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Balaji Phosphates IPO

  • Status: Closed
  • RHP:
  • ₹ 132,000 / 2000 shares

    Minimum Investment

IPO Listing Details

  • Listing Date

    07 Mar 2025

  • Listing Price

    ₹ 75.00

  • Listing Change

    7.14%

  • Last Traded Price

    ₹ 99.15

IPO Details

  • Bidding starts

    28 Feb 2025

  • Bidding ends

    04 Mar 2025

  • Listing

    07 Mar 2025

  • IPO Price Range

    ₹ 66 to ₹ 70

  • IPO Size

    ₹ 50.11 Cr

  • Listing Exchange

    NSE SME

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Timeline Subscription Status Financials SWOT FAQ Contacts

IPO Timeline

Balaji Phosphates IPO Subscription Status

Last Updated: 11 March 2025 10:08 AM by 5Paisa

Balaji Phosphates is launching its IPO with a book-built issue of ₹50.11 crore, comprising a fresh issue of ₹41.58 crore and an offer for sale of ₹8.53 crore. The company manufactures fertilizers like SSP, NPK, and Zinc Sulphate. With a plant in Madhya Pradesh, it sells across multiple states under the ‘RATNAM’ and ‘BPPL’ brands, employing 40 people as of August 2024.

Established in: 1996
Chairman-Cum-MD: Mr. Mohit Airen

Peers

Coromandel International Ltd
Paradeep Phosphate Ltd
Rama Phosphate Ltd
 

Objectives

1. To meet the capital expenditure requirements,
2. To meet the working capital requirements, and
3. General corporate purposes
 

Balaji Phosphates IPO Size

Types Size
Total IPO Size ₹50.11 Cr.
Offer For Sale ₹8.53 Cr.
Fresh Issue ₹41.58 Cr.

 

 Balaji Phosphates IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 2000 132,000
Retail (Max) 1 2000 132,000
HNI (Min) 2 4000 264,000

Balaji Phosphates IPO Reservation

Investors Category Subscription (times) Shares Offered Shares bid for Total Amount (Cr.)*
QIB 0 14,68,000 0 0
NII (HNI) 1.02 20,40,000 20,78,000 14.546
Retail 0.7 27,20,000 19,04,000 13.328
Total** 0.64 62,28,000 39,82,000 27.874

 

*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.

Balaji Phosphates IPO Anchor Allocation

Anchor Bid Date 27 February 2025
Shares Offered 12,24,000
Anchor portion Size (In ₹ Cr.) 8.57
Anchor lock-in period end date for 50% shares (30 Days) 4 April 2025
Anchor lock-in period end date for remaining shares (90 Days) 3 June 2025

 

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY22 FY23 FY24
Revenue 124.12 144.64 151.68
EBITDA 7.92 11.67 12.10
PAT 3.19 6.09 6.04
Particulars (in Rs. Crores) FY22 FY23 FY24
Total Assets 82.35 96.83 88.48
Share Capital 5.95 8.92 17.84
Total Borrowings 19.88 26.32 33.22
Particulars (in Rs. Crores) FY22 FY23 FY24
Net Cash Generated From / (used in) operating activities 3.39 -3.63 -3.48
Net Cash Generated From / (used in) investing activities -0.38 -0.11 -0.87
Net Cash Generated From / (used in) financing activities -2.69 3.79 3.89
Net Increase (Decrease) In Cash And Cash Equivalents 0.32 0.05 -0.47


Strengths

1. Over two decades of experience in the fertilizer industry.
2. Strong distribution network across five major states.
3. Strategically located manufacturing unit in Dewas, Madhya Pradesh.
4. Well-established brand presence with ‘RATNAM’ and ‘BPPL’.
5. Experienced leadership with industry expertise.
 

Risks

1. Revenue dependent on fertilizer industry demand.
2. Competition from larger fertilizer manufacturers.
3. Regulatory risks affecting fertilizer pricing and subsidies.
4. Limited geographic presence beyond five states.
5. Rising raw material costs impacting profitability.
 

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FAQs

Balaji Phosphates IPO opens from 28 February 2025 to 4 March 2025.

The size of Balaji Phosphates IPO is ₹50.11 Cr.

The price of Balaji Phosphates IPO is fixed at ₹66 to ₹70 per share. 

To apply for Balaji Phosphates IPO, follow the steps given below:

● Login to your 5paisa account and select the issue in the current IPO section    
● Enter the number of lots and the price at which you wish to apply for the Balaji Phosphates  IPO.    
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    

You will receive a mandate notification to block funds in your UPI app.
 

The minimum lot size of Balaji Phosphates IPO is 2,000 shares and the investment required is ₹132,000.
 

The share allotment date of Balaji Phosphates IPO is 5 March 2025

The Balaji Phosphates IPO will likely be listed on 7 March 2025.

Arihant Capital Markets Ltd is the book running lead manager for Balaji Phosphates IPO.

Balaji Phosphates plans to utilise the raised capital from the IPO for:
1. To meet the capital expenditure requirements,
2. To meet the working capital requirements, and
3. General corporate purposes