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Indian Phosphate Ltd IPO Synopsis

An Initial Public Offering is an opportunity for investors to take part in the growth of a company. It is always better to be in the first batch of investors. The shares offered by the company get listed on the stock exchanges and can be bought and sold by investors.

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Indian Phosphate Ltd IPO

Registered Office: Plot 638,Sector 11 , Udaipur - 313003 , Rajasthan , India.
Phone : 0294-2946 959   Fax:
Email :  investor@indianphosphate.com  
Website :  www.indianphosphate.com
Initial public issue of 6804000 equity shares of face value of (Rs)10/- each of Indian Phosphate Limited ("IPL" or the "Company" or the "Issuer") for cash at a price of (Rs)99/- per equity share including a share premium of (Rs)89/- per equity share (the "Issue Price") aggregating to (Rs)67.36 crores ("The Issue"), of which 373200 equity shares of face value of (Rs)10/- each for cash at a price of (Rs)99/- per equity share including a share premium of (Rs)89/- per equity share aggregating to (Rs)3.69 crores will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. net issue of 6430800 equity shares of face value of (Rs)10/- each at a price of (Rs)99/- per equity share including a share premium of (Rs)89/- per equity share aggregating to (Rs)63.66 crores is herein after referred to as the "Net Issue". The issue and the net issue constituted 27.23% and 25.73%, respectively, of the post issue paid up equity share capital of the company.

Issue Money Payable On
Opens On Closes On Application Allotment
26-Aug-24 29-Aug-24 (Rs)99.00-0.00 (Rs)0.00-0.00
Minimum Application for shares in Nos :1200  Further Multiples of :1200

  (Rs Cr) Lead Managers to the Issue
Project Cost 58.86
Beeline Capital Advisors Pvt Ltd
Project Financed through Current Offer 67.36  
Post Issue Equity Share Capital 24.99  
Issue Price (Rs)99.00  
 
Projects
Setting up a new facility at SIPCOT Industrial Park Phase-I Village KudikaduGeneral corporate purposes
To meet working capital requirements
Promoted By
Ravindra Singh  
Mamta Arora  
Rushil Arora  
Listing At
NSE - SME 
Registrar to the Issue
Bigshare Services Pvt Ltd