Balaji Phosphates
NSE SME₹140,000 / 2000 Shares
IPO Live Subscription Details (times)
IPO Details
Balaji Phosphates IPO is priced between ₹66-70 per equity share, with a face value of ₹10 per share. The company's equity shares will be listed on the NSE SME, and Skyline Financial Services Private Ltd is managing the issue as the registrar.
The IPO bidding period opened on 28 Feb, 2025, and closed on 4 Mar, 2025. The allotment results will be announced on 5 Mar, 2025, with a tentative listing date set for 7 Mar, 2025.
The total issue comprises 71,58,000 shares, amounting to ₹50.11 Cr.
Balaji Phosphates IPO Highlights
| IPO Date | Listing Date | Face Value | Price Band | Lot Size | Fresh Issue | Offer for Sale | Listing At |
|---|---|---|---|---|---|---|---|
| Feb 28, 2025 - Mar 4, 2025 | 7 Mar, 2025 | ₹10 Per Equity Share | ₹66-70 per equity share | - | Shares | - | NSE SME |
Balaji Phosphates IPO Timeline
Issue Price
₹66-70 per equity shareFace Value
₹10 Per Equity ShareListing at Group
NSE SMERegistrar
Skyline Financial Services Private LtdMarket Lot
2000 Shares (₹140,000/-)Lead Manager
Arihant Capital Markets LtdIssue Size
71,58,000 shares(aggregating up to ₹50.11 Cr)Retail Portion
40%Subscription
1.21 timesBalaji Phosphates IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31 Aug 24 | 95.28 | 54.85 | 4.15 | 39.15 | 21.31 | 35.58 |
| 31 Mar 24 | 88.48 | 151.68 | 6.04 | 35.0 | 17.17 | 33.22 |
| 31 Mar 23 | 96.83 | 144.64 | 6.09 | 28.97 | 20.05 | 26.32 |
| 31 Mar 22 | 82.35 | 124.12 | 3.19 | 22.86 | 16.92 | 19.88 |
All values are in ₹ Cr.
Balaji Phosphates IPO Valuations
EPS PRE IPO ₹3.39/- | EPS POST IPO ₹4.19/- | PE PRE IPO 20.67 | PE POST IPO 16.72 | ROE 18.89% |
ROCE 16.70% | DEBT EQUITY 0.95 | RONW 17.26% | PAT MARGIN 4.00 | PRICE TO BOOK VALUE 3.57 |
About Company
Balaji Phosphates Limited was incorporated in 1996 and manufactures SSP, NPK Granulated and Mixed Fertilizers, and Zinc Sulphate conforming to Indian standards as laid down in the Fertilizer Control Order.
The company sells products under two brands, namely RATNAM and BPPL, to retail and wholesale dealers, cooperatives, with the farmers being the end-users.
The products manufactured promote plant growth in agricultural soils, including Phosphate fertilizers: SSP, zinc sulfate, and NPK Mix.
The company sells its products in Madhya Pradesh, Chhattisgarh, Maharashtra, Andhra Pradesh, and Telangana.
The company has its manufacturing unit located in Dewas, Madhya Pradesh An operational capacity of its manufacturing unit is; Single Super Phosphate-120,000 MT/year, Zinc Sulphate-3,300 MT/year, NPK Granulated & Mix-49,500 MT/year as on March 31, 2024.
As of August 31, 2024, the company has a total staff strength of 40, which includes skilled and unskilled laborers, administrators, managers, and operation teams.
Balaji Phosphates IPO Subscription Details
| As on | QIB/NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 14,68,000 / 20,40,000 | 27,20,000 | 62,28,000 |
| Day 1 - 28-02-25 06:00 PM | 0.00 / 0.27 x | 0.22 x | 0.19 x |
| Day 2 - 03-03-25 06:00 PM | 0.00 / 0.98 x | 0.56 x | 0.57 x |
| Day 3 - 04-03-25 06:00 PM | 1.26 / 1.34 x | 1.09 x | 1.21 x |
Balaji Phosphates IPO - Issue Objectives
- To meet the capital expenditure requirements
- To meet the working capital requirements
- General corporate purposes
Balaji Phosphates
305, Utsav Avenue, 12/5, Usha Ganj Jaora Compound, Indore G.P.O., Indore- 452001Skyline Financial Services Private Ltd