Balaji Phosphates Limited IPO (Balaji Phosphates IPO) Detail
Balaji Phosphates IPO is a book built issue of Rs 50.11 crores. The issue is a combination of fresh issue of 59.40 lakh shares aggregating to Rs 41.58 crores and offer for sale of 12.18 lakh shares aggregating to Rs 8.53 crores.
Balaji Phosphates IPO bidding opened for subscription on February 28, 2025 and will close on March 4, 2025. The allotment for the Balaji Phosphates IPO is expected to be finalized on Wednesday, March 5, 2025. Balaji Phosphates IPO will be list on NSE SME with a tentative listing date fixed as Friday, March 7, 2025.
Balaji Phosphates IPO price band is set at ₹66 to ₹70 per share. The minimum lot size for an application is 2000. The minimum amount of investment required by retail investors is ₹1,32,000. But it is suggested to the investor to bid at the cutoff price to avoid the oversubscription senerio, which is about to ₹1,40,000.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 of the Balaji Phosphates IPO, while Skyline Financial Services Private Ltd is the registrar for the issue.The market maker for Balaji Phosphates IPO is Nnm Securities Private Limited.
Refer to Balaji Phosphates IPO RHP for detailed information.
Balaji Phosphates IPO Details
| IPO Date | February 28, 2025 to March 4, 2025 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price Band | ₹66 to ₹70 per share |
| Lot Size | 2,000 Shares |
| Total Issue Size | 71,58,000 shares (aggregating up to ₹50.11 Cr) |
| Fresh Issue | 59,40,000 shares (aggregating up to ₹41.58 Cr) |
| Offer for Sale | 12,18,000 shares of ₹10 (aggregating up to ₹8.53 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,78,37,100 shares |
| Share Holding Post Issue | 2,37,77,100 shares |
| Market Maker Portion | 3,58,000 shares Nnm Securities Private Limited |
Balaji Phosphates IPO Reservation
Balaji Phosphates IPO offers total 71,58,000 shares. Out of which 14,68,000 (20.51%) allocated to QIB, 20,40,000 (28.5%) allocated to NII, 27,20,000 (38%) allocated to RII and 5,72,000 (7.99%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 5,72,000 (7.99%) |
| Market Maker Shares Offered | 3,58,000 (5%) |
| QIB Shares Offered | 14,68,000 (20.51%) |
| NII (HNI) Shares Offered | 20,40,000 (28.5%) |
| Retail Shares Offered | 27,20,000 (38%) |
| Total Shares Offered | 71,58,000 (100%) |
Balaji Phosphates IPO Anchor Investors Details
Balaji Phosphates IPO raises Rs 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 Timeline (Tentative Schedule)
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 March 4, 2025 |
Balaji Phosphates IPO Lot Size
Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹1,40,000 |
| Retail (Max) | 1 | 2000 | ₹1,40,000 |
| HNI (Min) | 2 | 4,000 | ₹2,80,000 |
| Lot Size Calculator | |||
Balaji Phosphates IPO Promoter Holding
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue | 69.90% |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue – Share Holding Post Issue
About Balaji Phosphates Limited
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
- 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 Financials
Balaji Phosphates Limited Financial Information (Restated Consolidated)
| Period Ended | 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 |
| Reserves and Surplus | 21.31 | 17.17 | 20.05 | 16.92 |
| Total Borrowing | 35.58 | 33.22 | 26.32 | 19.88 |
| Amount in ₹ Crore | ||||
Key Performance Indicator (KPI)
The market capitalization of Balaji Phosphates IPO is Rs 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 Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of August 31, 2024 that is available in RHP.
Objects of the Issue (Balaji Phosphates IPO Objectives)
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 IPO Review May apply
[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…
Balaji Phosphates IPO Subscription Status (Bidding Detail)
The Balaji Phosphates IPO is subscribed 0.19 times on February 28, 2025 6:54:59 PM (Day 1). The public issue subscribed 0.22 times in the retail category, 0 times in the QIB category, and 0.27 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| QIB | 0 | 14,68,000 | 0 | 0 |
| NII* | 0.27 | 20,40,000 | 5,48,000 | 27 |
| Retail | 0.22 | 27,20,000 | 6,10,000 | 305 |
| Total | 0.19 | 62,28,000 | 11,58,000 | 332 |
Total Application : 332
*Market Maker portion is not included to NII/HNI.
Balaji Phosphates IPO Prospectus
Balaji Phosphates Limited Contact Details
Balaji Phosphates Limited
305, Utsav Avenue, 12/5
Usha Ganj Jaora Compound,
Indore G.P.O., Indore- 452001
Phone: +919827090267
Email: balajiphosphate@gmail.com
Website: https://www.balajiphosphates.com/2
Balaji Phosphates IPO Registrar
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
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