31 Mar 2021
Assets63.14
Total Income415.02
Profit After Tax5.09
NET Worth34.76
Reserves and Surplus32.04
Total Borrowing4.34
At a glance
Updated 2026-09-13The shares listed at ₹188.10, a 90.00% move from the issue price. Indian Phosphate is a SME IPO with an issue size of ₹67.36 crore, proposed for listing on NSE SME. The offer opens on 26th Aug 2024 and closes on 29th Aug 2024. The issue structure includes a fresh issue of ₹63.66 crore. The current listing schedule points to 3rd Sep 2024.
Issue details
Listing atNSE SME
Issue typeBook Build Issue
Issue size₹67.36 Cr
Fresh issue₹63.66 Cr
Face value₹10
Price band₹94.00–₹99.00
Allotment30th Aug 2024
Listing3rd Sep 2024
Listing performance
Full performance ↗Issue price₹99.00
Listing price₹188.10
Current price—
Listing gain90.00%
Current return—
Price progressionIssue → Listing → Current
Grey market
GMP page ↗Latest GMP₹125.00
GMP / upper price126.26%
Est. listing₹224.00
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens26th Aug 2024
Closes29th Aug 2024
Allotment30th Aug 2024
Refund2nd Sep 2024
Demat2nd Sep 2024
Listing3rd Sep 2024
Subscription demand
Full bidding ↗Total267.89×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Minimum Bid | 1 | 1200 | ₹118,800 |
Company
Use of proceeds
| Object | Amount |
|---|---|
| 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 Cr |
| To Meet Working Capital Requirements. | ₹24.90 Cr |
| For General Corporate Purposes | ₹0.78 Cr |
Financial performance
Year-wise operating scale, profitability and balance-sheet context.Revenue717.58₹ Cr · -6.9% vs prior year
PAT12.10₹ Cr · -27.1% vs prior year
Assets255.19₹ Cr · +46.6% vs prior year
Net Worth80.99₹ Cr · +19.9% vs prior year
Borrowing40.23₹ Cr · +162.1% vs prior year
3-year financial trendRevenue / EBITDA / PAT
₹ crore31 Mar 2022
Assets107.90
Total Income558.39
Profit After Tax16.17
NET Worth50.92
Reserves and Surplus48.21
Total Borrowing18.31
31 Mar 2023
Assets174.07
Total Income770.93
Profit After Tax16.60
NET Worth67.52
Reserves and Surplus64.80
Total Borrowing15.35
31 Mar 2024
Assets255.19
Total Income717.58
Profit After Tax12.10
NET Worth80.99
Reserves and Surplus62.81
Total Borrowing40.23
KPIs
| 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 |
Valuation & shareholding
Pre-IPO EPS6.65
Post-IPO EPS4.84
Pre-IPO P/E14.88
Post-IPO P/E20.44
Promoter holding pre100%
Promoter holding post72.77%
Market cap₹247.40 Cr.
Peer comparison
| Company | EPS | P/E | RoNW | NAV |
|---|---|---|---|---|
| Indian Phosphate IPO | — | 20.44 x | — | — |
| Shanti Inorganic IPO | — | 16.63 x | — | — |
| Devson Catalyst IPO | — | 12.81 x | — | — |
| Biopol Chemicals IPO | — | 14.58 x | — | — |
Issue expenses
| Expense | Amount |
|---|---|
| Book Running Lead Manger Fees | ₹0.25 Cr |
| Fees Payable to Registrar to the Issue | ₹0.01 Cr |
| Fees Payable to Legal Advisors | ₹0.03 Cr |
| Fees Payable Advertising, Marketing Expenses and Printing Expenses | ₹0.15 Cr |
| Fees Payable to Regulators including Stock Exchanges and other Intermediaries | ₹0.05 Cr |
| Fees payable to Peer Review Auditor | ₹0.02 Cr |
| Fees Payable to Market Maker (for One Year) | ₹0.04 Cr |
| Others (Fees payable for marketing & distributing expenses, selling commission, brokerage, processing fees, underwriting fees and miscellaneous expenses.) | ₹7.94 Cr |
| Escrow Bank Fees | ₹0.01 Cr |
Registrar & lead managers
Registrar
Bigshare Services Pvt.Ltd.Lead managers
- Beeline Capital Advisors Pvt.Ltd.
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-09-13.
IPO UPDATE ALERTS
Register for IPO Updates →Track Indian Phosphate without missing an update
Register for subscription, GMP, allotment and listing notifications.