Indian Phosphate Ltd - IPO

Indian Phosphate Ltd IPO Details

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.

Objective of issue

Setting up a new facility at SIPCOT Industrial Park Phase-I Village Kudikadu. To meet working capital requirements. General corporate purposes.

Indian Phosphate Ltd Contact Details

Indian Phosphate Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - investor@indianphosphate.com

Website - www.indianphosphate.com