Balaji Phosphates IPO
- IPO Date28 Feb, 2025 to 04 Mar, 2025
- Listing Date07 Mar, 2025
- Face Value₹10 per share
- Issue Price₹66 to ₹70 per share
- Lot Size2000 Shares
- Minimum Investment₹1,40,000
- Listing AtNSE SME
- Total Issue Size71,58,000 Shares
(aggregating up to ₹50.11 Cr) - Fresh Issue59,40,000 Shares
(aggregating up to ₹41.58 Cr)
- Offer for Sale12,18,000 Shares
(aggregating up to ₹8.53 Cr) - Issue TypeBook Built Issue IPO
- Share holding pre issue1,78,37,100
- Shareholding post issue2,37,77,100
IPO Dates
Closing Date
04 Mar, 2025
Initiation of Refunds
06 Mar, 2025
Listing Date
07 Mar, 2025
28 Feb, 2025
Opening Date
05 Mar, 2025
Basis of Allotment
06 Mar, 2025
Credit of Shares
Balaji Phosphates Lot Size
Investors can bid for a minimum of 2000 shares and in multiples thereof. The below 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 |
| B-HNI (Min) | - | - | - |
| S-HNI (Min) | 2 | 4000 | ₹2,80,000 |
| Retail (Max) | 1 | 2000 | ₹1,40,000 |
| S-HNI (Max) | - | - | - |
Balaji Phosphates Promoter Holding
The promoters of the company are Mr. Alok Gupta and Mr. Mohit Airen.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 100% | 69.9% |
Balaji Phosphates COMPANY INFORMATION
Balaji Phosphates IPO is a book built issue of Rs 50.11 crores. The issue is a combination of fresh issue of 59.40 lakh shares aggregating to Rs 41.58 crores and offer for sale of 12.18 lakh shares aggregating to Rs 8.53 crores. Balaji Phosphates IPO opens for subscription on February 28, 2025 and closes on March 4, 2025. The allotment for the Balaji Phosphates IPO is expected to be finalized on Wednesday, March 5, 2025. Balaji Phosphates IPO will be list on NSE SME with a tentative listing date fixed as Friday, March 7, 2025. Balaji Phosphates IPO price band is set at ₹66 to ₹70 per share. The minimum lot size for an application is 2000. The minimum amount of investment required by retail investors is ₹1,32,000. But it is suggested to the investor to bid at the cutoff price to avoid the oversubscription senerio, which is about to ₹1,40,000.The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹2,80,000. Arihant Capital Markets Ltd is the book-running lead manager of the Balaji Phosphates IPO, while Skyline Financial Services Private Ltd is the registrar for the issue.The market maker for Balaji Phosphates IPO is Nnm Securities Private Limited. Refer to Balaji Phosphates IPO RHP for detailed information.
Incorporated in 1996, Balaji Phosphates Limited manufactures and supplies Single Super Phosphate (SSP), NPK Granulated and Mixed Fertilizers, and Zinc Sulphate, all compliant with India's Fertilizer Control Order standards.
The company markets its products under the brands ‘RATNAM’ and ‘BPPL’ to various customers, including retailers, wholesalers, and cooperatives, with farmers as end users.
The product portfolio consists of Phosphate fertilizers like SSP, zinc sulfate, and NPK Mix enhance plant growth in agricultural soils.
The company sells its products in regions such as Madhya Pradesh, Chhattisgarh, Maharashtra, Andhra Pradesh and Telangana.
The company's manufacturing unit is in Dewas, Madhya Pradesh. As of March 31, 2024, the company's manufacturing unit had capacities of 120,000 MT per year for Single Super Phosphate, 3,300 MT for Zinc Sulphate, and 49,500 MT for NPK Granulated & Mix.
As of August 31, 2024, the company employs 40 individuals, including skilled and unskilled labour, administrative staff, management, and operations teams.
Competitive Strength
- Long standing in the fertilizer trade.
- Wide spread network in regions Madhya Pradesh, Chhattisgarh, Maharashtra, Andhra Pradesh and Telangana.
- The factory's strategic location in Dewas, Madhya Pradesh, offers a competitive advantage.
- Long-standing and experienced management team.
Balaji Phosphates IPO
IPO Overview and Key Highlights
Balaji Phosphates, a Madhya Pradesh-based phosphate manufacturing company, is launching its Initial Public Offering (IPO). The IPO consists of a fresh issue of 59,40,000 equity shares and an Offer for Sale (OFS) of 12,18,000 equity shares, bringing the total issue size to 71,58,000 equity shares. The funds will be utilized for business expansion, working capital, and general corporate purposes. The shares will be listed on NSE Emerge.
Key IPO Details
- Type of Issue • 100% Book Built Issue
- Total Issue Size • 71,58,000 equity shares (Fresh Issue + OFS)
- Face Value • ₹10 per share
- Issue Price • To be determined
- Offer Opens • February 28, 2025
- Offer Closes • March 4, 2025
- Listing Exchange • NSE Emerge
- Market Maker Reservation • 3,58,000 equity shares
Company Overview
Balaji Phosphates was originally incorporated as Balaji Phosphates Private Limited in 1996 and later converted into a public company in 2023. The company specializes in phosphate-based fertilizers and industrial chemicals, catering to agriculture and industrial sectors.
- Promoters • Alok Gupta and Mohit Airen
- Headquarters • Indore, Madhya Pradesh
- Corporate Identification Number (CIN) • U24123MP1996PLC067394
Financial Overview
Balaji Phosphates has shown steady growth, benefiting from the increasing demand for phosphate-based fertilizers. The IPO proceeds will be used to enhance production capacity, introduce new product lines, and improve financial stability.
Key Strengths of Balaji Phosphates
- Established Industry Presence • Operating for over two decades in the phosphate sector.
- Strong Promoter Backing • Led by experienced professionals in chemical manufacturing.
- Expanding Market Reach • Plans to increase production and distribution network.
IPO Pros and Cons
Pros
Growing Fertilizer Industry • Rising demand for agricultural nutrients and industrial phosphates.
IPO Proceeds Utilization • Strengthening business expansion and working capital.
Government Support • Benefits from India’s focus on agricultural growth and subsidies.
Cons
Market Dependency • Revenue tied to agriculture and industrial demand cycles.
Competitive Landscape • Faces competition from domestic and global chemical manufacturers.
Raw Material Costs • Fluctuations in phosphate prices may impact profitability.
Risk Factors
Potential investors should consider the following risks before investing:
- Economic Sensitivity • Revenue linked to fertilizer demand and industrial growth.
- Operational Challenges • Managing production efficiency and raw material sourcing.
- Regulatory Compliance • Adherence to environmental and industrial safety standards.
Conclusion
The Balaji Phosphates IPO presents an opportunity to invest in an established phosphate manufacturer with a strong industry presence. However, market dependency, competition, and raw material costs should be carefully evaluated before making an investment decision.
FAQs About Balaji Phosphates Ipo
Balaji Phosphates IPO will open on 28 Feb, 2025 and close on 04 Mar, 2025. Investors must apply within this period to participate.
The Balaji Phosphates IPO price band is set between ₹66.00 and ₹70.00 per share. The minimum lot size is 2000, requiring an investment of at least ₹140000.00.
The Balaji Phosphates IPO shares are expected to be listed on 07 Mar, 2025, subject to regulatory approvals and final allotment.
You can track your Balaji Phosphates IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Balaji Phosphates IPO will be listed on major stock exchanges such as BSE, where you can trade shares once they are listed.