Balaji Phosphates Limited IPO

NSE SME

Listed On: Mar 7, 2025 at ₹ 75.0

₹ 140000 /2000 Shares

Check Allotment

Balaji Phosphates IPO Details

28 Feb, 2025

Open Date

04 Mar, 2025

Close Date

05 Mar, 2025

Allotment Date

07 Mar, 2025

Listing Date

Issue Price

₹66-70 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

NSE SME

Registrar

Skyline Financial Services Private Ltd

List Price

75.0

Listing Date

2025-03-07

Market Lot

2000 Shares (₹140,000/-)

Lead Manager

Arihant Capital Markets Ltd

Issue Size

71,58,000 shares(aggregating up to ₹50.11 Cr)

Retail Portion

40%

Subscription

1.21 times

IPO Docs

DRHP RHP

The IPO of Balaji Phosphates is priced at ₹66-70 per equity share, which has a face value of ₹10 Per Equity Share each. The company shall list its equity shares on NSE SME. Skyline Financial Services Private Ltd is the registrar of the issue.

Balaji Phosphates IPO bid opening date is from Feb 28, 2025 and the bid closing date was Mar 4, 2025.
Balaji Phosphates IPO allotment result will be available on Mar 5, 2025. The tentative listing date for Balaji Phosphates is Mar 7, 2025.

The total issue size is 71,58,000 shares(aggregating up to ₹50.11 Cr).

As on	QIB / NII	Retail	Total
Shares Offered / Reserved	14,68,000 / 20,40,000	27,20,000	62,28,000
Day 1 - 28-02-25 06:00 PM	0.00 / 0.27 x	0.22 x	0.19 x
Day 2 - 03-03-25 06:00 PM	0.00 / 0.98 x	0.56 x	0.57 x
Day 3 - 04-03-25 06:00 PM	1.26 / 1.34 x	1.09 x	1.21 x

Total No. of Applications: 1,610 (Approx)

Balaji Phosphates Valuations

EPS Pre IPO

₹3.39/-

EPS Post IPO

₹4.19/-

P/E Pre IPO

20.67

P/E Post IPO

16.72

ROE

18.89%

ROCE

16.70%

Debt/Equity

0.95

RoNW

17.26%

PAT Margin

4.00

Price to Book Value

3.57

Balaji Phosphates Company Financials All values are in ₹ Cr.

	31-Aug-24	31-Mar-24	31-Mar-23	31-Mar-22
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	35.0	28.97	22.86
Reserves & Surplus	21.31	17.17	20.05	16.92
Total Borrowing	35.58	33.22	26.32	19.88

About The Company

Balaji Phosphates Limited was incorporated in 1996 and manufactures SSP, NPK Granulated and Mixed Fertilizers, and Zinc Sulphate conforming to Indian standards as laid down in the Fertilizer Control Order.

The company sells products under two brands, namely RATNAM and BPPL, to retail and wholesale dealers, cooperatives, with the farmers being the end-users.

The products manufactured promote plant growth in agricultural soils, including Phosphate fertilizers: SSP, zinc sulfate, and NPK Mix.

The company sells its products in Madhya Pradesh, Chhattisgarh, Maharashtra, Andhra Pradesh, and Telangana.

The company has its manufacturing unit located in Dewas, Madhya Pradesh An operational capacity of its manufacturing unit is; Single Super Phosphate-120,000 MT/year, Zinc Sulphate-3,300 MT/year, NPK Granulated & Mix-49,500 MT/year as on March 31, 2024.

As of August 31, 2024, the company has a total staff strength of 40, which includes skilled and unskilled laborers, administrators, managers, and operation teams.

Balaji Phosphates - Promoter(s)

Pre Issue Share Holding: 100%

Post Issue Share Holding: 69.90%

Company Promoter(s)

Mr. Alok Gupta
Mr. Mohit Airen

Balaji Phosphates IPO - Issue Objectives

To meet the capital expenditure requirements
To meet the working capital requirements
General corporate purposes

Other Details

Company Contact Details

Balaji Phosphates

305, Utsav Avenue, 12/5, Usha Ganj Jaora Compound, Indore G.P.O., Indore- 452001

Phone: +919827090267

Email: balajiphosphate@gmail.com

Website: https://www.balajiphosphates.com/

Registrar Contact Details

Skyline Financial Services Private Ltd

Phone: 02228511022

Email: ipo@skylinerta.com

Website: https://www.skylinerta.com/ipo.php

Balaji Phosphates IPO - FAQs

Ans. Balaji Phosphates Limited IPO is a SME IPO. The issue is priced at ₹66-70 per equity share. The minimum order quantity is 2000 Shares. The IPO opens on Feb 28, 2025, and closes on Mar 4, 2025. Skyline Financial Services Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Ans. The Balaji Phosphates Limited IPO opens on Feb 28, 2025 and closes on Mar 4, 2025.

Ans. The size of Balaji Phosphates Limited IPO is 71,58,000 shares(aggregating up to ₹50.11 Cr).

Ans. The IPO price band is set between ₹66-70 per equity share.

Ans. To apply for Balaji Phosphates Limited IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Balaji Phosphates Limited IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Balaji Phosphates Limited IPO is Mar 5, 2025.

Ans. The Balaji Phosphates Limited IPO will be listed on Mar 7, 2025.

Ans. Follow the steps to check the allotment status for Balaji Phosphates Limited IPO here.