Balaji Phosphates IPO Allotment Status

Summary

Balaji Phosphates Limited, established in 1996, has built a strong presence in the fertilizer industry, manufacturing and supplying Single Super Phosphate (SSP), NPK Granulated and Mixed Fertilizers, and Zinc Sulphate. Operating from their strategically located manufacturing facility in Dewas, Madhya Pradesh, the company markets products under the brands 'RATNAM' and 'BPPL' across five states: Madhya Pradesh, Chhattisgarh, Maharashtra, Andhra Pradesh, and Telangana. With production capacities of 120,000 MT per year for SSP, 3,300 MT for Zinc Sulphate, and 49,500 MT for NPK fertilizers, they support agricultural growth with a team of 40 employees as of August 2024.

Balaji Phosphates IPO comes with a total issue size of ₹50.11 crore, comprising a fresh issue of ₹41.58 crore and an offer for sale of ₹8.53 crore. The IPO opened on February 28, 2025, and closed on March 4, 2025. The allotment date for the Balaji Phosphates IPO is expected to be finalized on Wednesday, March 5, 2025.
 

Steps to Check Balaji Phosphates IPO Allotment Status on Registrar Site

• Visit Skyline Financial Services Private Ltd website
• Select "Balaji Phosphates IPO" from the dropdown menu on the allotment status page
• Enter your PAN ID, Demat Account Number, or Application Number in the designated field
• Complete the captcha verification process and click on the "Submit" button to view your allotment status

Steps to Check Balaji Phosphates IPO Allotment Status on NSE

• Navigate to the NSE SME IPO Allotment Status Page
• Choose "Balaji Phosphates IPO" from the list of active IPOs in the dropdown menu
• Input your Application Number and PAN ID in the required fields
• Verify the captcha and click "Search" to check your allotment status

Balaji Phosphates IPO Subscription Status 

Balaji Phosphates IPO received moderate investor interest, being subscribed 1.21 times overall. Here is a category-wise breakdown of the subscription as of 6:19:59 PM on March 4, 2025:

• Retail Category: 1.09 times
• Qualified Institutional Buyers (QIB): 1.26 times
• Non-Institutional Investors (NII): 1.34 times

As of 6:19:59 PM

Utilization of IPO Proceeds 

The funds raised through the IPO will be utilized as follows:

• Capital Expenditure: Meeting capital expenditure requirements
• Working Capital: Funding working capital needs
• General Corporate Purposes: Supporting various business initiatives

Balaji Phosphates IPO - Listing Details 

The shares are scheduled to list on March 7, 2025, on NSE SME. The modest subscription rate of 1.21 times shows cautious investor interest in Balaji Phosphates' business model and growth prospects. The company has shown steady performance with revenue of ₹54.85 crore and profit after tax of ₹4.15 crore for the period ended August 31, 2024. Their established presence in the fertilizer sector, strategic manufacturing location, and wide distribution network position them in a competitive market, though investors should note the challenges of operating in a fragmented industry with fluctuating profit margins.