Balaji Phosphates IPO
Open SmeCurrent 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
- Mr. Alok Gupta
- 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:
- To meet the capital expenditure requirements;
- To meet the working capital requirements; and
- 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
IPO Timeline (Tentative)
IPO Open Date
Friday, 28 February 2025
IPO Close Date
Tuesday, 04 March 2025
Basis of Allotment
Wednesday, 05 March 2025
Initiation of Refunds
Thursday, 06 March 2025
Credit of Shares to Demat
Thursday, 06 March 2025
Listing Date
Friday, 07 March 2025 — NSE & BSE
Important Dates
Open Date
28 February 2025
Close Date
04 March 2025
Basis Of Allotment
05 March 2025
Listing Date
07 March 2025
Financial Performance (₹ in Crores)
| Particular | 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 |
| Reserve & Surplus | 21.31 | 17.17 | 20.05 | 16.92 |
| Total Borrowings | 35.58 | 33.22 | 26.32 | 19.88 |
EPS Pre
3.39%
EPS Post
4.19%
P/E Pre
20.67
P/E (Post Issue)
16.72x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI as of Mar 31, 2024. |
|---|---|
| ROE % | 18.89 |
| ROCE % | 16.7 |
| Debt / Equity | 0.95 |
| RoNW % | 0 |
| PbW | 0 |
| Pat Margin % | 4 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Qualified Institutions | 816000 | 14.63 | 0 |
| Non-Institutional | 2040000 | 36.59 | 0 |
| Retail Investors | 2720000 | 48.78 | 0 |
| Total | 5576000 | 100 | 0 |
Subscription Status ( Tue, 04 Mar 25 01:15 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 816000 | 1846000 | 2.26x |
| Non-Institutional | 2040000 | 3092000 | 1.52x |
| Retail Investors | 2720000 | 2976000 | 1.09x |
| Total | 5576000 | 7914000 | 1.42x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | 140,000.00 |
| Retail (Max) | 1 | 2,000 | 140,000.00 |
| S-HNI (Min) | 2 | 4,000 | 280,000.00 |
Registrar
Skyline Financial Services Private Ltd
02228511022
info@skylinerta.com
https://www.skylinerta.com
Book Running Lead Managers
- Arihant Capital Markets Ltd
RHP Document
DRHP Document
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.