Balaji Phosphates Limited

Balaji Phosphates Limited

SME NSE SME 100% Book Built Offer
Closed

Price Band

₹66 - ₹70

Total Issue

₹50.11 Cr

Bid Dates

28 Feb - 04 Mar

Subscription

1.27x

Est. GMP

₹0 (0.00%)

Website RHP Check Allotment

Tentative Timetable

Open
Close
Allotment
Refunds
Credit
Listing

Business Overview

The company specializes in producing NPK granulated and mixed fertilizers, with a strong focus on phosphate-based fertilizers. Its core product, Single Super Phosphate (SSP), is available in both powder and granulated forms and is manufactured in compliance with the Fertilizer Control Order (FCO) of India. With an installed capacity of 120,000 MTPA for SSP and 3,300 MTPA for Zinc Sulfate (21%), the company operates from its facility in Dewas, Madhya Pradesh. SSP remains the primary revenue driver for the business

Lot Info

Lot Information for Balaji Phosphates IPO
Category Lots Shares Amount
Individual (Min) 1 2,000 ₹1,40,000
Individual (Max) 1 2,000 ₹1,40,000
S-HNI (Min) 2 4,000 ₹2,80,000
S-HNI (Max) 7 14,000 ₹9,80,000
B-HNI (Min) 8 16,000 ₹11,20,000
Market Maker
3,58,000 EQ Share
Employee
₹0.00
Shareholder
₹0.00

Issue Size

Total ₹50.11 Cr
Fresh Issue
₹41.58 Cr (0.59 Cr Shares)
Offer For Sale
₹8.53 Cr (0.12 Cr Shares)

Objects of the Issue

A1

₹B1 Cr

A2

₹B2 Cr

A3

₹B3 Cr

Grey Market Premium

GMP ₹0
Est. Price ₹70
Est. Gain 0.00%

Balaji Phosphates IPO Peer Comparison

(Rs. in crores)

Balaji Phosphates IPO Peer Comparison Table
Particulars Co. Coromandel International Paradeep Phosphates Rama Phosphates
Revenue from Ops (in Crs.) 151.55 22,058.39 11,575.12 603.17
PAT (In Crs.) 6.04 1,640.64 99.91 -31.07
EPS - Basic 3.39 55.75 1.22 -17.56
RONW 17.26% 18.90% 3.28% -9.39%
EBITDA 8.00% 10.87% 6.19% -3.22%
PAT Margin 4.00% 7.44% 0.86% -5.15%
Price to earning (PE) 20.65 30.57 77.23 NA
Debt to Equity 0.95 0.05 1.12 0.41
  • All the information pertains to FY 2023-24
  • The PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of February 18, 2025 for Peers

Financial Performance

(Rs. in crores)

Financial Performance Metrics for Balaji Phosphates IPO
Particulars Aug-24 Mar-24 Mar-23 Mar-22
Revenue from Operations 53.37 151.55 144.54 123.65
Profit after Tax 4.15 6.04 6.09 3.19
Net Worth 39.15 35.00 28.97 22.86
Total Borrowing 35.58 33.22 26.32 19.88
Total Assets 95.28 88.48 96.83 82.35
NAV per share (in ₹) 21.95 19.62 32.48 38.45
EPS - Basic (in ₹) 2.32 3.39 3.42 1.79

KPIs

EBITDA

8.00%

PAT

4.00%

ROE

18.89%

ROCE

16.70%

Debt to Equity

0.95

PE Ratio

20.65

PB Ratio

3.57

Mkt Cap (in Crs.)

166.44

  • All Ratios are based on Mar 24
  • PE, PB, and Post-Issue Market Capitalization are calculated based on the upper price band

Shareholding

Promoter

26.95%

Public

73.05%

Mr. Mohit Airen 40.29%
Mr. Alok Gupta 32.76%

Management

Mr. Mohit Airen MD
Mr. Ravindra Chourishi CFO

Registrar & Lead Managers

Registrar

Skyline Financial Services

Skyline Financial Services

Lead Managers (1)

Arihant Capital Arihant Capital

Subscription Status

Updated as on 04-Mar-2025 19:00:05 hrs

Category Sub (x) Offered Bids
QIB 1.26x 14,68,000 18,46,000
NII 1.34x 20,40,000 27,34,000
Retail 1.09x 27,20,000 29,76,000
Total 1.21x 62,28,000 75,56,000

Frequently Asked Questions

What is Balaji Phosphates IPO?
Balaji Phosphates IPO is a SME IPO having an issue size of ₹50.11 Crs. Balaji Phosphates IPO is priced at ₹66 - ₹70 per share. The issue opens on 28 Feb 25 and closes on 04 Mar 25.
When will Balaji Phosphates IPO open?
Balaji Phosphates IPO opens on 28 Feb 25 and closes on 04 Mar 25.
What is the GMP of Balaji Phosphates IPO?
The estimated Grey Market Premium of Balaji Phosphates IPO is ₹0 per share (0.00%).
What is the lot size of Balaji Phosphates IPO?
The minimum lot size of Balaji Phosphates IPO is 2000 shares & the minimum application amount is Rs. 140000.
When is the allotment of Balaji Phosphates IPO?
The allotment date of Balaji Phosphates IPO is 05 Mar 25.
What is the listing date of Balaji Phosphates IPO?
The listing date of Balaji Phosphates IPO is 07 Mar 25.
What is the subscription of Balaji Phosphates IPO?
Balaji Phosphates IPO is subscribed 1.27 times.
What is the price band of Balaji Phosphates IPO?
Balaji Phosphates IPO is priced at ₹66 - ₹70 per share.
How to check allotment status of Balaji Phosphates IPO?
Click the allotment link on Balaji Phosphates IPO page of IPO360.
How to apply Balaji Phosphates IPO in Zerodha?
  1. Go to Kite App → Tap on Bids → Tap on IPO
  2. Select the IPO → Tap on apply → Enter UPI ID
  3. Enter Qty and Price
  4. Submit the application
  5. Approve the UPI Mandate on your UPI app
How to apply Balaji Phosphates IPO in Groww?
  1. Go to Groww App → Stocks Section → Select IPO option
  2. Select the IPO you want to apply
  3. Enter your bid details and price
  4. Enter UPI ID & submit
  5. Approve the UPI Mandate on your UPI app
How to apply Balaji Phosphates IPO using ASBA?
  1. Log in to your bank's net banking portal.
  2. Navigate to the 'IPO' or 'ASBA' section.
  3. Select Balaji Phosphates IPO from the list of available IPOs.
  4. Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
  5. Submit the application.
  6. Money will remain blocked till the refund date