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Agro Phos IPO is a book build issue of ₹12.94 crores. The issue is entirely a fresh issue of 0.59 crore shares of ₹12.94 crore.
Agro Phos IPO bidding started from Oct 27, 2016 and ended on Nov 7, 2016. The shares got listed on NSE SME on Nov 16, 2016.
Agro Phos IPO price band is set at ₹22.00 per share . The lot size for an application is 6,000. The minimum amount of investment required by an retail is ₹1,14,000 (6000 shares). The minimum lot size investment for HNI is 2 lots (12,000 shares), amounting to ₹2,64,000.
Indian Overseas Bank is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is BCB Brokerage Pvt.Ltd..
Refer to Agro Phos IPO RHP for detailed Information.
| IPO Date | October 27, 2016 to November 7, 2016 |
| Listing Date | November 16, 2016 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹19 to ₹22 per share |
| Issue Price Final | ₹22 per share |
| Lot Size | 6,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 58,80,000 shares (aggregating up to ₹12.94 Cr) |
| Reserved for Market Maker | 3,12,000 shares BCB Brokerage Pvt.Ltd. (aggregating up to ₹0.6864 Cr) |
| Net Offered to Public | 55,68,000 shares (aggregating up to ₹12.25 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,43,94,115 shares |
| Share Holding Post Issue | 2,02,74,115 shares |
Agro Phos India IPO offers total 58,80,000 shares. Out of which 27,84,000 (47.35%) allocated to NII, 27,84,000 (47.35%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 3,12,000 (5.31%) |
| NII (HNI) Shares Offered | 27,84,000 (47.35%) |
| Retail Shares Offered | 27,84,000 (47.35%) |
| Total Shares Offered | 58,80,000 (100.00%) |
Agro Phos IPO opens on October 27, 2016, and closes on November 7, 2016.
| IPO Open Date | Thu, Oct 27, 2016 |
| IPO Close Date | Mon, Nov 7, 2016 |
| Tentative Listing Date | Wed, Nov 16, 2016 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Nov 7, 2016 |
Investors can bid for a minimum of 6,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 6,000 | ₹1,32,000 |
| Retail (Max) | 1 | 6,000 | ₹1,32,000 |
| HNI (Min) | 2 | 12,000 | ₹2,64,000 |
Incorporated in 2002, Agro Phos India Ltd is engaged in the manufacturing of fertilisers such as Single Super Phosphate (SSP), Nitrogen Phosphate and Potassium (NPK), Zinc Sulphate, Organic manure and Calcium Sulphate commonly known as a soil conditioner or gypsum. Information in this paragraph is provided by chittorgarh.com, India's No. 1 IPO Investment Portal.
Company manufacturing facilities are located at Dewas and Meghnagar, Madhya Pradesh and are well equipped with required facilities including machinery, crane, conveyor belt, other handling equipment to facilitate the smooth manufacturing process and easy logistics.Visit chittorgarh.com for more detail.
The Company Agro Phos IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Repayment and/or pre-payment, in full or part, of borrowing availed by the Company | 4.00 |
| 2 | Working Capital Requirements | 5.79 |
| 3 | General Corporate Purposes | 2.15 |
[Dilip Davda] This justifiably priced IPO may be considered by cash surplus investors for long term rewards as there is a sudden spurt in paid up equity due to bonus issues and the IPO. Read detail review...
| Listing Date | November 16, 2016 |
| BSE Script Code | |
| NSE Symbol | AGROPHOS |
| ISIN | INE740V01019 |
| Final Issue Price | ₹22 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹22.00 |
| Open | ₹26.40 |
| Low | ₹22.10 |
| High | ₹26.40 |
| Last Trade | ₹22.85 |
Agro Phos India Ltd.
M-87
Trade Centre 18M,
South Tukoganj,
Indore, Madhya Pradesh, 452001
Phone: +91-0731-2529490
Email: investors@agrophos.com
Website: http://www.agrophos.com
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: Ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Agro Phos IPO is a SME IPO of 58,80,000 equity shares of the face value of ₹10 aggregating up to ₹12.94 Crores. The issue is priced at ₹22 per share. The minimum order quantity is 6000.
The IPO opens on October 27, 2016, and closes on November 7, 2016.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Agro Phos IPO using UPI as a payment gateway. Zerodha customers can apply in Agro Phos IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Agro Phos IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Agro Phos IPO opens on October 27, 2016 and closes on November 7, 2016.
Agro Phos IPO lot size is 6000, and the minimum amount required for application is ₹1,32,000.
You can apply in Agro Phos IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Agro Phos IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Agro Phos IPO allotment status.
The Agro Phos IPO listing date is on Wednesday, November 16, 2016.
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