Balaji Phosphates IPO
GMP, Subscription, Price, Dates & Financial Details
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…
Open Date
Fri, 28 Feb 2025
Close Date
Tue, 04 Mar 2025
Price Band
₹ 66 – 70
Lot Size
2000
Issue Size
₹ 50.11 Cr
Minimum Investment
₹ 280,000 (4000 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Balaji Phosphates IPO has successfully completed its IPO process and is now listed on NSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹50.11 Crore, comprising a fresh issue of 59.40 Lakh equity shares aggregating to ₹41.58 Crore and an offer for sale (OFS) of 12.18 Lakh equity shares aggregating to ₹8.53 Crore by the existing shareholders.
The Balaji Phosphates IPO remained open for subscription from February 28, 2025, to March 04, 2025. The basis of allotment was finalized on March 05, 2025, and the company's shares were listed on NSE SME Platform on March 07, 2025.
The company had fixed the price band at ₹66 to ₹70 per share, with a lot size of 2000 shares. Retail investors were required to make a minimum investment of ₹280,000 (based on the upper price band) to apply for one lot.
Skyline Financial Services Private Ltd served as the registrar to the issue. Arihant Capital Markets Ltd acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Balaji Phosphates Limited is now a publicly listed company on NSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Balaji Phosphates IPO Timeline (Tentative)
- IPO Open Date
- Fri, 28 Feb 25
- IPO Close Date
- Tue, 04 Mar 25
- Basis of Allotment
- Wed, 05 Mar 25
- Initiation of Refunds
- Thu, 06 Mar 25
- Credit of Shares to Demat
- Thu, 06 Mar 25
- Listing Date
- Fri, 07 Mar 25 — NSE & BSE
Open Date
28 February 2025
Close Date
04 March 2025
Basis Of Allotment
05 March 2025
Listing Date
07 March 2025
IPO Subscription
Check Live Subscription →The Balaji Phosphates IPO has received bids for 79,14,000 shares against 55,76,000 shares offered, resulting in an overall subscription of 1.42x. the NII category is subscribed 1.52x, Retail Investors 1.09x, and QIBs 2.26x.
QIB
2.26x
NII
1.52x
RII
1.09x
Total
1.42x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 27,20,000 shares, representing 48.78% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 8,16,000 shares (14.63%), while Non-Institutional Investors (NIIs) receive 20,40,000 shares (36.59%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Qualified Institutions | 816,000 | 14.63% |
| Non-Institutional | 2,040,000 | 36.59% |
| Retail Investors | 2,720,000 | 48.78% |
| Total | 5,576,000 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Balaji Phosphates Limited KPI Information
| Particular | KPI as of Mar 31, 2024. |
|---|---|
| ROE % | 18.89 |
| ROCE % | 16.7 |
| Debt / Equity | 0.95 |
| Pat Margin % | 4 |
Peers Comparison
No Peer Comparision Available
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
Balaji Phosphates Limited Address / Contact Details
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
Balaji Phosphates IPO Lot Size
The Balaji Phosphates IPO has a lot size of 2,000 shares. Retail investors require a minimum investment of ₹1,40,000 by applying for 1 lot (2,000 shares). The maximum application allowed for the retail category is 1 lots (2,000 shares), requiring an investment of ₹1,40,000.
| 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 |
Issue Reservation
- QIB — 14.63%
- NII — 36.59%
- RII — 48.78%
Book Running Lead Managers
- Arihant Capital Markets Ltd
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Balaji Phosphates 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.
When will the Balaji Phosphates IPO open for subscription?
The Balaji Phosphates IPO opens on Fri, Feb 28, 2025 and closes on Tue, Mar 4, 2025
What is Balaji Phosphates IPO Price Band?
Balaji Phosphates IPO Price Band is ₹66 to 70 per share.
What is Balaji Phosphates IPO Lot Size?
Balaji Phosphates IPO lot size is 2000 shares, Retail investors need a minimum investment of ₹280000 based on the upper price band
What is the minimum investment for Balaji Phosphates IPO?
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.
How to apply for Balaji Phosphates IPO?
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.
What is Balaji Phosphates IPO Issue Size?
Balaji Phosphates IPO issue size is ₹50.11 crores.
What is the Balaji Phosphates IPO Allotment Date?
Balaji Phosphates IPO allotment date is Wed, Mar 5, 2025.
Who is the Balaji Phosphates IPO Registrar?
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.
Who is the Balaji Phosphates IPO Lead Manager?
The book-running lead managers (BRLMs) for the Balaji Phosphates IPO are Arihant Capital Markets Ltd. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Balaji Phosphates IPO Red Herring Prospectus (RHP).