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Balaji Phosphates Ltd IPO

The company is engaged in the production of NPK Granulated and Mixed Fertilizers, as well as Zinc Sulfate (21%). The Company focuses on manufacturing Phosphate Fertilizers, offering a diverse range of products including Single Super Phosphate (SSP) in both powder and granulated forms. Its SSP products are produced in accordance with the Fertilizer Control Order of India standards. Its facility has an installed capacity of 120,000 MTPA for SSP and 3,300 MTPA for Zinc Sulfate. SSP is a key contributor to its revenue. Its manufacturing plant is located at 23-B, 24-A, A.B. Road, Industrial Area No.1, Dewas-455001, Madhya Pradesh.

Balaji Phosphates Ltd IPO Details

Total Shares Offered

₹ 71,58,000

Offer to Public

12,18,000

Retail Max (Shares)

₹ 27,20,000

Pre Issue Promoters Holding

₹ 1,78,37,100

Exchange

NSE

Issue size

₹ 50.11 Cr

IPO Open Date

Feb 28, 2025

Close Date

Mar 4, 2025

Lot Size

2000

Min Investment

₹ 1,32,000

Issue Type

Book Building - SME

Listing Date

Mar 7, 2025

Balaji Phosphates Ltd IPO Dates

Feb 28, 2025

Opening date

Mar 4, 2025

Closing date

Mar 5, 2025

Basis of Allotment

Mar 5, 2025

Initiation of Refunds

Mar 6, 2025

Credit of Shares

Mar 7, 2025

Listing date

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	0.9x	2040000	1846000
NII	1.52x	2040000	3092000
Retail	1.09x	2720000	2976000
Employee	0x	0	0
Total	1.11x	7158000	7914000

Investor Type

QIB

NII

Retail

Employee

Total

Subscription Times

0.9x

1.52x

1.09x

1.11x

2040000

2720000

7158000

1846000

3092000

2976000

7914000

Balaji Phosphates Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)

Particulars (in Rs. Crores)	FY23	FY22	FY21
Revenue from operations	126.52	151.55	144.54
EBITDA	11.58	8.88	9.47
PAT	7.30	5.20	5.79
Total Assets	90.60	68.51	77.90
Share Capital	23.78	17.84	8.92
Total Borrowings	33.68	39.30	33.02
Operating Activities (Net Cash)	8.20	6.02	6.58
Investing Activities (Net Cash)	6.42	7.90	7.90
Financing Activities (Net Cash)	33.68	39.30	33.02
Net Cashflow	0.78	1.19	1.97

About Balaji Phosphates Ltd

Balaji Phosphates Limited 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.

The 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.

Peer Comparison:

Coromandel International Ltd
Paradeep Phosphates Ltd
Rama Phosphates Ltd

Balaji Phosphates Ltd Key Points

Strengths

Cost Effective sourcing and Strategic Location of Manufacturing Unit.

Cordial relations with customers.

Sustainable business model.

Leveraging the expertise of its Promoters and Management Team.

Quality assurance.

Risk

The company business is dependent on the performance of the agricultural sector in which its fertilizers are used. Any developments affecting the performance of the agricultural sector are likely to affect its business, results of operations and financial condition.

Reliance on imported raw materials poses risks that could adversely affect its production capabilities and overall profitability.

The company 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 its business, results of operations and financial condition.

Strategy

Optimizing Operational Efficiency.

Modernization and upgradation of its technology.

Inventory Management Enhancement.

How To Apply for Balaji Phosphates Ltd IPO Online?

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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.

FAQs on IPO (Initial Public Offering)

What is the issue size of the Balaji Phosphates Ltd IPO?

Balaji Phosphates Ltd's IPO offers shares for up to 41.58 It begins on Feb 28, 2025 and ends on Mar 4, 2025.

What is the price of the Balaji Phosphates Ltd IPO?

The price of Balaji Phosphates Ltd IPO ranges between ₹66 to ₹70 per share.

What are the open and close dates for the Balaji Phosphates Ltd IPO?

The Balaji Phosphates Ltd IPO opens on Feb 28, 2025 and closes on Mar 4, 2025.

When will the Balaji Phosphates Ltd IPO be allotted?

The allotment for the Balaji Phosphates Ltd IPO will be finalised on Mar 5, 2025. The shares will be listed on BSE and NSE on Mar 7, 2025.

What is the minimum lot size required for Balaji Phosphates Ltd IPO?

The minimum lot size for Balaji Phosphates Ltd IPO is 2000 shares, priced between ₹66 to ₹70 per share.

What is the GMP of Balaji Phosphates Ltd IPO?

The GMP (Grey Market Premium) of Balaji Phosphates Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Balaji Phosphates Ltd IPO?

To check the allotment status of Balaji Phosphates Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Balaji Phosphates Ltd IPO getting listed?

The Balaji Phosphates Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Feb 28, 2025, and closes on Mar 4, 2025. The allotment is finalised on Mar 5, 2025.

How do you apply for the Balaji Phosphates Ltd IPO?

To apply for the Balaji Phosphates Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.