Balaji Phosphates IPO Details
The key details of Balaji Phosphates’s IPO are outlined below, covering all crucial aspects from price range to investment requirements and regulatory documents.
| IPO Size | ₹50.11 Cr |
| Price Range | ₹66 - ₹70 |
| Retail Quota | 40% |
| QIB Quota | 30% |
| NII Quota | 30% |
| Employee Discount | -- |
| Listing at | NSE |
| Minimum Quantity | 2000 |
| Investment (cut-off price) | ₹1,40,000 |
| Pre IPO Promotor Holding | 100% |
| Post IPO Promotor Holding | 69.90% |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
Balaji Phosphates IPO Timelines
The IPO process for Balaji Phosphates includes key dates for participants to know. The timeline allows for strategic planning and participation, helping investors stay informed and engaged throughout the entire process.
28/02/2025
Start Date04/03/2025
End Date06/03/2025
Refund Initiation06/03/2025
Credit of Shares to Demat Ac07/03/2025
Listing DateBalaji Phosphates IPO Lot Size
The Balaji Phosphates IPO has a fixed lot size of 2,000 shares, at an upper price band of ₹70 per share, requiring ₹140,000 per lot for retail investors. For HNI investors, the minimum application is 4,000 shares (2 lots) amounting to ₹280,000.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 2000 | ₹1,40,000 |
| Retail Maximum | 1 | 2000 | ₹1,40,000 |
| HNI Minimum | 2 | 4000 | ₹2,80,000 |
Balaji Phosphates IPO Subscription Status
The subscription status for Balaji Phosphates IPO shows market demand across different investor categories, providing valuable insights into the offering’s performance. You can track real-time subscription data below.
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
| 1.26x | 1.34x | 1.09x | -- | 1.21x |
IPO Performance on Listing Day
On the listing day (March 7, 2025), Balaji Phosphates made a positive debut on the stock exchange. The stock opened at ₹75, delivering a modest premium of 7.1% over its issue price of ₹70. Throughout the trading session, the stock showed balanced movement, reaching a high of ₹78 while finding support above ₹73.50. The shares concluded their first trading day at ₹74, securing a steady gain of 5.7% over the issue price, indicating stable market response to this phosphate products manufacturer.
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹75.00 | ₹74.00 | ₹78.00 | ₹73.50 |
Balaji Phosphates IPO Company Financials
Balaji Phosphates IPO reports robust performance in FY2024 with Total Income of ₹151.68 crores, managing expenses at ₹143.31 crores, and achieving a strong PAT (Profit After Tax) of ₹6.04 crores, demonstrating significant growth potential ahead of its public offering.
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2022 | ₹124.12 | ₹119.56 | ₹3.19 |
| FY 2023 | ₹144.64 | ₹136.37 | ₹6.09 |
| FY 2024 | ₹151.68 | ₹143.31 | ₹6.04 |
| FY 2025 (5 M) | ₹54.85 | ₹49.42 | ₹4.15 |
About Company
Founded in 1996, Balaji Phosphates Limited specializes in the production of Single Super Phosphate (SSP), NPK Granulated and Mixed Fertilizers, and Zinc Sulphate, all adhering to India’s Fertilizer Control Order standards. The company markets its products under the brands ‘RATNAM’ and ‘BPPL’, supplying to retailers, wholesalers, cooperatives, and ultimately, farmers. Their product range includes phosphate fertilizers like SSP, zinc sulfate, and NPK Mix, which help improve plant growth in agricultural soils. The company’s products are primarily sold in regions like Madhya Pradesh, Chhattisgarh, Maharashtra, Andhra Pradesh, and Telangana.
Balaji Phosphates operates a manufacturing facility in Dewas, Madhya Pradesh, with annual production capacities of 120,000 MT for SSP, 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 labor, administrative staff, and management teams. With its established production capabilities and workforce, the company is poised to serve the growing demands of the agricultural sector in its key markets.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 1996 | Chemicals | Mohit Airen |
Know Before Investing
Balaji Phosphates IPO Strengths
- Balaji Phosphates is a recognized leader in the production of fertilizers, particularly Single Super Phosphate (SSP), catering to the agricultural sector.
- The company offers a diverse range of products, including SSP, Zinc Sulphate, and NPK Granules, meeting various agricultural needs.
- The ongoing infrastructure development in India supports increased demand for fertilizers, benefiting the company.
- With quality products and established manufacturing processes, Balaji has the potential to explore international markets for its fertilizers.
- The company employs modern manufacturing techniques to enhance product quality and operational efficiency.
- Balaji has built a robust customer base across multiple states, ensuring steady demand for its products.
- A strong emphasis on quality control ensures that all products meet regulatory standards and customer expectations.
- The company focuses on sustainable practices in its production processes, appealing to environmentally conscious consumers.
- Effective supply chain practices minimize delays and ensure timely delivery of products to customers.
- Balaji is agile in responding to changing market conditions and customer preferences, ensuring relevance in the industry.
Balaji Phosphates IPO Risks
- The company relies heavily on a few key customers for a significant portion of its revenue, making it vulnerable to any loss of business.
- The fertilizer industry is highly competitive, with numerous established players that could impact Balaji’s market share and profitability.
- The company faces risks associated with managing its manufacturing facilities, including maintenance and operational efficiency.
- Maintaining customer loyalty in a competitive market is crucial; failure to retain clients could lead to revenue instability.
- Significant marketing expenses may be required to establish the brand and attract customers, affecting short-term profitability.
- A narrow focus on specific fertilizer products without diversification may expose the company to higher risks if market conditions change unfavorably.
- Changes in agricultural demand due to weather conditions or crop yields can directly affect fertilizer sales.
- Many client agreements may be short-term, creating uncertainty in revenue streams and necessitating ongoing client acquisition efforts.
Swot Analysis for Balaji Phosphates IPO
Strengths
Strong financial performance, Established market position, Diverse product offerings
Weaknesses
Declining asset value, Dependence on raw material prices, Limited brand recognition
Opportunities
Growing demand for fertilizers, Expansion into new markets, Increasing agricultural investments
Threats
Intense competition, Fluctuating raw material costs, Regulatory compliance challenges
Company Details
Balaji Phosphates Limited
305, Utsav Avenue, 12/5, Usha Ganj Jaora Compound, Indore G.P.O., Indore- 452001
Phone: +919827090267
Email: [email protected]
Website: https://www.balajiphosphates.com/
IPO Registar Details
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: [email protected]
Website: https://www.skylinerta.com/ipo.php
FAQs
The key objectives of Balaji Phosphates IPO are:
- To meet the capital expenditure requirements;
- To meet the working capital requirements; and
- General corporate purposes
Arihant Capital Markets Ltd is the book-running lead managers for the Balaji Phosphates IPO.
Balaji Phosphates has shown promising financial growth, reporting revenues of ₹151.68 crores in FY 2024, up from ₹144.64 crores in FY 2023. With a profit of ₹6.04 crores, Balaji Phosphates is well-positioned in the fertilizer sector, focusing on products like Single Super Phosphate and NPK fertilizers.
The issue price for the Balaji Phosphates IPO is set between ₹66 and ₹70 per share.
To invest in one lot of Balaji Phosphates IPO, you need ₹1,32,000 at the lower price band (₹66 per share) or ₹1,40,000 at the upper price band (₹70 per share) for a lot size of 2000 shares.
Balaji Phosphates IPO shares are scheduled to be listed on the National Stock Exchange (NSE) on March 7, 2025.
Refund/unblocking of funds for Balaji Phosphates IPO will begin on March 6, 2025. ASBA/UPI blocks will be removed within 1 working day.
You can sell shares your Balaji Phosphates IPO shares on listing day (March 7, 2025) after they are credited to your demat account. If you want to sell in the pre-open market, the timing for that session is from 9:00 AM to 9:15 AM. Otherwise, you can sell after 10:00 AM during regular trading hours.