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.
Balaji Phosphates IPO – Details
| IPO Opening Date | 28 February 2025 |
| IPO Closing Date | 04 March 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 71,58,000 Shares Worth ₹50.11 Crore Fresh Issue: 59,40,000 Shares Worth ₹41.58 Crore Offer for Sale: 12,18,000 Shares Worth ₹8.53 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹66 – ₹70 per share |
| Market Lot | ₹1,40,000 |
| Min Order | 1 Lot (2000 Shares) |
| Listing At | NSE SME |
| Register | Bigshare Services Private Limited |
| QIB Shares Offered | 30% |
| NII (HNI) Shares Offered | 30% |
| Retail Shares Offered | 40% |
Balaji Phosphates IPO – Date Schedule
| IPO Open Date | 28 February 2025 |
| IPO Close Date | 04 March 2025 |
| Basis of Allotment | 05 March 2025 |
| Initiation of Refund | 06 March 2025 |
| Credit of Shares to Demat Account | 06 March 2025 |
| IPO Listing Date | 07 March 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 04, 2025 |
Balaji Phosphates IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,40,000 |
| Retail (Max) | 1 | 2,000 | ₹1,40,000 |
| HNI (Min) | 2 | 4,000 | ₹2,80,000 |
Competitive Strengths
- 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.
Company Promoters
- Mr. Alok Gupta
- Mr. Mohit Airen
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2022 | 124.12 | NA | 3.19 | 19.88 |
| 31 March 2023 | 144.64 | NA | 6.09 | 26.32 |
| 31 March 2024 | 151.68 | NA | 6.04 | 33.22 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 18.89% |
| ROCE | 16.7% |
| Debt/Equity | 0.95 |
| RoNW | 17.26% |
| PAT Margin | 4.00 |
| Price to Book Value | 3.57 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 3.39 | 4.19 |
| P/E (x) | 20.67 | 16.72 |
Object Of The Issue
- To meet the capital expenditure requirements;
- To meet the working capital requirements; and
- General corporate purposes
Balaji Phosphates IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 69.90% |
Balaji Phosphates IPO Prospectus
Company Contact Information
| Balaji Phosphates Limited 305, Utsav Avenue, 12/5 Usha Ganj Jaora Compound, Indore G.P.O., Indore- 452001, India Phone: +919827090267 Email: balajiphosphate@gmail.com Website: https://www.balajiphosphates.com/ |
Balaji Phosphates IPO Registrar
| Skyline Financial Services Private Ltd Phone: 02228511022 Email: ipo@skylinerta.com Website: https://www.skylinerta.com/ipo.php |
Balaji Phosphates IPO Lead Manager(s)
| 1. Arihant Capital Markets Ltd |
Balaji Phosphates IPO FAQs
| What is Balaji Phosphates IPO? Balaji Phosphates IPO is a SME IPO. The issue is priced at ₹66 to ₹70 per equity share. The IPO is to be listed on NSE SME. |
| When Balaji Phosphates IPO will open? The IPO is to open on 28 February 2025 for QIB, NII, and Retail Investors. |
| What is Balaji Phosphates IPO Investors Portion? The investors’ portion for QIB – 30%, NII – 30%, and Retail – 40%. |
| How to Apply the Balaji Phosphates IPO? You can apply Balaji Phosphates IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Balaji Phosphates IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Balaji Phosphates IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Balaji Phosphates IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Balaji Phosphates IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Balaji Phosphates IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Balaji Phosphates IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Balaji Phosphates IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Balaji Phosphates IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Balaji Phosphates IPO Size? Balaji Phosphates IPO size is ₹50.11 Crore. |
| What is the Balaji Phosphates IPO Price Band? Balaji Phosphates IPO Price Band is ₹66 to ₹70. |
| What is Balaji Phosphates IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 2000 Shares with ₹1,40,000 amount while the maximum bid is 2000 Shares with ₹1,40,000. |
| What is the Balaji Phosphates IPO Allotment Date? Balaji Phosphates IPO allotment date is 05 March 2025. |
| What is the Balaji Phosphates IPO Listing Date? Balaji Phosphates IPO listing date is 07 March 2025. The IPO is to be listed on NSE SME. |
