Indian Phosphate IPO Starts Well with 10.80x Subscription Rate on Day 1!Indian Phosphate IPO Starts Well with 10.80x Subscription Rate on Day 1!

Indian Phosphate IPO witnessed strong demand on Day 1, with the issue being subscribed 10.80 times. This enthusiastic response reflects significant investor interest, indicating confidence in the company’s prospects and the overall positive market sentiment toward this 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.