Krishana Phoschem IPO

Krishana Phoschem IPO

Krishana Phoschem IPO

 

Krishana Phoschem LogoKrishana Phoschem is primarily engaged in manufacturing of fertilizers, intermediate dyes and other allied chemical products in the state of Madhya Pradesh. The company is a manufacturer of Benefited Rock Phosphate (BRP), Single Super Phosphate (SSP), Granulated Single Super Phosphate (GSSP), H-Acid, intermediate dyes and other allied chemicals. Its products Single Super Phosphate (SSP) and Granulated Single Super Phosphate (GSSP) are used in replenishing “P” (Phosohorous) in the soil and act as a fertilizer for crop. Initially, the company was engaged in manufacturing of BRP and further expanded to forward integration in manufacturing of SSP and GSSP and expanding for Diversification in intermediate dyes and other allied chemicals.

Krishana Phoschem manufactures specialized chemicals used for dying cloth such as H acid, E K acid, Vinyl sulphone, PNCBOSA, 4 sulphoantranilic acid, Violet acid, Sulpho Tobias acid. The chemicals produce by it are used as Dye intermediate specifically for textiles Industry.

Krishana Phoschem’s manufacturing facilities are located near the Jhabua, Meghnagar District (Madhya Pradesh) and are distributed in two units:

- Unit - I located at 115-120 & 126-133, A.K.V.N. Industrial Area, Meghnagar, Jhabua, Madhya Pradesh installed with production capacity of 200000 MT of Beneficiated Rock Phosphate (BRP), 120000 MT of Single Super Phosphate (SSP) and 90000 MT of Granulated Single Super Phosphate (GSSP).

- Unit - II located at 142 & 143, AKVN Industrial Area, Meghnagar, Jhabua, Madhya Pradesh with installed capacity of acids and other chemicals such as E K Acid, H Acid, H-ACID (By Production from E K Acid), PNCBOSA, Sulpho Anthranilic Acid, Sulpho tobias Acid (STA), Vinyl Sulphone and Voilet Acid.

In addition to above, the company is in process for installation of Unit - III located at 126 A & 134, AKVN Industrial Area, Meghnagar, Jhabua, Madhya Pradesh for manufacturing of sulphuric acid, Chloro sulphonic Acid, Liquid SO3 and other allied chemicals. Sulphuric acid is a highly corrosive strong mineral acidulfuric acid has a wide range of applications including in domestic acidic drain cleaners, as an electrolyte in lead-acid batteries and in various cleaning agents. It is also a central substance in the chemical industry.

Promoters of Krishana Phoschem – Praveen Ostwal, Ostwal Phoschem (India) Limited and Seasons Agro Chem India Private Limited

Krishana Phoschem IPO details

Subscription Dates13 - 16 February 2017
IPO Price INR30 per share
Fresh issue Nil
Offer for sale 6,576,000 shares (INR19.72 crore)
Total IPO size6,576,000 shares (INR19.72 crore)
Minimum bid (lot size)4,000 shares
Face Value INR10 per share
Retail Allocation50%
Listing OnNSE Emerge (SME platform)

 

Krishana Phoschem’s financial performance (in INR crore)

FY2012FY2013FY2014FY2015FY2016
Total revenue

26.9

41.990.877.3

90.6

Total expenses

21.8

34.383.372.1

85.6

Profit after tax

3.46.45.02.9

3.2

 

Krishana Phoschem Subscription Details

Day

Subscription (no. of times)

Day 1

 1.08

Day 2

3.84

Day 3 10.78
Day 4 31.31

Krishana Phoschem Contact Details

Krishana Phoschem Limited
5-O-20 Basement R.C Vyas Colony
Bhilwara 311 001

Phone: +91 1482 237 104
Email: [email protected]
Website: www.krishnaphoschem.com

Registrar of Krishana Phoschem IPO

Link Intime India Private Limited
C-13 Pannalal Silk Mills Compound,
LBS Marg, Bhandup West, Mumbai – 400 078
Maharashtra, India

Phone: +91 22 6171 5400
Fax: +91 22 2596 0329
Email: [email protected]
Website: http://www.linkintime.co.in

Krishana Phoschem IPO Allotment Status

Krishana Phoschem IPO allotment status is now available on Link Intime’s website. Click on this link to get allotment status.

You can also check your IPO allotment status from your mobile at
http://linkintime.co.in/ipo

LISTING PERFORMANCE OF Krishana Phoschem IPO

IPO Opening Date: 13 February 2017

IPO Closing Date:  16 February 2017

Listing Date: 27 February 2017

Listing Price on NSE SME: INR36 per share (return of 20% on IPO price)

Closing Price on NSE SME: INR36 per share (return of 20% on IPO price)

17 COMMENTS

  1. Listing on 27 Feb. Good that these details are updated on IPO Central. I applied for one lot and got one. Now lets see how much money I make. Jai Sri Krishana 🙂

    • Not so soon, look at Steel City. It was considered good IPO by many and the price is down. SME IPO are good but there are more rotten apples in these companies. You may not like it but that’s the truth.

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