Balaji Phosphates IPO
Balaji Phosphates is an NSE SME IPO listed on the NSE SME platform, priced at ₹66–₹70 per share. The stock debuted at ₹75, delivering a listing gain of 7.1%. The IPO had a lot size of ₹2000 shares and a minimum investment of ₹1,40,000.
Balaji Phosphates Limited IPO
- IPO Dates
- Feb 28, 2025 – Mar 4, 2025
- Price band
- ₹66-70 per equity share
- Minimum Investment
- ₹1,40,000
- Issue size
- ₹50.11 Cr
- Lot size
- 2000
- Allotment Date
- Mar 5, 2025
- Listing
- Mar 7, 2025
- Listing At
- NSE SME
IPO timeline
-
Feb 28, 2025
Open Date
Completed
-
Mar 4, 2025
Close Date
Completed
-
Mar 5, 2025
Allotment Date
Completed
-
Mar 7, 2025
Listing Date
Completed
Balaji Phosphates IPO Essentials
Balaji Phosphates IPO Details
Balaji Phosphates IPO is priced at ₹66-70 per share with a total issue size of 50.11 crore. The IPO has a lot size of 2000 shares and is listed on NSE SME.
- Issue price
- ₹66-70 per equity share
- Lot size
- 2000 shares
- Face value
- ₹10 Per Equity Share
- Issue size
- 71,58,000 shares(aggregating up to ₹50.11 Cr)
- Total issue size
- 71,58,000 shares
(aggregating up to ₹50.11 crore) - Fresh issue
- 59,40,000 shares
(aggregating up to ₹41.58 crore) - Offer for sale (OFS)
- 12,18,000 shares
(aggregating up to ₹8.53 crore) - Listing at
- NSE SME
- List price
- 75.0
- Listing date
- Registrar
- Skyline Financial Services Private Ltd
- Lead manager
-
Arihant Capital Markets Ltd
Market Lot Size
Investors can bid for a minimum of 2000 shares and in multiples thereof. The following 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 |
| NII (min) | 2 | 4,000 | ₹2,80,000 |
Balaji Phosphates IPO Reservation
Balaji Phosphates IPO reservation details show category-wise allocation of shares. Out of the total 71,58,000 shares, approximately 20.51% are reserved for QIB, 28.5% for NII, 38% for retail investors, 5% for market maker, and 7.99% for anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| 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 Analytics
Balaji Phosphates IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Balaji Phosphates IPO Subscription Status
Balaji Phosphates IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| 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 Valuations
Earnings
- EPS Pre IPO
- ₹3.39/-
- EPS Post IPO
- ₹4.19/-
- P/E Pre IPO
- 20.67
- P/E Post IPO
- 16.72
Returns
- ROE
- 18.89%
- ROCE
- 16.70%
- RoNW
- 17.26%
- PAT Margin
- 4.00
Fundamentals
- Debt / Equity
- 0.95
- Price / Book
- 3.57
Balaji Phosphates Financials( In Crs.)
| 31-Aug-24 | 31-Mar-24 | 31-Mar-23 | 31-Mar-22 | |
|---|---|---|---|---|
| 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 | 35.0 | 28.97 | 22.86 |
| Reserves & Surplus | 21.31 | 17.17 | 20.05 | 16.92 |
| Total Borrowing | 35.58 | 33.22 | 26.32 | 19.88 |
Balaji Phosphates Company & Offer Insights
About Balaji Phosphates
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 Promoter(s)
Mr. Alok Gupta, Mr. Mohit Airen are the company's promoters of Balaji Phosphates.
Balaji Phosphates IPO Issue Objectives
- •
- To meet the capital expenditure requirements
- •
- To meet the working capital requirements
- •
- General corporate purposes
Balaji Phosphates IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Balaji Phosphates Limited | 3.39 | 3.39 | N/A | N/A | 17.26 | N/A | Consolidated |
| Coromandel International Ltd. | 55.75 | 55.81 | N/A | 30.57 | 18.9 | N/A | Consolidated |
| Paradeep Phosphates Limited | 1.22 | 1.22 | N/A | 77.23 | 3.28 | N/A | Consolidated |
| Rama Phosphates Ltd. | -17.56 | -17.56 | N/A | N/A | -9.39 | N/A | Consolidated |
Notes:
- The P/E Ratio has been computed based on the closing market price of equity shares on NSE/BSE as of February 18, 2025, divided by the Diluted EPS.
- Return on Net Worth (%) is calculated as net profit after tax divided by total equity as of year-end.
- Considering the nature, range of products/services, turnover, and size of the company's business, the peers are not strictly comparable. However, they have been included for broad comparison.
Contact Information
Contact Details
Balaji Phosphates
+919827090267
https://www.balajiphosphates.com/
305, Utsav Avenue, 12/5, Usha Ganj Jaora Compound, Indore G.P.O., Indore- 452001
Registrar Contact Details
Skyline Financial Services Private Ltd
02228511022
Frequently Asked Questions
Click any question to reveal the answer
Balaji Phosphates IPO is a book-built IPO worth ₹50.11 crore. The price band is ₹66–₹70 per share. The IPO opens on Feb 28, 2025 and closes on Mar 4, 2025. It will be listed on NSE SME Platform. Skyline Financial Services Private Ltd is the registrar.
The price band of Balaji Phosphates IPO is ₹66 to ₹70 per share.
The lot size of Balaji Phosphates IPO is 2000 shares.
The minimum investment for Balaji Phosphates IPO is approximately ₹1,40,000 based on the upper price band .
Balaji Phosphates IPO opens on Feb 28, 2025 and closes on Mar 4, 2025.
The allotment date of Balaji Phosphates IPO is Mar 5, 2025.
Balaji Phosphates IPO is expected to be listed on Mar 7, 2025, on NSE SME Platform.
Balaji Phosphates IPO valuation snapshot: P/E 16.72, EPS ₹4.19/-, P/B 3.57, RoNW 17.26%, and market cap N/A.
To apply for Balaji Phosphates IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Balaji Phosphates IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Balaji Phosphates IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Balaji Phosphates IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Balaji Phosphates IPO allotment status on IPO Ji for quick and easy access.