As of August 23, 2024, Indian Phosphate Limited IPO has a ₹50 as Grey Market Premium, with a price range from ₹94 to ₹99 per share. Offering lots of 1200 shares, the subscription window is open from August 26 to August 29, 2024.
Indian Phosphate Limited IPO GMP Today
The Grey Market Premium (GMP) for Indian Phosphate Limited is ₹50 as of August 23, 2024. This assessment coincides with a price from ₹94 to ₹99 per share for the IPO.
Indian Phosphate Limited IPO Review
Indian Phosphate Limited Ltd has shown notable financial growth, with net worth increasing from ₹6,751.8 lakhs in March 2023 to ₹8,099.06 lakhs by March 2024. This growth is supported by substantial increases in profitability and EPS, showcasing strong investor confidence.
The company’s financial health is robust, as evidenced by growing assets and a reduced debt-equity ratio. Equity and liabilities have consistently increased, reflecting expansion potential, while an improvement in ROCE to 16.63% highlights enhanced shareholder value generation.
To get a full IPO review, click here Indian Phosphate Limited IPO
Indian Phosphate Limited IPO Date
Indian Phosphate Limited will start accepting subscriptions from August 26 to August 29, 2024.
Indian Phosphate Limited IPO Price
Indian Phosphate Limited’s price range is from ₹94 to ₹99 per share with a face value of ₹10 each.
Indian Phosphate Limited
The company primarily produces Linear Alkylbenzene Sulphonic Acid (LABSA 90%), used in detergents and cleaners. It operates across several Indian states and generates most of its revenue from LABSA 90% and Single Super Phosphate (SSP). In FY 2023-24, the company acquired 26% of Udaipur Poly Sacks Limited, making it a subsidiary.
How To Apply For Indian Phosphate Limited IPO?
To apply for the Indian Phosphate Limited IPO through Alice Blue, follow these steps:
1. Open a Demat and Trading Account with Alice Blue if you don’t have one.
2. Access IPO details for Indian Phosphate Limited on the Alice Blue platform.
3. Place your bid for the desired number of shares within the IPO’s price range.
4. Confirm your information and submit your application quickly.
You can apply for the Indian Phosphate Limited IPO at Alice Blue in just a few clicks!