
Emerging SME Services · NSE
Indian Phosphate Limited, founded in 1998, is a leading producer of Linear Alkyl Benzene Sulfonic Acid (LABSA 90%), a key ingredient in cleaning products like washing powders, toilet cleaners, and liquid detergents. The company also manufactures Single Super Phosphate (SSP) and Granules Single Super Phosphate (GSSP), enriched with Zinc and Boron, following India’s Fertilizer Control Regulation. Its manufacturing facility in Girwa, Udaipur, Rajasthan, benefits from easy access to essential raw materials like sulphuric acid and rock phosphate, while linear alkyl benzene (LAB) is sourced from major suppliers such as IOCL, Nirma Ltd, and Reliance Industries Ltd. Operating across multiple states, including Punjab, Bihar, and Gujarat, Indian Phosphate Limited had 103 employees as of January 31, 2024.
Price Band
₹94 – ₹99
Issue Size
₹67.36 Cr
Lot Size
1200 shares
GMP
+126.3%
Est. Listing
₹224
at current GMP
Subscribed
281.80x
overall
Open
26 Aug 2024
Close
29 Aug 2024
Allotment
30 Aug 2024
Refund
31 Aug 2024
Demat Credit
1 Sep 2024
Listing
3 Sep 2024
Last updated: 19 Oct 2026
Current Premium
Issue Price (Upper)
₹99
Band: ₹94 – ₹99
Estimated Listing Price
₹224
Upper price + GMP
Lot Size
1200 shares
Min investment ₹1,18,800
Estimated Profit / Lot
₹1,50,000
1200 × ₹125
Grey Market Premium trend
+₹125
▲ 0 today
Updated less than a minute ago
| Date | GMP (₹) | GMP % | Est. Listing |
|---|---|---|---|
| 31 Oct 2026 | +₹125 | 126.3% | ₹224 |
| 30 Oct 2026 | +₹125 | 126.3% | ₹224 |
| 29 Oct 2026 | +₹113 | 113.6% | ₹212 |
GMP is unofficial market data. Not a guarantee of listing performance.
Indian Phosphate Limited is bringing an initial public offering (IPO) in the Emerging SME Services sector with an aggregate issue size of ₹67.36 Crores. The shares are offered at a price band of ₹94 to ₹99 per equity share on NSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 1200 shares (approx. ₹1,18,800 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Bigshare Services Pvt Ltd. Eligible allottees will receive credit of equity shares into their Demat accounts by 2024-09-01, while un-allotted funds or UPI block mandates will be released on 2024-08-31.
The latest grey market premium for Indian Phosphate Limited IPO is ₹125, which indicates an expected listing price of ₹224.
Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.
No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.