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Balaji Phosphates IPO vs Kaytex Fabrics IPO

Comparison between Balaji Phosphates IPO and Kaytex Fabrics IPO.

IPO Details

Balaji Phosphates IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Kaytex Fabrics IPO is a SME Bookbuilding proposed to list at NSE SME.

 Balaji Phosphates IPOKaytex Fabrics IPO
LogoBalaji Phosphates IPO LogoKaytex Fabrics IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtNSE SMENSE SME
Lead ManagersArihant Capital Markets Ltd.Socradamus Capital Pvt.Ltd.
RegistrarSkyline Financial Services Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerNNM Securities Pvt.Ltd.Gretex Share Broking Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Balaji Phosphates IPO is up to ₹47.60 Cr whereas the issue size of the Kaytex Fabrics IPO is up to ₹66.31 Cr. The final issue price of Balaji Phosphates IPO is ₹70.00 per share and of Kaytex Fabrics IPO is ₹180.00 per share.

 Balaji Phosphates IPOKaytex Fabrics IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹66.00 per share₹171.00 per share
Issue Price (Upper)₹70.00 per share₹180.00 per share
Issue Price (Final)₹70.00 per share₹180.00 per share
Discount (Retail)₹0.00 per share
Discount (Employee)
Market Lot Size2000 shares800 shares
Fresh Issue Size55,82,000 shares30,04,800 shares
Fresh Issue Size (Amount)up to ₹39.07 Crup to ₹54.09 Cr
OFS Issue Size12,18,000 shares6,79,200 shares
OFS Issue Size (Amount)up to ₹8.53 Crup to ₹12.23 Cr
Issue Size Total68,00,000 shares36,84,000 shares
Issue Size Total (Amount)up to ₹47.60 Crup to ₹66.31 Cr

IPO Timetable

Balaji Phosphates IPO opens on Feb 28, 2025, while Kaytex Fabrics IPO opens on Jul 29, 2025. The closing date of Balaji Phosphates IPO and Kaytex Fabrics IPO is Mar 04, 2025, and Jul 31, 2025, respectively.

 Balaji Phosphates IPOKaytex Fabrics IPO
Anchor Bid DateFeb 27, 2025Jul 28, 2025
Issue OpenFeb 28, 2025Jul 29, 2025
Issue CloseMar 04, 2025Jul 31, 2025
Basis Of Allotment (Tentative)Mar 05, 2025Aug 01, 2025
Initiation of Refunds (Tentative)Mar 06, 2025Aug 04, 2025
Credit of Share (Tentative)Mar 06, 2025Aug 04, 2025
Listing date (Tentative)Mar 07, 2025Aug 05, 2025
Anchor Lockin End date 1Apr 04, 2025Aug 31, 2025
Anchor Lockin End date 2Jun 03, 2025Oct 30, 2025

Financials & KPIs

Balaji Phosphates IPO P/E ratio is 20.67, as compared to Kaytex Fabrics IPO P/E ratio of 12.25.

 Balaji Phosphates IPOKaytex Fabrics IPO
Financials

Balaji Phosphates Limited Financial Information (Restated Consolidated)

Period Ended31 Aug 202431 Mar 202431 Mar 202331 Mar 2022
Assets95.2888.4896.8382.35
Total Income54.85151.68144.64124.12
Profit After Tax4.156.046.093.19
Net Worth39.153528.9722.86
Reserves and Surplus21.3117.1720.0516.92
Total Borrowing35.5833.2226.3219.88
Amount in ₹ Crore

Kaytex Fabrics Ltd. Financial Information (Restated)

Kaytex Fabrics Ltd.'s revenue increased by 23% and profit after tax (PAT) rose by 49% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets125.2795.9272.98
Total Income153.22125.0399.34
Profit After Tax16.9011.315.59
EBITDA30.0622.4312.79
Net Worth50.0733.5521.14
Reserves and Surplus38.5733.0520.64
Total Borrowing38.1535.5127.01
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100100.00
Promoter Shareholding (Post-Issue)69.9078.23
P/E Ratio20.6712.25
Market Cap₹166.44 Cr.₹264.59 Cr.
ROE18.89%40.43%
ROCE16.7%33.25%
Debt/Equity0.950.76
EPS₹3.39₹14.70
RoNW17.26%33.76%

Shares Offered

In the Balaji Phosphates IPO Retail Individual Investors (RII) are offered 27,20,000 shares while in Kaytex Fabrics IPO retail investors are offered 27,20,000 shares. Qualified Institutional Buyers (QIB) are offered 14,68,000 shares in Balaji Phosphates IPO and 6,22,400 shares in Kaytex Fabrics IPO.

 Balaji Phosphates IPOKaytex Fabrics IPO
Anchor Investor Reserveration5,72,000 shares9,32,800 shares
Market Maker Reserveration3,58,000 shares1,94,400 shares
QIB14,68,000 shares6,22,400 shares
NII20,40,000 shares8,08,800 shares
RII27,20,000 shares13,20,000 shares
Employee0 shares0 shares
Others
Total68,00,000 shares36,84,000 shares

Bids Received (Subscription)

Balaji Phosphates IPO subscribed 1.21x in total, whereas Kaytex Fabrics IPO subscribed 42.70x.

 Balaji Phosphates IPOKaytex Fabrics IPO
QIB (times)1.26x31.16x
NII (times)1.34x43.19x
Big NII (times)33.93x
Small NII (times)37.97x
RII (times)1.09x47.85x
Employee (times)
Other (times)
Total (times)1.21x42.70x