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Balaji Phosphates IPO

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NSE 28 February - 04 March 2025
Balaji Phosphates Limited IPO is a book build issue of 50.11 Cr. The issue is a combination of fresh issue of 5940000 shares aggregating to 41.58 Cr and offer for sale of 1218000 shares aggregating to 8.53 Cr. Balaji Phosphates Limited IPO opened for subscription on Feb 28, 2025 and closed on Mar 04, 2025. The allotment for the this IPO was finalized on Mar 05, 2025. IPO was listed on NSE and BSE on Mar 07, 2025. Balaji Phosphates Limited IPO is set issue price band at ₹66 to ₹70 per share.

Current GMP

₹0 (0.00%)

Price Band

₹ 66 – 70

Lot Size

2000

Issue Size

₹50.11 Cr

Minimum Investment

₹280000 (4000 Shares)

Listing Date

07 March 2025

Subscription

1.42x

About the Company

The company was originally incorporated as "Balaji Phosphate Private Limited" on April 4, 1996. It later converted into a public limited company on September 18, 2023, and changed its name to "Balaji Phosphates Limited."

  • Promoters & Management: Initially promoted by Pawan Kumar Agrawal and Sushil Kumar Agrawal, the company’s control was transferred in 2014 to the current promoters, Mr. Mohit Airen and Mr. Alok Gupta. The promoters have over 40 years of combined experience in the fertilizer industry, guiding the company’s operations.
  • Products & Services:
    • The company manufactures Single Super Phosphate (SSP), NPK Granulated & Mixed Fertilizers, and Zinc Sulphate.
    • These products help improve agricultural soil health and enhance crop productivity by addressing deficiencies in phosphorus, zinc, and providing a balanced mix of essential nutrients.
    • SSP is sold in both powder and granulated forms, and the company also offers value-added fortified SSP with zinc and boron.
  • Geographic Reach: Balaji Phosphates caters to farmers in Madhya Pradesh, Chhattisgarh, Maharashtra, Telangana, and Andhra Pradesh.
  • Manufacturing Facility:
    • The company operates a manufacturing unit in Dewas, Madhya Pradesh, with installed capacities for 120,000 MT/year of SSP, 3,300 MT/year of Zinc Sulphate, and 49,500 MT/year of NPK Granulated & Mix fertilizers.
  • Raw Materials:
    • The primary raw material used is Rock Phosphate (CRP and BRP). CRP is imported from countries like Jordan, Morocco, and Egypt, while BRP is sourced locally.
    • Sulfuric acid, another key ingredient, is sourced locally from Madhya Pradesh.
  • Quality Control: The company follows a strict quality control process with in-house laboratories for testing raw materials and finished products, ensuring compliance with required specifications.
  • Subsidiary: The company owns a 99.98% stake in Jyoti Weighing Systems Pvt. Ltd. (JWSPL), a manufacturer of weighbridges used for measuring vehicle weights. JWSPL’s facility is located near Balaji Phosphates’ manufacturing unit in Dewas.

Key Highlights:

  • Strong experience of promoters (40+ years in the industry).
  • Comprehensive product line for agricultural soil enhancement.
  • Strong presence in central and southern India with a diversified customer base.
  • Focus on quality with advanced testing facilities.
  • Subsidiary in the weighing systems industry for further diversification.

Promoters

  1. Mr. Alok Gupta 
  2. Mr. Mohit Airen
Promoters Holding

Holding Pre Issue

100.00%

Holding Post Issue

69.90%

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:

  1. To meet the capital expenditure requirements;
  2. To meet the working capital requirements; and
  3. General corporate purposes

Address / Contact Info

Balaji Phosphates Limited
305, Utsav Avenue, 12/5, 
Usha Ganj Jaora Compound,
Indore G.P.O. Indore - 452001
Madhya Pradesh

Phone: +919827090267
Email: balajiphosphate@gmail.com
Website: https://www.balajiphosphates.com/

IPO Snapshot

Face Value₹10 per share
Price Band₹ 66 – 70
Lot Size2000
Issue TypeBook-building IPO
Sale Type
Fresh Issue₹ 41.58 Cr
Offer for Sale₹ 8.53 Cr
Total Issue Size₹ 50.11 Cr
Listing AtNSE
Industry
Sector
QIB Quota14.63%
Retail Quota48.78%

Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.

Frequently Asked Questions

Everything you need to know before applying to an IPO.

Balaji Phosphates IPO is a Book-building IPO worth ₹50.11 crores. The price band is ₹66 to 70 per share. The IPO opens on Fri, Feb 28, 2025 and closes on Tue, Mar 4, 2025. It will be listed on BSE and NSE. Skyline Financial Services Private Ltd is the registrar.

The Balaji Phosphates IPO opens on Fri, Feb 28, 2025 and closes on Tue, Mar 4, 2025

Balaji Phosphates IPO Price Band is ₹66 to 70.

Balaji Phosphates IPO lot size is 2000, and the minimum amount required for application is ₹280000.

The minimum investment for Balaji Phosphates IPO is approximately ₹280000 based on the upper price band.

To apply for the Balaji Phosphates IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Tue, Mar 4, 2025. After submission, funds are blocked until the basis of allotment of Balaji Phosphates IPO is finalised.

Balaji Phosphates IPO issue size is ₹50.11 crores.

Balaji Phosphates IPO allotment date is Sat, Jun 27, 2026.

The registrar for Balaji Phosphates IPO is Skyline Financial Services Private Ltd. Investors can go to Skyline Financial Services Private Ltd website for IPO allotment status, refund processing, and other queries related to Balaji Phosphates IPO through their official website or helpline.