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Balaji Phosphates IPO is a book build issue of ₹50.11 crores. The issue is a combination of fresh issue of 0.59 crore shares aggregating to ₹41.58 crores and offer for sale of 0.12 crore shares aggregating to ₹8.53 crores.
Balaji Phosphates IPO bidding started from Feb 28, 2025 and ended on Mar 4, 2025. The allotment for Balaji Phosphates IPO was finalized on Mar 5, 2025. The shares got listed on NSE SME on Mar 7, 2025.
Balaji Phosphates IPO price band is set at ₹70.00 per share . The lot size for an application is 2,000. The minimum amount of investment required by an retail is ₹1,40,000 (2000 shares) (based on upper price). The minimum lot size investment for HNI is 2 lots (4,000 shares), amounting to ₹2,80,000.
Arihant Capital Markets Ltd. is the book running lead manager and Skyline Financial Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is NNM Securities Pvt.Ltd..
Refer to Balaji Phosphates IPO RHP for detailed Information.
| IPO Date | February 28, 2025 to March 4, 2025 |
| Listing Date | March 7, 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹66 to ₹70 per share |
| Issue Price Final | ₹70 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 71,58,000 shares (aggregating up to ₹50.11 Cr) |
| Reserved for Market Maker | 3,58,000 shares NNM Securities Pvt.Ltd. (aggregating up to ₹2.51 Cr) |
| Fresh Issue (Ex Market Maker) | 55,82,000 shares (aggregating up to ₹39.07 Cr) |
| Offer for Sale | 12,18,000 shares of ₹10 (aggregating up to ₹8.53 Cr) |
| Net Offered to Public | 68,00,000 shares (aggregating up to ₹47.60 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,78,37,100 shares |
| Share Holding Post Issue | 2,37,77,100 shares |
Balaji Phosphates IPO offers total 71,58,000 shares. Out of which 20,40,000 (28.50%) allocated to QIB, 14,68,000 (20.51%) allocated to QIB (Ex- Anchor), 20,40,000 (28.50%) allocated to NII, 27,20,000 (38.00%) allocated to RII and 5,72,000 (7.99%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 3,58,000 (5.00%) |
| QIB Shares Offered | 20,40,000 (28.50%) |
| − Anchor Investor Shares Offered | 5,72,000 (7.99%) |
| − QIB (Ex. Anchor) Shares Offered | 14,68,000 (20.51%) |
| NII (HNI) Shares Offered | 20,40,000 (28.50%) |
| Retail Shares Offered | 27,20,000 (38.00%) |
| Total Shares Offered | 71,58,000 (100.00%) |
Balaji Phosphates IPO raises ₹4.00 crore from anchor investors. Balaji Phosphates IPO Anchor bid date is February 27, 2025. Balaji Phosphates IPO Anchor Investors list
| Bid Date | February 27, 2025 |
| Shares Offered | 5,72,000 |
| Anchor Portion Size (In Cr.) | 4.00 |
| Anchor lock-in period end date for 50% shares (30 Days) | April 4, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | June 3, 2025 |
Balaji Phosphates IPO opens on February 28, 2025, and closes on March 4, 2025.
| IPO Open Date | Fri, Feb 28, 2025 |
| IPO Close Date | Tue, Mar 4, 2025 |
| Tentative Allotment | Wed, Mar 5, 2025 |
| Initiation of Refunds | Thu, Mar 6, 2025 |
| Credit of Shares to Demat | Thu, Mar 6, 2025 |
| Tentative Listing Date | Fri, Mar 7, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Mar 4, 2025 |
Investors can bid for a minimum of 2,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
Competitive Strength
| Period Ended | 31 Aug 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 95.28 | 88.48 | 96.83 | 82.35 |
| Total Income | 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 |
| Reserves and Surplus | 21.31 | 17.17 | 20.05 | 16.92 |
| Total Borrowing | 35.58 | 33.22 | 26.32 | 19.88 |
| Amount in ₹ Crore | ||||
The market capitalization of Balaji Phosphates IPO is ₹166.44 Cr.
KPI as of Sun, Mar 31, 2024.
| 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 |
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:
[Dilip Davda] BPL is engaged in the manufacturing and supplying of SSP and related fertilizer products. The company marked growth in its top lines for the reported periods. The boosted bottom lines from FY23 onwards raises eyebrows and concern over its sustainability. It is operating in a highly competitive and fragmented segment. Based on its recent financial performance, the issue appears aggressively priced. Well-informed investors may park moderate funds for medium to long term. Read detail review...
| Listing Date | March 7, 2025 |
| BSE Script Code | |
| NSE Symbol | BALAJIPHOS |
| ISIN | INE0PQ601019 |
| Final Issue Price | ₹70 per share |
| NSE Listing Group | SM (Rolling) |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹70.00 |
| Open | ₹75.00 |
| Low | ₹73.50 |
| High | ₹78.00 |
| Last Trade | ₹74.35 |
Balaji Phosphates Ltd.
305, Utsav Avenue, 12/5
Usha Ganj Jaora Compound,
Indore G.P.O.
Indore, Madhya Pradesh, 452001
Phone: +919827090267
Email: balajiphosphate@gmail.com
Website: https://www.balajiphosphates.com/2
Skyline Financial Services Pvt.Ltd.
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
Balaji Phosphates IPO is a SME IPO of 71,58,000 equity shares of the face value of ₹10 aggregating up to ₹50.11 Crores. The issue is priced at ₹70 per share. The minimum order quantity is 2000.
The IPO opens on February 28, 2025, and closes on March 4, 2025.
Skyline Financial Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Balaji Phosphates IPO using UPI as a payment gateway. Zerodha customers can apply in Balaji Phosphates IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Balaji Phosphates IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Balaji Phosphates IPO opens on February 28, 2025 and closes on March 4, 2025.
Balaji Phosphates IPO lot size is 2000, and the minimum amount required for application is ₹1,40,000.
You can apply in Balaji Phosphates IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Balaji Phosphates IPO will be done on Wednesday, March 5, 2025, and the allotted shares will be credited to your demat account by Thursday, March 6, 2025. Check the Balaji Phosphates IPO allotment status.
The Balaji Phosphates IPO listing date is on Friday, March 7, 2025.
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