Balaji Phosphates Limited
Feb 28, 2025 - Mar 4, 2025
Balaji Phosphates Limited IPO Details
SME
Status
listed
Issue Price
₹66.00 - ₹70.00
Lot Size
2000 Shares
Subscription
1.21 times
Listing Price
₹75 (7.14%)
Face Value
₹10 Per share
Issue Size
Approx ₹50.11 Cr
Fresh Issue
Approx ₹41.58 Cr
Total Shares Offered
Approx ₹8.53 Cr
Retail Quota
40%
QIB Quota
30%
HNI Quota
30%
Retail Approx
-
S-HNI Approx
-
B-HNI Approx
-
Issue Type
Book Built Issue IPO
Listing On
NSE SME
Registrar
Skyline Financial Services Private Ltd
NSE Code
BALAJIPHOS
IPO Tentative Timetable
Open Date
Fri Feb 28 2025
Close Date
Tue Mar 04 2025
Allotment Date
-
Refunds Initiation
Thu Mar 06 2025
Demat Transfer
Thu Mar 06 2025
Listing Date
Fri Mar 07 2025
Valuation
Earning Per Share (EPS)
₹3.39
Price/Earning P/E Ratio
N/A
Return on Net Worth (RoNW)
17.26%
Net Asset Value (NAV)
₹19.62
Promoters
Pre issue Share Holding
100%
Post issue Share Holding
69.90%
Company Promoters
- Mr. Alok Gupta
- Mr. Mohit Airen
Lead Managers
Arihant Capital Markets Ltd
Live Subscription
| Date | QIB | NII* | Retail | Total |
|---|---|---|---|---|
| Feb 28, 2025 | 0 | 0.27 | 0.22 | 0.19 |
| Mar 3, 2025 | 0 | 0.98 | 0.56 | 0.57 |
| Mar 4, 2025 | 1.26 | 1.34 | 1.09 | 1.21 |
Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹1,40,000 |
| Retail (Max) | 1 | 2000 | ₹1,40,000 |
| HNI (Min) | 2 | 4,000 | ₹2,80,000 |
IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 5,72,000 (7.99%) |
| Market Maker Shares Offered | 3,58,000 (5%) |
| QIB Shares Offered | 14,68,000 (20.51%) |
| NII (HNI) Shares Offered | 20,40,000 (28.5%) |
| Retail Shares Offered | 27,20,000 (38%) |
| Total Shares Offered | 71,58,000 (100%) |
Company Financial
| Period Ended | 31 Aug 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 95.28 | 88.48 | 96.83 | 82.35 |
| Revenue | 54.85 | 151.68 | 144.64 | 124.12 |
| Profit After Tax | 4.15 | 6.04 | 6.09 | 3.19 |
| Net Worth | 39.15 | 35 | 28.97 | 22.86 |
| Reserves and Surplus | 21.31 | 17.17 | 20.05 | 16.92 |
| Total Borrowing | 35.58 | 33.22 | 26.32 | 19.88 |
About Company
Balaji Phosphates Limited, incorporated in 1996, manufactures and supplies Single Super Phosphate (SSP), NPK Granulated and Mixed Fertilizers, and Zinc Sulphate, all compliant with India's Fertilizer Control Order standards.
The company markets its products under the brands ‘RATNAM’ and ‘BPPL’ to a diverse customer base, including retailers, wholesalers, and cooperatives, with farmers as the end users. Its product portfolio includes phosphate fertilizers like SSP, zinc sulfate, and NPK Mix, which enhance plant growth and improve soil fertility.
The company operates in regions such as Madhya Pradesh, Chhattisgarh, Maharashtra, Andhra Pradesh, and Telangana. Its manufacturing unit, located in Dewas, Madhya Pradesh, has an annual production capacity of 120,000 MT for Single Super Phosphate, 3,300 MT for Zinc Sulphate, and 49,500 MT for NPK Granulated & Mix as of March 31, 2024.
As of August 31, 2024, the company employs 40 individuals, including skilled and unskilled labor, administrative staff, management, and operations teams.
The company's competitive strengths include its long-standing presence in the fertilizer industry, an extensive distribution network across key agricultural regions, a strategically located manufacturing facility, and an experienced management team.
The company markets its products under the brands ‘RATNAM’ and ‘BPPL’ to a diverse customer base, including retailers, wholesalers, and cooperatives, with farmers as the end users. Its product portfolio includes phosphate fertilizers like SSP, zinc sulfate, and NPK Mix, which enhance plant growth and improve soil fertility.
The company operates in regions such as Madhya Pradesh, Chhattisgarh, Maharashtra, Andhra Pradesh, and Telangana. Its manufacturing unit, located in Dewas, Madhya Pradesh, has an annual production capacity of 120,000 MT for Single Super Phosphate, 3,300 MT for Zinc Sulphate, and 49,500 MT for NPK Granulated & Mix as of March 31, 2024.
As of August 31, 2024, the company employs 40 individuals, including skilled and unskilled labor, administrative staff, management, and operations teams.
The company's competitive strengths include its long-standing presence in the fertilizer industry, an extensive distribution network across key agricultural regions, a strategically located manufacturing facility, and an experienced management team.
Company Contact
305, utsav avenue, 12/5usha ganj jaora compound,indore g.p.o., indore- 452001
Phone: +919827090267
Email: balajiphosphate@gmail.com
Website: https://www.balajiphosphates.com/2