Balaji Phosphates Limited
Bookbuilding IPO · NSE
- Price band
- ₹66 - ₹70
- Lot size
- 2,000 shares
- Issue amount
- ₹50.11 cr
- Total subscription
- 1.2×
- Opens
- 28 Feb 2025
- Closes
- 4 Mar 2025
- Allotment
- 5 Mar 2025
- Listing
- 7 Mar 2025
Offer at a glance
Issue overview
- Issue size
- 71,58,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,32,000
- Fresh issue
- ₹41.58 cr
- Offer for sale
- ₹8.53 cr
- Registrar
- Skyline Financial Services Private Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,40,000
- Issue type
- Bookbuilding IPO
- Shares before issue
- 1,78,37,100
- Shares after issue
- 2,37,77,100
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 2,000 | ₹1,40,000 |
| sHNI | 2 | 4,000 | ₹2,80,000 |
| bHNI | 8 | 16,000 | ₹11,20,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| QIB | — | 4 |
| NIB | — | 128 |
| RETAIL | — | 1,488 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 10.28 | 12.92 |
| RETAIL | 19.04 | 20.83 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Aug-24 | Mar-24 | Mar-23 |
|---|---|---|---|
| EPS | 2.32 | 3.39 | 3.42 |
| ROE | 11.18 | 18.89 | 23.5 |
| ROCE | 9.15 | 16.7 | 19.8 |
| RONW | 10.59 | 17.26 | 21.02 |
| PRE IPO(PE) | 0 | 20.67 | 0 |
| POST IPO(PE) | 16.72 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Founded in 1996, Balaji Phosphates Limited is a leading manufacturer and supplier of fertilizers, including Single Super Phosphate (SSP), NPK Granulated & Mixed Fertilizers, and Zinc Sulphate, all adhering to India’s Fertilizer Control Order standards. The company markets its products under the trusted brands ‘RATNAM’ and ‘BPPL,’ serving retailers, wholesalers, and cooperatives, with farmers as the primary end users. Operating across key agricultural regions in Madhya Pradesh, Chhattisgarh, Maharashtra, Andhra Pradesh, and Telangana, Balaji Phosphates is committed to enhancing soil health and plant growth with its high-quality phosphate-based fertilizers. Its manufacturing unit, located in Dewas, Madhya Pradesh, has an annual production capacity of 120,000 MT of SSP, 3,300 MT of Zinc Sulphate, and 49,500 MT of NPK Granulated & Mixed Fertilizers. As of August 31, 2024, the company employs 40 individuals, including skilled and unskilled labor, administrative staff, management, and operations teams, all dedicated to supporting agricultural productivity and sustainability.
Strengths
- Trusted Industry Experience – With years of expertise, Balaji Phosphates has built a strong reputation in the fertilizer industry.
- Wide Distribution Network – The company’s sales network covers Madhya Pradesh, Chhattisgarh, Maharashtra, Andhra Pradesh, and Telangana, ensuring broad market reach.
- Strategic Manufacturing Location – Its facility in Dewas, Madhya Pradesh, is positioned to optimize logistics, improving supply efficiency and reducing transportation costs.
Risk factors
- Agricultural Market Dependence – The company's growth depends on the agricultural sector, making it sensitive to industry changes.
- Raw Material Supply Challenges – Relying on imported raw materials can lead to supply disruptions and cost fluctuations, affecting profitability.
- Weather & Seasonal Factors – Changing weather conditions and seasonal demand shifts can impact operations and financial performance.
Promoters
Mr. Alok Gupta
Mr. Mohit Airen
Registrar & documents
Lead manager
Arihant Capital Markets Limited
Registrar & contacts
Skyline Financial Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
305, Utsav Avenue, 12/5 Usha Ganj Jaora Compound, Indore G.P.O., Indore- 452001
+919827090267
[email protected]Company website ↗Understanding BALAJIPHOS IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.