Balaji Phosphates IPO is a book built issue of Rs 50.11 crore. The issue is a mix of a fresh issue of 59.40 lakh shares aggregating to Rs 41.58 crore and an offer for sale of 12.18 lakh shares aggregating to Rs 8.53 crore.
Balaji Phosphates IPO opens for subscription on February 28, 2025 and closes on March 4, 2025. The allotment for the Balaji Phosphates IPO is expected to be finalized on Wednesday, March 5, 2025. Balaji Phosphates IPO will be list on NSE SME with a tentative listing date fixed as Friday, March 7, 2025.
Balaji Phosphates IPO price band is set at ₹66 to ₹70 per share. The minimum lot size for an application is 2000. The minimum amount of investment required by retail investors is ₹1,32,000. But it is suggested to the investor to bid at the cutoff price to avoid the oversubscription senerio, which is about to ₹1,40,000.The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹2,80,000.
| IPO Date | February 28, 2025 to March 4, 2025 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price Band | ₹66 to ₹70 per share |
| Lot Size | 2,000 Shares |
| Total Issue Size | 71,58,000 shares (aggregating up to ₹50.11 Cr) |
| Fresh Issue | 59,40,000 shares (aggregating up to ₹41.58 Cr) |
| Offer for Sale | 12,18,000 shares of ₹10 (aggregating up to ₹8.53 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,78,37,100 shares |
| Share Holding Post Issue | 2,37,77,100 shares |
| Market Maker Portion | 3,58,000 shares |
Balaji Phosphates IPO Timeline
Balaji Phosphates IPO opens on February 28, 2025, and closes on March 4, 2025.
| IPO Open Date | Fri, Feb 28, 2025 |
| IPO Close Date | Tue, Mar 4, 2025 |
| Tentative Allotment | Wed, Mar 5, 2025 |
| Initiation of Refunds | Thu, Mar 6, 2025 |
| Credit of Shares to Demat | Thu, Mar 6, 2025 |
| Tentative Listing Date | Fri, Mar 7, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 4, 2025 |
Balaji Phosphates IPO 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 | ₹2,80,00 |
Balaji Phosphates IPO Anchor Investors Details
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue | 69.90% |
Balaji Phosphates IPO Anchor Investors Details
| Bid Date | February 27, 2025 |
| Shares Offered | 12,24,000 |
| Anchor Portion Size (In Cr.) | 8.57 |
| Anchor lock-in period end date for 50% shares (30 Days) | April 4, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | June 3, 2025 |
About Balaji Phosphates Limited
Incorporated in 1996, Balaji Phosphates Limited 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 various customers, including retailers, wholesalers, and cooperatives, with farmers as end users.
The product portfolio consists of Phosphate fertilizers like SSP, zinc sulfate, and NPK Mix enhance plant growth in agricultural soils.
The company sells its products in regions such as Madhya Pradesh, Chhattisgarh, Maharashtra, Andhra Pradesh and Telangana.
The company's manufacturing unit is in Dewas, Madhya Pradesh. As of March 31, 2024, the company's manufacturing unit had capacities of 120,000 MT per year for Single Super Phosphate, 3,300 MT for Zinc Sulphate, and 49,500 MT for NPK Granulated & Mix.
As of August 31, 2024, the company employs 40 individuals, including skilled and unskilled labour, administrative staff, management, and operations teams.
Competitive Strength
Long-standing and experienced management team.
Long standing in the fertilizer trade.Wide spread network in regions Madhya Pradesh, Chhattisgarh, Maharashtra, Andhra Pradesh and Telangana.The factory's strategic location in Dewas, Madhya Pradesh, offers a competitive advantage.
Company Financials
| 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 |
| Amount in ₹ Crore | ||||
Objects of the Issue
The company proposes to utilize the net proceeds from the Fresh Offer towards funding the following objects and achieve the benefits of listing on the NSE Emerge platform:
General corporate purposes
To meet the capital expenditure requirements;
To meet the working capital requirements; and
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