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-2024
29-Aug-2024
₹ 99.00
₹ 0.00
Minimum Application for shares in Nos : 1200.0
Further Multiples of : 1200.0
(₹)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
₹99.00
Projects
Setting up a new facility at SIPCOT Industrial Park Phase-I Village Kudikadu