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 Dates 13 - 16 February 2017
IPO Price  INR30 per share
Fresh issue Nil
Offer for sale 6,576,000 shares (INR19.72 crore)
Total IPO size 6,576,000 shares (INR19.72 crore)
Minimum bid (lot size) 4,000 shares
Face Value  INR10 per share
Retail Allocation 50%
Listing On NSE Emerge (SME platform)


Krishana Phoschem’s financial performance (in INR crore)

FY2012 FY2013 FY2014 FY2015 FY2016
Total revenue


41.9 90.8 77.3


Total expenses


34.3 83.3 72.1


Profit after tax

3.4 6.4 5.0 2.9




Subscription (no. of times)

Day 1


Day 2


Day 3  10.78
Day 4  31.31

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

Phone: +91 1482 237 104
Email: [email protected]

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]

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

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)

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17 thoughts on “Krishana Phoschem IPO

  • February 24, 2017 at 12:12 PM

    Listing prise kitna upper aayega rate

  • February 23, 2017 at 10:22 PM

    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 🙂

    • February 24, 2017 at 10:00 AM

      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.

  • February 21, 2017 at 11:46 AM

    Allotment kab aayega??

    • February 22, 2017 at 8:58 PM

      aa gaya, chk link in time

  • February 19, 2017 at 10:57 PM

    Allotment date ??? Please tell me

  • February 16, 2017 at 10:25 PM

    what would be the status on the listing date?
    upper circuit ?

  • February 16, 2017 at 2:24 PM

    subscribed 22 times so far, allotment wil be difficult

  • February 15, 2017 at 1:35 PM

    EPS is 1.8/- for eight months this year so pe ratio is just 11 for full year, it will be a huge hit without doubt.

    • February 15, 2017 at 9:22 PM

      That’s great i will apply tomorrow

  • February 14, 2017 at 1:02 PM

    Buy in big quantity, it will show 50 in first month!!!

  • February 14, 2017 at 11:50 AM

    Krishna phoschem get full subscription on first day…wow. It is time to jump into

  • February 9, 2017 at 11:20 AM

    Finally a SME IPO that has some real business, what do experts suggest???

    • February 10, 2017 at 12:11 PM

      SME IPOs are risky, be sure what you wish for

      • February 10, 2017 at 5:03 PM

        You are right but I’ve been looking at the prices of previous listings n they are all up.

    • February 11, 2017 at 1:45 PM

      Dekho Mallya ke itne bure din aa gaye hain!!!

      • February 11, 2017 at 4:53 PM

        Haha, mallya ke bure din to chal hi rahe hain, ye to uska beta hai 😛


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