Business Standard

Indian Phosphate Ltd - IPO

Issue Type

Book Building - SME

Issue Size (₹ Cr.)

67.36 cr

Price Range (₹)

99

Lot Size

1200

Min Investment (₹)

1,18,800.00

Listing Exchange

NSE - SME

Open Date

26-Aug-2024

Close Date

29-Aug-2024

Listing Date

03-Sept-2024

Indian Phosphate Ltd News

    The Shares of Indian Phosphate Ltd have now been listed.

    Indian Phosphate Ltd IPO Details

    Initial public issue of 6804000 equity shares of face value of Rs. 10/- each of Indian Phosphate Limited (IPL or the Company or the Issuer) for cash at a price of Rs. 99/- per equity share including a share premium of Rs. 89/- per equity share (the Issue Price) aggregating to Rs. 67.36 crores (The Issue), of which 373200 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 99/- per equity share including a share premium of Rs. 89/- per equity share aggregating to Rs. 3.69 crores will be reserved for subscription by market maker to the issue (the Market Maker Reservation Portion). The issue less the market maker reservation portion i.e. net issue of 6430800 equity shares of face value of Rs. 10/- each at a price of Rs. 99/- per equity share including a share premium of Rs. 89/- per equity share aggregating to Rs. 63.66 crores is herein after referred to as the Net Issue. The issue and the net issue constituted 27.23% and 25.73%, respectively, of the post issue paid up equity share capital of the company.

    Objective of issue

    Setting up a new facility at SIPCOT Industrial Park Phase-I Village Kudikadu. To meet working capital requirements. General corporate purposes.

    Indian Phosphate Ltd Contact Details

    Indian Phosphate Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

    Phone - 91-22-62638200

    Fax - 91-22-63638299

    Email - investor@indianphosphate.com

    Website - www.indianphosphate.com