through a large customer base.
Strength
Strategic Location of Manufacturing Unit
The location of its manufacturing facilities provides a significant competitive cost advantage by lowering raw material sourcing, manufacturing, and labor costs. It also allows the company to efficiently serve the North, Northwest, and Central Indian markets.
Strength
Indian Phosphate Ltd. Risks
Dependent on few customers
The company relies on a small number of customers for sales, with its top ten customers contributing 93.5% of revenue in FY24. Losing any of these major customers could impact its revenues and profitability.
Risk
Dependent on agriculture sector
The company's fertilizer business is closely linked to the agricultural sector, where its products are used. Any changes affecting the performance of the agricultural sector are likely to impact its business and financial condition.
Risk
IPO FAQs
The promoters of the company are Ravindra Singh, Mamta Arora and Rushil Arora.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 94.0 - 99.0.
The IPO application opens on Aug 26, 2024 and closes on Aug 29, 2024.
The minimum lot size for the IPO is 1200. The maximum lot size for the IPO is 1200.
For all category investors, the minimum application amount for this IPO is Rs. 112,800.0, the maximum value for this IPO is Rs 118,800.0.
This IPO will be allotted on Aug 30, 2024.
The refund will be credited to your account on Sep 02, 2024.
The allotted shares will be credited to your demat on Sep 02, 2024.
Indian Phosphate Ltd.’s shares listed on the stock exchanges on Sep 03, 2024.