Balaji Phosphates Ltd IPO
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Balaji Phosphates Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 71.58 L | ₹ 12.18 L | TBA | ₹ 178.37 L | NSE | ₹ 50.11 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 28 Feb, 25 | 04 Mar, 25 | 2000 | ₹ 1,32,000 | Book Building - SME | 07 Mar, 25 |
Balaji Phosphates Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Fertilizers |
| Sub Sector | NA |
| Issue Type | Book Building - SME |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 0x | 0 | 0 |
| NII | 0x | 0 | 0 |
| Retail | 0x | 0 | 0 |
| Employee | 0x | 0 | 0 |
| Total | 0x | 7158000 | 0 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Balaji Phosphates Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 123.65 | 3.06 | 5.55 |
| EBITDA | 5.91 | 4.06 | 6.66 |
| PAT | 2.85 | 1.11 | 2.55 |
| Total Assets | 62.66 | 54.04 | 51.58 |
| Share Capital | 5.95 | 5.95 | 8.24 |
| Total Borrowings | 33.43 | 27.49 | 19.11 |
| Operating Activities (Net Cash) | 3.76 | 2.11 | 3.66 |
| Investing Activities (Net Cash) | 7.90 | 7.90 | 0.00 |
| Financing Activities (Net Cash) | 33.43 | 27.49 | 19.11 |
| Net Cashflow | 0.09 | 0.35 | 0.02 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About Balaji Phosphates Ltd
Our company was originally incorporated as Balaji Phosphates Private Limited on April 4, 1996, pursuant to Certificate of Incorporation issued by the Registrar of Companies, Kanpur, under the provisions of the Companies Act, 1956. Following a Special Resolution passed at an Extraordinary General Meeting (EGM) on September 7, 2023, the company was converted from a private limited company to a public limited company. Concurrently, the company's name was changed to Balaji Phosphates Limited. Upon this conversion, a new Certificate of Incorporation was issued by the Registrar of Companies, Gwalior, dated September 18, 2023, with Corporate Identification Number (CIN) U24123MP1996PLC067394.
Our Company operates in the fertilizer sector which is dependent on Agriculture. As per the Second Advance Estimates of National Income, the share of GVA of agriculture and allied sectors in the total economy in 2022-23 was 18.3%, with a growth rate of 3.3%. Between April 2000-September 2023, FDI in agriculture services stood at US$ 4.77 billion. According to Bain & Co., the Indian agricultural sector is predicted to increase to US$ 30-35 billion by 2025.
Our company is engaged in the production of NPK Granulated and Mixed Fertilizers, as well as Zinc Sulfate (21%). We focus on manufacturing Phosphate Fertilizers, offering a diverse range of products including Single Super Phosphate (SSP) in both powder and granulated forms. Our SSP products are produced in accordance with the Fertilizer Control Order of India standards. Our facility has an installed capacity of 120,000 MTPA for SSP and 3,300 MTPA for Zinc Sulfate. SSP is a key contributor to our revenue. Our manufacturing plant is located at 23-B, 24-A, A.B. Road, Industrial Area No.1, Dewas-455001, Madhya Pradesh.
Peer Comparison:
- Coromandel International Ltd
- Paradeep Phosphates Ltd
- Rama Phosphates Ltd
Balaji Phosphates Ltd IPO Key Points
Strengths
- Cost Effective sourcing and Strategic Location of Manufacturing Unit.
- Cordial relations with customers.
- Sustainable business model.
- Leveraging the expertise of our Promoters and Management Team.
- Quality assurance.
Risk
- 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.
- Reliance on imported raw materials poses risks that could adversely affect our production capabilities and overall profitability.
- 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.
Strategy
- Optimizing Operational Efficiency.
- Modernization and upgradation of our technology.
- Inventory Management Enhancement.
- Cost Effective sourcing and Strategic Location of Manufacturing Unit.
- Cordial relations with customers.
- Sustainable business model.
- Leveraging the expertise of our Promoters and Management Team.
- Quality assurance.
How To Apply for Balaji Phosphates Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.
