Balaji Phosphates IPO Details
The Balaji Phosphates IPO is a book build issue with a total issue size of ₹50.11 cr, comprising of fresh issue of 5940000 equity shares., and a offer for sale of 1218000 equity shares. Balaji Phosphates IPO opened for subscription on Feb 28, 2025 and closed on Mar 04, 2025. Balaji Phosphates IPO is set price band at ₹66 to ₹70 per share, with a lot size of 2000 shares. Minimum investment for Retail investors was ₹280,000.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Mar 05, 2025, and listed on the NSE on Mar 07, 2025.
Skyline Financial Services Private Ltd has been appointed as the registrar. Arihant Capital Markets Ltd are the Book Running Lead Manager for the issue.
Before investing in the Balaji Phosphates IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 66 – 70
- Lot Size
- 2000
- Issue Size
- ₹50.11 Cr
- Minimum Investment
- ₹280000 (4000 Shares)
- Listing Date
- 07 March 2025
Current GMP
₹0 (0.00%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
About Balaji Phosphates Limited
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.
Balaji Phosphates IPO Promoters
- Mr. Alok Gupta
- Mr. Mohit Airen
Promoters Holding
Holding Pre Issue
100.00%
Holding Post Issue
69.90%
Balaji Phosphates IPO Objective
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
Book Running Lead Managers
- Arihant Capital Markets Ltd
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 with a total issue size of ₹50.11 crore. The Balaji Phosphates IPO price band is ₹66 to 70 per share. The Balaji Phosphates IPO subscription opens on Fri, Feb 28, 2025, and closes on Tue, Mar 4, 2025. The Balaji Phosphates IPO will be listed on the NSE. Skyline Financial Services Private Ltd is the registrar for the Balaji Phosphates IPO.
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 per share.
Balaji Phosphates IPO lot size is 2000 shares, Retail investors need a minimum investment of ₹280000 based on the upper price band
The minimum investment for Balaji Phosphates IPO is ₹280000, based on one lot of 2000 shares at the upper price band of ₹70 per share.
Investors can apply for the Balaji Phosphates IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Tue, Mar 4, 2025. The application amount remains blocked until the Balaji Phosphates IPO allotment is finalized.
Balaji Phosphates IPO issue size is ₹50.11 crores.
Balaji Phosphates IPO allotment date is Wed, Jul 1, 2026.
The registrar for Balaji Phosphates IPO is Skyline Financial Services Private Ltd. Investors can go to Skyline Financial Services Private Ltd website to check Balaji Phosphates IPO allotment status, refund processing, and other IPO-related information.