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Balaji Phosphates Limited IPO Details – Price, Date, GMP & Analysis
Listed
SME
Price Range:
Rs.70.00
Issue Size:
Rs.50.11 Cr
Lot Size:
2 shares
Open Date:
February 28
Balaji Phosphates Limited IPO Overview
Bidding Dates
February 28 - March 4
Min Investment
₹140
Price Range
₹70.00
Issue Size
₹50.11 Cr
IPO DRHP Doc
Company Overview
Balaji Phosphates Limited, established in 1996, produces Single Super Phosphate (SSP), NPK Granulated and Mixed Fertilizers, and Zinc Sulphate, adhering to India's Fertilizer Control Order standards. The company markets its products under the brands ‘RATNAM’ and ‘BPPL’ to retailers, wholesalers, and cooperatives, targeting farmers as end users. Its product range includes phosphate fertilizers that enhance agricultural soil growth. The company operates in Madhya Pradesh, Chhattisgarh, Maharashtra, Andhra Pradesh, and Telangana, with a manufacturing unit in Dewas, Madhya Pradesh, having a capacity of 120,000 MT for SSP, 3,300 MT for Zinc Sulphate, and 49,500 MT for NPK Granulated & Mix. As of August 31, 2024, Balaji Phosphates employs 40 individuals across various roles.
IPO Timeline
Opens
Feb 28
Closes
Mar 4
Allotment
Mar 5
Refunds
Mar 6
Shares Credit
Mar 6
Listing
Mar 7
Opens
Feb 28
Closes
Mar 4
Allotment
Mar 5
Refunds
Mar 6
Shares Credit
Mar 6
Listing
Mar 7
Latest Subscription Data
| Category | Subscription | Status |
|---|---|---|
| QIB (Qualified Institutional Buyers) | 0.00x | Undersubscribed |
| NII (Non-Institutional Investors/HNI) | 0.27x | Undersubscribed |
| RII (Retail Individual Investors) | 0.22x | Undersubscribed |
| Total Subscription | 0.19x | Undersubscribed |
Last updated: Feb 28, 2025, 06:56 PM
Current GMP:
No Premium
Est. Listing:
Rs.70
Est. Gain:
0%
Star Rating:
★★★★★(1/5)
Financial Information
Financial Data Table
Detailed breakdown of financial metrics across years
| Financial Metric | 2024 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Assets | ₹88.48 Cr | ₹88.48 Cr | ₹96.83 Cr | ₹82.35 Cr |
| Net Worth | ₹35 Cr | ₹35 Cr | ₹28.97 Cr | ₹22.86 Cr |
| Profit After Tax | ₹6.04 Cr | ₹6.04 Cr | ₹6.09 Cr | ₹3.19 Cr |
| Reserves and Surplus | ₹17.17 Cr | ₹17.17 Cr | ₹20.05 Cr | ₹16.92 Cr |
| Revenue | ₹151.68 Cr | ₹151.68 Cr | ₹144.64 Cr | ₹124.12 Cr |
| Total Borrowing | ₹33.22 Cr | ₹33.22 Cr | ₹26.32 Cr | ₹19.88 Cr |
Financial data is visualized in the chart above
Strengths & Risks Analysis
Key Strengths
Competitive advantages and positive aspects
- Experience in the fertilizer industry with established manufacturing capabilities and dealer relationships.
- Presence in Madhya Pradesh, Chhattisgarh, Maharashtra, Andhra Pradesh, and Telangana.
- Factory located in Dewas, Madhya Pradesh, reducing freight costs and improving efficiency.
- Management team with experience in business management and industry knowledge.
- In-house testing laboratory for ensuring product quality and compliance with standards.
IPO Details
Balaji Phosphates IPO Details
| Face Value | ₹10 per share |
| Fresh Issue | 59,40,000 shares (aggregating up to ₹41.58 Cr) |
| IPO Date | February 28, 2025 to March 4, 2025 |
| Issue Price | ₹70 per share |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Listing Date | March 7, 2025 |
| Lot Size | 2,000 Shares |
| Offer for Sale | 12,18,000 shares of ₹10 (aggregating up to ₹8.53 Cr) |
| Share Holding Post Issue | 2,37,77,100 shares |
| Share Holding Pre Issue | 1,78,37,100 shares |
| Total Issue Size | 71,58,000 shares (aggregating up to ₹50.11 Cr) |
Balaji Phosphates IPO Reservation
Share Reservation Distribution
Retail
2,720,000 shares (38%)
HNI (NII)
2,040,000 shares (28.5%)
QIB
1,468,000 shares (20.51%)
Anchor Investors
572,000 shares (7.99%)
Market Maker
358,000 shares (5%)
Balaji Phosphates IPO Promoter Holding
| Share Holding Post Issue | 69.90% |
| Share Holding Pre Issue | 100% |
Balaji Phosphates IPO Listing Details
| ₹70 per share |
| BALAJIPHOS |
| INE0PQ601019 |
| March 7, 2025 |
Listing Day Trading Information
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹70.00 |
| High | ₹78.00 |
| Last Trade | ₹74.35 |
| Low | ₹73.50 |
| Open | ₹75.00 |
Key Dates
Open Date:February 28
Close Date:March 4
Listing Date:March 7
