Balaji Phosphates Limited IPO Details – Price, Date, GMP & Analysis
Balaji Phosphates Limited IPO Overview
Key IPO Details
Investment Summary
The Balaji Phosphates Limited IPO IPO is a sme offering scheduled to open on February 28. The issue is priced at ₹70 per share, with a minimum application of 2000 shares.
Status: Listed and trading
How to Apply for Balaji Phosphates Limited IPO
To apply for the Balaji Phosphates Limited IPO, you need a demat account with any SEBI-registered broker, PAN card, and UPI or bank account for payment.
Application Process
- Log into your broker's platform or app
- Navigate to IPO section and select Balaji Phosphates Limited IPO
- Enter bid quantity (minimum 2000 shares)
- Choose cut-off price or enter specific price
- Make payment via UPI or ASBA
- Submit application before March 4
Required Documents
- Active demat account
- PAN card
- Bank account linked to demat
- UPI ID for payment
- Valid mobile number and email
Minimum Investment: ₹140,000(approx. based on lower price band)
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.
Grey Market Premium (GMP)
IPO Timeline
Open Date
Fri, Feb 28, 2025
CompletedClose Date
Tue, Mar 4, 2025
CompletedAllotment
Wed, Mar 5, 2025
CompletedRefund Process
Thu, Mar 6, 2025
CompletedCredit to Demat
Thu, Mar 6, 2025
CompletedListing Date
Fri, Mar 7, 2025
CompletedSubscription Status
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: Invalid Date
IPO Details
Balaji Phosphates IPO Details
| IPO Date | February 28, 2025 to March 4, 2025 |
| Listing Date | March 7, 2025 |
| Face Value | ₹10 per share |
| Issue Price | ₹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 | 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 Reservation
| 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 Timeline (Tentative Schedule)
| 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
| 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 |
Balaji Phosphates IPO Promoter Holding
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue | 69.90% |
Balaji Phosphates IPO Listing Details
| March 7, 2025 |
| BALAJIPHOS |
| INE0PQ601019 |
| ₹70 per share |
Listing Day Trading Information
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹70.00 |
| Open | ₹75.00 |
| Low | ₹73.50 |
| High | ₹78.00 |
| Last Trade | ₹74.35 |
Financial Information
Company FinancialsBalaji 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 |
Key Dates
Balaji Phosphates Limited IPO IPO Review & Analysis
Should I Apply for Balaji Phosphates Limited IPO?
The Balaji Phosphates Limited IPO decision depends on your risk tolerance, investment goals, and analysis of company fundamentals. Consider factors like business model, financial performance, industry prospects, and valuation before applying.
Key Positives
- • SME listing provides credibility
- • Issue size of ₹50.11 Cr indicates scale
- • Regulated by SEBI guidelines
Key Considerations
- • Analyze company financials thoroughly
- • Check Grey Market Premium trends
- • Consider market conditions
Balaji Phosphates Limited IPO Allotment Details
Allotment Timeline
How to Check Allotment
- • Visit registrar's official website
- • Enter PAN or application number
- • Check through broker's platform
- • Use our universal allotment tracker
Tip: Balaji Phosphates Limited IPO IPO allotment status will be available approximately 2-3 days after the issue closes. Successful applicants will receive shares in their demat account before listing.