Indian Phosphate Limited IPO GMP

Indian Phosphate is mainly engaged in the production of Linear Alkylbenzene Sulphonic Acid LABSA 90%, popularly known as LABSA, is an anionic surfactant and it is used in the formulation of all types of detergent powders, cakes, toilet cleaners and liquid detergents. 

Indian Phosphate, an Book Built Issue amounting to ₹67.35 crores, consisting entirely a Fresh Issue of 68.04 Lakh Shares. The subscription period for the Indian Phosphate IPO opens on August 26, 2024, and closes on August 29, 2024. The allotment is expected to be finalized on or about Friday, August 30, 2024, and the shares will be listed on the NSE SME with a tentative listing date set on or about Tuesday, September 03, 2024.

The Share price band of Indian Phosphate IPO is set at ₹94 to ₹99 equity per share, with a minimum lot size of 1,200 shares. Retail investors are required to invest a minimum of ₹118,800, while the minimum investment for High-Net-Worth Individuals (HNIs) is 2 lots (2,400 shares), amounting to ₹237,600.

BEELINE CAPITAL ADVISORS PRIVATE LIMITED is the book-running lead manager, BIGSHARE SERVICES PRIVATE LIMITED is the registrar for the Issue. Spread X Securities Private Limited will act as the Market Maker for the Indian Phosphate IPO.

Indian Phosphate Limited IPO GMP Today
The Grey Market Premium of Indian Phosphate Limited IPO is expected in the range of ₹45 to ₹50 based on the financial performance of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.

Indian Phosphate Limited IPO Live Subscription Status Today
As of 03:02 PM on 28th August 2024, the Indian Phosphate Limited IPO live subscription status shows that the IPO subscribed 55.09 times on its third day of subscription period. Check the Indian Phosphate Limited IPO Live Subscription Status Today at NSE.

Indian Phosphate Limited IPO Allotment Status
Indian Phosphate IPO allotment date is 30 August, 2024, Friday. Indian Phosphate IPO Allotment will be out on 30th August 2024 and will be live on Registrar Website from the allotment date. Check Indian Phosphate Limited IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select Indian Phosphate Limited IPO from the dropdown list of IPOs.
- Enter your application number, PAN, or DP Client ID.
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.

Objectives of Indian Phosphate Limited IPO
Indian Phosphate Issue Proceeds from the Fresh Issue will be utilized towards the following objects : 
1. ₹3,318.16 Lakhs is required for Setting up a new manufacturing facility at SIPCOT Industrial Park Phase-I, Kudikadu Village, Cuddalore District ('C' District) Plot(s) - Plot No.C-17/A, TamilNadu for manufacturing of Sulphuric Acid, LABSA 90%, and Magnesium Sulphate 
2. ₹2,490.00 Lakhs is required to Meet Working Capital Requirements. 
3. For General Corporate Purposes

Refer to Indian Phosphate Limited RHP for more details about the Company.