Balaji Phosphates Limited
Balaji Phosphates Limited(BALAJIPHOS)
Total Shares
71,58,000
Issue Size
₹50.11 Cr
Price Band
₹66 – ₹70
Lot Size
2000 shares
Min. Investment
₹1,40,000
Max. Investment
₹1,40,000
Open Date
28 Feb, 2025
Close Date
04 Mar, 2025
Allotment
05 Mar, 2025
Listing
07 Mar, 2025
Max. Investment
₹1,40,000
Announced
28 Feb, 2025
Opening Date
28 Feb, 2025
Closing Date
04 Mar, 2025
Basis of Allotment
05 Mar, 2025
Initiation of Refunds
06 Mar, 2025
Credit of Shares
06 Mar, 2025
Listing Date
07 Mar, 2025
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About Balaji Phosphates Limited IPO
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 fertilizer
Balaji Phosphates Limited IPO Share Price and Issue Size
Issue Breakdown
Shareholding
Dilution: 33.3% increase in shares
Balaji Phosphates Limited IPO Financials Health
Balaji Phosphates Limited IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 2000 | ₹1,40,000 |
| Retail Maximum | 1 | 2000 | ₹1,40,000 |
| HNI Minimum | 2 | 4000 | ₹2,80,000 |
(All values in CR)
Balaji Phosphates Limited IPO Valuation
| Metric | Value |
|---|---|
| DEBT/EQUITY | 0.95 |
| EPS Post IPO | 4.19 |
| EPS Pre IPO | 3.39 |
| P/E Post IPO | 16.72 |
| P/E Pre IPO | 20.67 |
| PAT MARGIN | 4.00 |
| PRICE TO BOOK VALUE | 3.57 |
| ROCE | 16.7% |
| ROE | 18.89% |
(All values in CR)
1. Cost Effective sourcing and Strategic Location of Manufacturing Unit.
2. Cordial relations with customers.
3. Sustainable business model.
4. Leveraging the expertise of our Promoters and Management Team.
5. Quality assurance.
1. Our business is dependent on the performance of the agricultural sector in which our fertilizers are used. Any developments affecting the performance of the agricultural sector are likely to affect our business, results of operations and financial condition.
2. Reliance on imported raw materials poses risks that could adversely affect our production capabilities and overall profitability.
3. Our business is subject to climatic conditions and is cyclical in nature. Seasonal variations and unfavourable local and global weather patterns may have an adverse effect on our business, results of operations and financial condition.
4. The fertilizer industry in India is a regulated industry. Any change in Government policies towards the agriculture sector or a reduction in subsidies and incentives provided to farmers could adversely affect our business and results of operations.
5. The business is highly seasonal and such seasonality may affect our operating results and cash flow of our Company.
6. If we are unable to obtain or maintain regulatory approvals for our products, we may be unable to sell such products, which could adversely affect our business and results of operations.
7. Our Promoters have provided personal guarantees and securities to secure certain of our loan facilities, which if revoked or invoked may require alternative guarantees, repayment of amounts due or termination of the facilities.
8. A shortage or non-availability of electricity, water, fuel or an increase in fuel prices may adversely affect our production operations and have an adverse effect on our business, results of operations and financial conditions.
9. We have certain contingent liabilities that have not been provided for in our Company's financials, which if realised, could affect our financial condition.
10. Our Company has experienced negative cash flows. Any negative cash flow in future could affect our results of operations.
Balaji Phosphates Limited IPO Subscription Status
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Rs Cr.) |
|---|---|---|---|---|
| Anchor | 1.00 | 5,72,000 | 5,72,000 | 4 |
| HNI | 1.51 | 20,40,000 | 30,84,000 | 21.59 |
| Market Maker | 1.00 | 3,58,000 | 3,58,000 | 2.51 |
| QIB | 1.26 | 14,68,000 | 18,46,000 | 12.92 |
| Retail | 1.09 | 27,20,000 | 29,60,000 | 20.72 |
| Total | 1.27 | 62,28,000 | 78,90,000 | 55.23 |
Balaji Phosphates Limited IPO GMP
Last updated 24 Feb, 2025 · Source: aggregated grey-market dealers
| Date | IPO Price | GMP | Sub2 Sauda | Est. Listing | Est. Profit | Updated |
|---|---|---|---|---|---|---|
| 24 Feb, 2025 | 70 | ₹0 | -- | ₹70 (0.00%) | - | 24 Feb, 2025 |
| 25 Feb, 2025 | 70 | ₹0 | -- | ₹70 (0.00%) | - | 25 Feb, 2025 |
| 26 Feb, 2025 | 70 | ₹0 | -- | ₹70 (0.00%) | - | 26 Feb, 2025 |
| 27 Feb, 2025 | 70 | ₹0 | -- | ₹70 (0.00%) | - | 27 Feb, 2025 |
| 03 Mar, 2025 | 70 | ₹0 | -- | ₹70 (0.00%) | - | 03 Mar, 2025 |
| 04 Mar, 2025 | 70 | ₹0 | -- | ₹70 (0.00%) | - | 04 Mar, 2025 |
| 07 Mar, 2025 | 70 | ₹0 | -- | ₹70 (0.00%) | - | 07 Mar, 2025 |
Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.
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