Indian Phosphate IPO

Indian Phosphate's IPO includes 68,04,000 fresh shares worth ₹67.36 cr, aimed at setting up a new unit at SIPCOT, meeting working capital needs, and general purposes.

Important Details

Open Date : August 26, 2024 Close Date : August 28, 2024 Allotment Date: August 30, 2024 Listing Date: September 3, 2024

Important Details

IPO Price: INR 94-99 per share Lot Size: 1200 Shares Total Issue Size: INR 67.36 crores

Fundamental Analysis

Indian Phosphate IPO shows mixed performance: 1. Revenue and profits fluctuated, declined in 2024. 2. Equity and NAV grew steadily. 3. RoNW and inventory turnover dropped. 4. Debt-equity ratio rose, indicating more leverage.

Peer Comparison

Indian Phosphate: Revenue ₹70,417.94 lakhs, EPS ₹7.41, RoNW 16.63%. Rama Phosphates: NAV ₹199.41, EPS -₹17.56, RoNW -8.81%. Rama Phosphates faces financial challenges.

Objective

Indian Phosphate Ltd  aims to: 1. stablish new SIPCOT facility for LABSA (90%) & Sulphuric Acid production (₹33.18 cr). 2. Meet working capital needs & Support general corporate purposes.

Risks And Challenges

Indian Phosphate Ltd IPO Risks: 1. Indian Phosphate depends on one customer for 79% of revenue. 2. Litigation and negative cash flow could harm business and stability.