Minimum Investment
| Minimum Investment (Retail) | Lots (min) | Shares (QTY) |
| ₹1,40,000 | 1 | 2000 |
About Balaji Phosphates Limited IPO
Balaji Phosphates Limited, established in 1996, specializes in manufacturing and supplying fertilizers like Single Super Phosphate (SSP), NPK Granulated and Mixed Fertilizers, and Zinc Sulphate, all adhering to India’s Fertilizer Control Order standards. Operating from its manufacturing unit in Dewas, Madhya Pradesh, the company markets its products under the ‘RATNAM’ and ‘BPPL’ brands, serving retailers, wholesalers, and cooperatives, with farmers as the end users across Madhya Pradesh, Chhattisgarh, Maharashtra, Andhra Pradesh, and Telangana.
The company’s product portfolio, including phosphate fertilizers like SSP, zinc sulfate, and NPK Mix, supports enhanced plant growth in agricultural soils. As of March 31, 2024, its Dewas facility boasts annual capacities of 120,000 MT for SSP, 3,300 MT for Zinc Sulphate, and 49,500 MT for NPK Granulated & Mix. With a workforce of 40 employees as of August 31, 2024—comprising skilled and unskilled labor, administrative staff, management, and operations teams—Balaji Phosphates ensures efficient production and distribution to meet agricultural demands.
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Competitive Strengths:
- 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 Limited IPO Details
| IPO Date | February 28, 2025 to March 4, 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹66 to ₹70 per share |
| Lot Size | 2,000 Shares |
| Total Issue Size | 71,58,000 shares (aggregating up to ₹50.11 Cr) |
| Fresh Issue | 59,40,000 shares (aggregating up to ₹41.58 Cr) |
| Offer for Sale | 12,18,000 shares of ₹10 (aggregating up to ₹8.53 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,78,37,100 shares |
| Share Holding Post Issue | 2,37,77,100 shares |
| Market Maker Portion | 3,58,000 shares |
| IPO Open Date | Fri, Feb 28, 2025 |
| IPO Close Date | Tue, Mar 4, 2025 |
| Tentative Allotment | Wed, Mar 5, 2025 |
| Initiation of Refunds | Thu, Mar 6, 2025 |
| Credit of Shares to Demat | Thu, Mar 6, 2025 |
| Tentative Listing Date | Fri, Mar 7, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 4, 2025 |
Balaji Phosphates Limited IPO Prospectus
Balaji Phosphates Limited Financial Snapshot (in Crore)
| Period Ended | 31 Aug 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 95.28 | 88.48 | 96.83 | 82.35 |
| Revenue | 54.85 | 151.68 | 144.64 | 124.12 |
| Profit After Tax | 4.15 | 6.04 | 6.09 | 3.19 |
| Net Worth | 39.15 | 35 | 28.97 | 22.86 |
| Reserves and Surplus | 21.31 | 17.17 | 20.05 | 16.92 |
| Total Borrowing | 35.58 | 33.22 | 26.32 | 19.88 |
Balaji Phosphates Limited Promoters Holding
Mr. Alok Gupta and Mr. Mohit Airen
Balaji Phosphates Limited IPO Registrar
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
Balaji Phosphates Limited IPO Lead Manager(s)
Arihant Capital Markets Ltd
Balaji Phosphates Limited Contact Details
Balaji Phosphates Limited
305, Utsav Avenue, 12/5
Usha Ganj Jaora Compound,
Indore G.P.O., Indore- 452001
Phone: +919827090267
Email: balajiphosphate@gmail.com
Website: https://www.balajiphosphates.com/