Indian Phosphate IPO Allotment Status

Summary

Indian Phosphate IPO has garnered an overwhelming response from investors, closing with an extraordinary subscription of 266.05 times by 29th August 2024 (Day 4). The public issue witnessed substantial demand across all investor categories. The Non-Institutional Investors (NII) category led the charge with a remarkable subscription of 440.48 times, reflecting significant interest from high net-worth individuals and institutions.

The Retail Investors category also showed exceptional enthusiasm, with the IPO being subscribed 239.55 times. Qualified Institutional Buyers (QIB) demonstrated strong confidence in the company's prospects, subscribing 181.58 times. This phenomenal response across all categories underscores the robust market sentiment towards Indian Phosphate Limited and indicates high expectations for the company's future performance.

How to Check Indian Phosphate IPO Allotment Status:

How do you Check Indian Phosphate IPO Allotment Status on the Registrar's Site?

Step 1: Visit the web gateway of Bigshare Services Pvt Ltd. (https://www.bigshareonline.com/ipo_Allotment.html)

Step 2: From the selection menu, choose IPO/FPO (the name will show only after the allotment is finalised).

Step 3: Pick a mode from the following three: PAN ID, Demat Account number, or Application number

Step 4: Choose "Application Type," then "ASBA" or "non-ASBA."

Step 5: Enter the information relevant to the mode you have chosen.

Step 6: For security reasons, please fill out the captcha accurately.

Step 7: Click "Submit."

How to Check Indian Phosphate IPO Allotment Status on BSE?

On the website of the Bombay Stock Exchange (BSE), investors who placed a bid for the Indian Phosphate IPO can monitor the allotment status:

Step 1: Click on this link: https://www.bseindia.com/investors/appli_check.aspx

Step 2: Click on "Issue Type" and choose "Equity."

Step 3: Choose "Indian Phosphate Limited" from the dropdown menu under "Issue Name."

Step 4: Enter your application number.

Step 5: Give the PAN ID.

Step 6: Select 'I am not a robot' and press the search button.

How to Check IPO Allotment Status in a Bank Account?

Log into your Internet Banking: Go to your bank's website or mobile app and log in.

Explore IPO Section: Locate the "IPO Services" or "Application Status" sections by going to the IPO Section. You can find this under the investing or services tab.

Offer Required Information: You might be asked to provide information like your PAN, application number, or other identifiers.

Verify Allotment Status: An IPO allotment status that indicates the available shares for allocation should show up once you submit your information.

Verify Status: To ensure accuracy, you can verify the status with the IPO Registrar or use other resources.

How to Check IPO Allotment Status in a Demat Account?

Open Your Demat Account and Log in: To access your Demat account, use the mobile app or website of your Depository Participant (DP).

Find IPO Section: Look for the section titled "IPO" or "Portfolio." Search for any services or entries connected to the IPO.

Verify IPO Allotment Status: Look through the IPO section to see if the shares you were given are visible in your Demat account. This section often displays the status of your IPO application.

Verify with Registrar: If the IPO shares are inaccessible, visit the Registrar's website and enter your application data to verify allocation.

Contact DP service if Needed: If there are any discrepancies or problems, contact your DP's customer service.

Indian Phosphate IPO Timeline:

Indian Phosphate IPO Subscription Status

The Indian Phosphate IPO received 266.05 subscriptions. By 29th August 2024 (Day 4), the public issue had been subscribed 239.55 times in the retail category, 181.58 times in the QIB category, and 440.48 times in the NII category.

Subscription Day 4 (as of 5:37:58 PM)
Total Subscription: 266.05 times.
QIBs: 181.58 times.
Non-institutional investors: 440.48 times.
Retail investors: 239.55 times.

Subscription Day 3
Total Subscription: 82.07 times.
QIBs: 8.90 times.
Non-institutional investors: 61.84 times.
Retail investors: 132.55 times.

Subscription Day 2
Total Subscription: 37.75 times.
QIBs: 3.63 times.
Non-institutional investors: 26.50 times.
Retail investors: 62.06 times.

Subscription Day 1
Total Subscription: 12.10 times.
QIBs: 0.39 times.
Non-institutional investors: 8.50 times.
Retail investors: 20.33 times.

Indian Phosphate IPO Details

Indian Phosphate's initial public offering (IPO) is a book-built issue amounting to ₹67.36 crores. This offering consists of a fresh issue of 68,04,000 shares.

The bidding process for the Indian Phosphate IPO commenced on 26th August 2024 and concluded on 29th August 2024. The allotment results for this IPO are anticipated to be finalised on 30th August 2024. Furthermore, the shares of Indian Phosphate are set to be listed on the NSE SME, with a provisional listing date scheduled for 3rd September 2024.

The price range for the Indian Phosphate IPO has been established between ₹94 and ₹99 per share. Investors must apply for a minimum lot size of 1200 shares, which requires a minimum investment of ₹118,800 for retail investors. For non-institutional investors (NII), the minimum investment consists of 2 lots (2,400 shares), totalling ₹237,600.
Beeline Capital Advisors Pvt Ltd serves as the book-running lead manager for the Indian Phosphate IPO. Bigshare Services Pvt Ltd is designated as the registrar for this offering.

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