Agro Phos India is coming out with a 100% book building; initial public offering (IPO) of 58,80,000 shares of Rs 10 each in a price band Rs 19-22 per equity share. The issue will open on October 27, 2016 and will close on November 07, 2016. The shares will be listed on NSE Emerge platform.
The company will use the issue proceeds for repayment/ Prepayment of certain borrowings availed by the company; working capital requirements; general corporate purposes and issue expenses.
Book running lead manager to the issue are Pantomath Capital Advisors and Indian Overseas Bank, while the compliance officer for the issue is Neetu Dubey.
The company 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 soil conditioner or gypsum. The company also undertakes trading of Diammonium Phosphate (DAP), Urea, Ammonium Sulphate and other fertilizers depending upon the demand of the customers.
