IPO

Balaji Phosphates Limited IPO

NSE SME

Listed On: Mar 7, 2025 at ₹ 75.0

₹ 280000 /4000 Shares
*Min Investment

Check Allotment

28 Feb, 2025

Open Date

04 Mar, 2025

Close Date

05 Mar, 2025

Allotment Date

07 Mar, 2025

Listing Date
Balaji Phosphates IPO Issue Details
  • Issue Price ₹66-70 per equity share
  • Face Value ₹10 Per Equity Share
  • Total Issue Size 71,58,000 shares(aggregating up to ₹50.11 crore)
  • Fresh Share 59,40,000 shares(aggregating up to ₹41.58 crore)
  • Offer For Sale 12,18,000 shares(aggregating up to ₹8.53 crore)
  • Listing at NSE SME
  • List Price 75.0
  • Listing Date 2025-03-07
  • Lead Manager Arihant Capital Markets Ltd
  • Registrar Skyline Financial Services Private 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.

ApplicationLotsSharesAmount
Retail (min)12000₹1,40,000
Retail(max)12000₹1,40,000
NII (min) 24,000₹2,80,000
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, NA (NA%) allocated to employees and 5,72,000 (7.99%) allocated to Anchor investors.

Investor CategoryShares OfferedMaximum Allottees
Anchor Investor Shares Offered5,72,000 (7.99%)
Market Maker Shares Offered3,58,000 (5%)
QIB Shares Offered14,68,000 (20.51%)
NII (HNI) Shares Offered20,40,000 (28.5%)
Retail Shares Offered27,20,000 (38%)
Total Shares Offered71,58,000 (100%)
Balaji Phosphates IPO Documents
DRHP
RHP
Balaji Phosphates IPO Details


Balaji Phosphates Limited IPO is an SME IPO, priced at ₹66-70 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 71,58,000 equity shares, aggregating up to ₹50.11 crores..

The IPO bidding window is open from Feb 28, 2025 to Mar 4, 2025. The allotment is expected to be finalized on Mar 5, 2025, and the tentative listing date is Mar 7, 2025.

The minimum lot size for Retail investors is 2000 shares, with a minimum investment of ₹1,40,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,80,000.

Arihant Capital Markets Ltd is acting as the lead manager to the issue. The registrar of the IPO is Skyline Financial Services Private Ltd, and Nnm Securities Private Limited will act as the market maker for this issue.

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Balaji Phosphates IPO Subscription Analysis And Details
Retail
1.09x
Total
1.21x
As onQIB / NIIRetailTotal
Shares Offered / Reserved14,68,000 / 20,40,00027,20,00062,28,000
Day 1 28-02-25 06:00 PM
0.00 / 0.27 x0.22 x0.19 x
Day 2 03-03-25 06:00 PM
0.00 / 0.98 x0.56 x0.57 x
Day 3 04-03-25 06:00 PM
1.26 / 1.34 x1.09 x1.21 x
Total No of Applications
1,610
Balaji Phosphates Valuations
EPS Pre IPO ₹3.39/-
EPS Post IPO ₹4.19/-
P/E Pre IPO 20.67
P/E 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
Balaji Phosphates Company Financials
In Crs.
In Cr.
31-Aug-2431-Mar-2431-Mar-2331-Mar-22
Assets95.2888.4896.8382.35
Revenue54.85151.68144.64124.12
Profit After Tax4.156.046.093.19
Net Worth39.1535.028.9722.86
Reserves & Surplus21.3117.1720.0516.92
Total Borrowing35.5833.2226.3219.88
About Balaji Phosphates 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.

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Balaji Phosphates - Promoter(s)

Mr. Alok Gupta

Mr. Mohit Airen

Pre Issue Share Holding : 100%

Post Issue Share Holding : 69.90%

Balaji Phosphates IPO - Issue Objectives
1

To meet the capital expenditure requirements

2

To meet the working capital requirements

3

General corporate purposes

Balaji Phosphates IPO - Peers Comparison
Company NameEPS (Basic)EPS (Diluted)NAV (per share) (Rs)P/E (x)RoNW (%)P/BV RatioFinancial statements
Balaji Phosphates Limited3.393.39N/AN/A17.26N/AConsolidated
Coromandel International Ltd.55.7555.81N/A30.5718.9N/AConsolidated
Paradeep Phosphates Limited1.221.22N/A77.233.28N/AConsolidated
Rama Phosphates Ltd.-17.56-17.56N/AN/A-9.39N/AConsolidated

Notes:

  1. 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.
  2. Return on Net Worth (%) is calculated as net profit after tax divided by total equity as of year-end.
  3. 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 Details

Balaji Phosphates

305, Utsav Avenue, 12/5, Usha Ganj Jaora Compound, Indore G.P.O., Indore- 452001

+919827090267

balajiphosphate@gmail.com

https://www.balajiphosphates.com/

Registrar Contact Details

Skyline Financial Services Private Ltd

02228511022

ipo@skylinerta.com

https://www.skylinerta.com/ipo.php