Indian Phosphate IPO Subscription Status

Indian Phosphate IPO - Day 4 Subscription at 266.99 times

Indian Phosphate IPO closed on 29th August 2024. Shares of Indian Phosphate will likely be listed on 3rd September on the NSE SME platform. As of 29th August 2024, Indian Phosphate IPO received bids for 1,20,21,06,000 shares, much more than the 45,02,400 shares offered. This means the Indian Phosphate IPO was oversubscribed 266.99 times by the end of day 4.

Here are the subscription details for the Indian Phosphate IPO as of Day 4 (29th August 2024 at 5:57:58 PM):

Indian Phosphate IPO subscription was mainly driven by HNI / NII investors on day 4, followed by retail investors. Overall subscription figures do not include the anchor investor and market-making segments of the IPO.

QIBs are large institutional investors, such as mutual funds and insurance companies, while HNIs/NIIs are wealthy individual investors and smaller institutions.
 

Subscription Status of Indian Phosphate IPO for Days 1, 2, 3, and 4:

On day 1, the Indian Phosphate IPO was subscribed 12.10 times. By day 2, the subscription status had risen to 37.75 times; on day 3, it reached 82.07 times. On the final day, it closed at 266.99 times.

Here are the subscription details for Indian Phosphate IPO by category as of Day 4:

Indian Phosphate's IPO received an overwhelming response from different investor categories. The Anchor Investor and Market Maker portions were fully subscribed at 1 time each. Qualified Institutions subscribed 181.58 times, Non-Institutional Investors (NIIs) subscribed 440.69 times, and Retail Investors subscribed 241.35 times. Overall, the Indian Phosphate IPO was subscribed 266.99 times on Day 4.
 

Indian Phosphate IPO - Day 3 Subscription at 82.07 times

Indian Phosphate IPO will close on 29th August 2024. Shares of Indian Phosphate will likely be listed on 3rd September on NSE SME platform. As of 28th August 2024, Indian Phosphate IPO received bids for 37,18,86,400 shares, much more than the 45,02,400 shares offered. This means the Indian Phosphate IPO was oversubscribed 82.07 times by the end of day 3.

Here are the subscription details for the Indian Phosphate IPO as of Day 3:

On day 3, the Indian Phosphate IPO subscription was mainly driven by retail investors, followed by HNI / NII investors. QIBs and HNIs/NIIs generally increased their subscriptions in the final hours of the last day. Overall subscription figures do not include the anchor investor portion of the IPO.

QIBs are large institutional investors, such as mutual funds and insurance companies, while HNIs/NIIs are wealthy individual investors and smaller institutions.

Here are the subscription details for Indian Phosphate IPO by category as of Day 3:

Indian Phosphate's IPO received a varied response from different investor categories. The Anchor Investor and Market Maker portions were fully subscribed at 1 time each. Qualified Institutions subscribed 8.90 times, Non-Institutional Investors (NIIs) subscribed 61.84 times, while Retail Investors subscribed 132.55 times. Overall, the Indian Phosphate IPO was subscribed 82.07 times on Day 3.

Indian Phosphate IPO - Day 2 Subscription at 37.75 Times

Indian Phosphate IPO will close on 29th August 2024. Shares of Indian Phosphate will likely be listed on 3rd September on NSE SME platform. As of 27th August 2024, Indian Phosphate IPO received bids for 16,99,65,600 shares much more than the 45,02,400 shares offered. It means Indian Phosphate IPO was oversubscribed 37.75 times by the end of day 2.

Here are the subscription details for the Indian Phosphate IPO as of Day 2 (27th August 2024 at 5:00 pm):

Indian Phosphate IPO subscription was mainly driven by retail investors on day 2, followed by HNI / NII investors. QIBs and HNIs/NIIs generally increase their subscriptions in the final hours of the last day. Overall subscription figures do not include the anchor investor portion of the IPO.

QIBs are large institutional investors, such as mutual funds and insurance companies, while HNIs/NIIs are wealthy individual investors and smaller institutions.

Here are the subscription details for Indian Phosphate IPO by category as of Day 2:

On day 1, the Indian Phosphate IPO was subscribed 12.10 times. By day 2, the subscription status had risen to 37.75 times. Qualified Institutions portion subscribed 3.63 times, Non-Institutional Investors (NIIs) subscribed 26.50 times, while Retail Investors subscribed 62.06 times. Overall, Indian Phosphate IPO was subscribed 37.75 times on Day 2.
Indian Phosphate IPO - Day 1 Subscription at 12.10 Times

Indian Phosphate IPO will close on 29th August 2024. Shares of Indian Phosphate IPO are likely to be listed on 3rd September 2024. Shares of Indian Phosphate IPO will make a trading debut on the NSE SME platform. On 26th August 2024, the Indian Phosphate IPO received bids for 5,44,79,040 shares, much more than the 45,02,400 shares available. This means that Indian Phosphate IPO was subscribed 12.10 times by the end of Day 1.

Here are the subscription details for the Indian Phosphate IPO as of Day 1 (26th August 2024 at 5:00 pm):

Indian Phosphate IPO subscription was mainly driven by retail investors, followed by Non-Institutional Investors (NIIs). The overall subscription numbers exclude the anchor investor portion of the IPO.

Here are the subscription details for Indian Phosphate IPO by category as of Day 1:

On day 1, Indian Phosphate IPO was subscribed 12.10 times. The Qualified Institutions portion subscribed at 0.39 times, Non-Institutional Investors (NIIs) subscribed at 8.50 times, and Retail Investors subscribed at 20.33 times. Overall, the IPO was subscribed 12.10 times.

About Indian Phosphate Limited

Incorporated in 1998, Indian Phosphate Limited is a Udaipur-based company that manufactures and supplies fertilizers and surfactants. The company primarily caters to the agriculture and FMCG industries.

The company offers both Single Super Phosphate (SSP) and Granules Single Super Phosphate (GSSP) fertilizers, as well as linear Alkylbenzene Sulfonic Acid (LABSA 90%). These products serve various sectors, including agriculture, detergents, and cleaning products. This includes manufacturing, quality control, packaging, and distribution of fertilizers and surfactants to meet the needs of farmers and industrial clients.

The company caters to industries such as Agriculture, Detergents, Cleaning Products, Personal Care, and Industrial Applications. As of March 2024, the company has 105 employees on its payroll.

Highlights of the Indian Phosphate IPO

• IPO type: Book Built Issue
• IPO size: ₹67.36 crores
• Fresh issue: 68,04,000 shares
• Face value: ₹10 per share
• Price band: ₹94 to ₹99 per share
• Lot size: 1200 shares
• Minimum investment for retail investors: ₹118,800
• The minimum investment for HNI: 2 lots (2,400 shares), ₹237,600
• Listing at: NSE SME
• IPO opens: 26th August 2024
• IPO closes: 29th August 2024
• Allotment date: 30th August 2024
• Listing date: 3rd September 2024
• Registrar: Bigshare Services Pvt Ltd