Balaji Phosphates Limited IPO Details
SME
Balaji Phosphates IPO opens for subscription on 28 Feb 2025 and closes on 04 Mar 2025. The IPO will be listed on NSE with the tentative listing date set for 07 Mar 2025.
Balaji Phosphates IPO price band has been fixed at ₹66 – ₹70 per share.The face value is ₹10 per share with a lot size of 2000.
Balaji Phosphates IPO total issue size comprises 71,58,000 shares (aggregating up to ₹50.11 Cr). This includes a fresh issue of 59,40,000 shares (aggregating up to ₹41.58 Cr). Offer for Sale consists of 12,18,000 shares (aggregating up to ₹8.53 Cr). Pre-issue shareholding stands at 1,78,37,100, which will increase to 2,37,77,100 post-issue.
Balaji Phosphates IPO Lot Size : Retain Minimum is 1 lot (2,000 shares) amounting to ₹140,000. Retain Maximum is 1 lot (2,000 shares) amounting to ₹140,000. SHNI Minimum is 2 lots (4,000 shares) amounting to ₹280,000.
The Lead Managers for Balaji Phosphates IPO are crucial for the offering's success. They are responsible for a wide range of tasks, including preparing the company for the public market, managing the regulatory filings, and marketing the IPO to potential investors. The lead manager for this offering is Arihant Capital Markets Ltd. To assess their past performance and success in previous IPOs, you can view the Lead Manager Performance Summary report.
For SME (Small and Medium-sized Enterprise) IPOs, a Market Maker is appointed to ensure liquidity and stability for the stock once it is listed. They do this by continuously quoting bid and ask prices, ensuring there is a market for the shares. The appointed market maker for this IPO is Nnm Securities. You can analyze their track record by checking the Market Maker Performance Summary report.
For detailed information, Refer to the Balaji Phosphates Limited RHP.
Balaji Phosphates IPO Details
Balaji Phosphates IPO Subscription
Balaji Phosphates IPO Application Wise Breakup
Balaji Phosphates IPO Dates
- 28 Feb 2025Opening dateOPD
- 04 Mar 2025Closing dateCOD
- 05 Mar 2025Allotment Date BOA
- 06 Mar 2025Initiation of RefundsIOR
- 06 Mar 2025Credit of SharesCOS
- 07 Mar 2025Listing dateLID
Balaji Phosphates IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retain Minimum | 1 | 2000 | ₹140,000 |
| Retain Maximum | 1 | 2000 | ₹140,000 |
| SHNI Minimum | 2 | 4000 | ₹280,000 |
| SHNI Maximum | 0 | 0 | ₹ |
| BHNI Minimum | 0 | 0 | ₹ |
Balaji Phosphates IPO Reservation
Promoter Holding
Balaji Phosphates IPO Valuations
Balaji Phosphates Financial Information
| 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 | ||||
About Balaji Phosphates IPO
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 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.
- Long-standing and experienced management team.
Strength Of Balaji Phosphates IPO
1. Cost Effective sourcing and Strategic Location of Manufacturing Unit.
2. Cordial relations with customers.
3. Sustainable business model.
4. Leveraging the expertise of our Promoters and Management Team.
5. Quality assurance.
Risk Of Balaji Phosphates IPO
1. Our business is dependent on the performance of the agricultural sector in which our fertilizers are used. Any developments affecting the performance of the agricultural sector are likely to affect our business, results of operations and financial condition.
2. Reliance on imported raw materials poses risks that could adversely affect our production capabilities and overall profitability.
3. Our business is subject to climatic conditions and is cyclical in nature. Seasonal variations and unfavourable local and global weather patterns may have an adverse effect on our business, results of operations and financial condition.
4. The fertilizer industry in India is a regulated industry. Any change in Government policies towards the agriculture sector or a reduction in subsidies and incentives provided to farmers could adversely affect our business and results of operations.
5. The business is highly seasonal and such seasonality may affect our operating results and cash flow of our Company.
6. If we are unable to obtain or maintain regulatory approvals for our products, we may be unable to sell such products, which could adversely affect our business and results of operations.
7. Our Promoters have provided personal guarantees and securities to secure certain of our loan facilities, which if revoked or invoked may require alternative guarantees, repayment of amounts due or termination of the facilities.
8. A shortage or non-availability of electricity, water, fuel or an increase in fuel prices may adversely affect our production operations and have an adverse effect on our business, results of operations and financial conditions.
9. We have certain contingent liabilities that have not been provided for in our Company's financials, which if realised, could affect our financial condition.
10. Our Company has experienced negative cash flows. Any negative cash flow in future could affect our results of operations.
Objectives Balaji Phosphates IPO
- To meet the capital expenditure requirements;
- To meet the working capital requirements; and
- General corporate purposes
Company Contact Details
Balaji Phosphates Limited
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
Lead Mangers
Lead Manager Reports
Market Maker
Market Maker Reports
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