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Indian Phosphate IPO Surges with 34.18x Subscription Rate on Day 2!

Indian Phosphate IPO attracted significant demand on Day 2, achieving a 34.18x subscription, reflecting strong investor confidence in the company's growth potential and positive market sentiment.
Indian Phosphate IPO Surges with 34.18x Subscription Rate on Day 2!

Indian Phosphate IPO saw robust demand on Day 2, with a 34.18x subscription. This strong response highlights substantial investor interest, signaling confidence in the company’s future and an overall positive market sentiment towards the offering.

Indian Phosphate IPO Subscription Status

Paramatrix Technologies IPO experienced a robust start on Day 1 of its IPO, with the issue being subscribed 10.80 times. This shows strong investor confidence and a positive market reception for the company’s initial public offering.

How to check Indian Phosphate IPO Subscription Status?

Steps to check Indian Phosphate Limited IPO subscription status on NSE

Following are the steps to check it through the NSE website

  • Visit NSE‘s official website.
  • Navigate to the ‘Market Data’ tab.
  • Choose ‘IPO’.
  • Select the ‘Indian Phosphate Limited IPO’ to check its subscription status.
  • Opt for either NSE Bid details or Consolidated Bid details.
  • Explore the total number of bids received from various investors. 

Indian Phosphate IPO Allotment Status

The allotment date for the Indian Phosphate Limited IPO is set for August 30, 2024, with shares priced at a range of ₹94 to ₹99 per share and a face value of ₹10. The offering consists of lots of 1200 shares, with bids accepted for these lots or their multiples.

Indian Phosphate Limited IPO Listing Date 

Indian Phosphate Limited IPO is expected to be listed on the NSE SME on September 3, 2024.

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