Balaji Phosphates is set to launch its IPO on February 28, 2025, with the subscription window closing on March 4, 2025. This IPO follows the Book Built Issue format, aiming to raise approximately ₹50.11 crores. The offering includes a fresh issue worth ₹41.58 crores and an offer for sale (OFS) of up to 12,18,000 equity shares, each having a face value of ₹10.
The IPO is priced within a band of ₹66 to ₹70 per share. The allocation is divided as follows: 40% for retail investors, 30% for Qualified Institutional Buyers (QIBs), and 30% for High Net-worth Individuals (HNIs). Post allotment, Balaji Phosphates is expected to be listed on the NSE on March 7, 2025, with the allotment finalization scheduled for March 5, 2025.
In terms of financial performance, Balaji Phosphates reported a revenue of ₹151.68 crores in 2024, reflecting growth from ₹144.64 crores in 2023. However, net profit stood at ₹6.04 crores in 2024, slightly lower than the ₹6.09 crores reported in 2023. Given the company’s stable financials, investors looking for long-term growth opportunities may consider this IPO as a potential investment.
Balaji Phosphates IPO: Key Details
- IPO Open Date: February 28, 2025
- IPO Close Date: March 4, 2025
- Face Value: ₹10 per equity share
- Price Band: ₹66 to ₹70 per share
- Total Issue Size: Approximately ₹50.11 crores
- Fresh Issue: Around ₹41.58 crores
- Offer for Sale (OFS): Up to 12,18,000 equity shares
- Issue Type: Book Built Issue
- Listing Exchange: NSE SME
- Retail Investor Quota: Up to 40%
- Qualified Institutional Buyers (QIB) Quota: Up to 30%
- Non-Institutional Investors (NII) Quota: Up to 30%
- Draft Red Herring Prospectus (DRHP): Click Here
- Red Herring Prospectus (RHP): Click Here
- Anchor Investors List: Click Here
Balaji Phosphates IPO Market Lot Details
The minimum market lot for Balaji Phosphates IPO is 2,000 shares, requiring an application amount of ₹1,40,000.
| Investor Category | Lot Size | Shares | Application Amount |
|---|---|---|---|
| Retail Minimum | 1 Lot | 2,000 Shares | ₹1,40,000 |
| Retail Maximum | 1 Lot | 2,000 Shares | ₹1,40,000 |
| Small HNI (S-HNI) Minimum | 2 Lots | 4,000 Shares | ₹2,80,000 |
Balaji Phosphates IPO Schedule
The Balaji Phosphates IPO will open for subscription on February 28, 2025, and close on March 4, 2025. The allotment process will be finalized on March 5, 2025, followed by refunds and Demat account credit on March 6, 2025. The IPO is scheduled to be listed on NSE SME on March 7, 2025.
| Event | Date |
|---|---|
| IPO Open Date | February 28, 2025 |
| IPO Close Date | March 4, 2025 |
| Basis of Allotment | March 5, 2025 |
| Refund Initiation | March 6, 2025 |
| Credit to Demat | March 6, 2025 |
| IPO Listing Date | March 7, 2025 |
Balaji Phosphates IPO Promoters
The company is promoted by Mr. Alok Gupta and Mr. Mohit Airen, who play a key role in driving the company’s growth and strategic direction.
Balaji Phosphates IPO: Key Details
In today’s agricultural landscape, the demand for high-quality fertilizers is essential to ensure safe and effective farming practices. Balaji Phosphates is a prominent player in the fertilizer industry, specializing in the supply of various products, including Single Super Phosphate (SSP) in both powdered and granulated forms, NPK Granulated and Mixed Fertilizers, and Zinc Sulphate.
Established on April 4, 1996, Balaji Phosphates Private Limited is a non-government company registered with the Registrar of Companies (RoC), Kanpur. The company strictly adheres to the guidelines set by the Fertilizer Control Order of India, ensuring compliance with industry regulations.
As of March 31, 2024, the company’s manufacturing facility had an annual production capacity of:
- 1,20,000 metric tons (MT) of SSP
- 3,300 MT of Zinc Sulphate
- 49,500 MT of NPK Granulated & Mixed Fertilizers
Financially, Balaji Phosphates reported a revenue of ₹151.55 crore in FY 2024, reflecting growth compared to the previous two years.
Balaji Phosphates IPO: Financial Performance
Balaji Phosphates has demonstrated steady revenue growth over the years. In FY 2024, the company reported a revenue of ₹151.68 crore, an increase from ₹144.64 crore in FY 2023. However, the profit after tax (PAT) stood at ₹6.04 crore in 2024, slightly lower than ₹6.09 crore in 2023.
Financial Summary (₹ in Crores)
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
|---|---|---|---|---|
| 2022 | ₹124.12 | ₹119.56 | ₹3.19 | ₹82.35 |
| 2023 | ₹144.64 | ₹136.37 | ₹6.09 | ₹96.83 |
| 2024 | ₹151.68 | ₹143.31 | ₹6.04 | ₹88.48 |
| August 2024 | ₹54.85 | ₹49.42 | ₹4.15 | ₹95.28 |
The company has maintained a consistent revenue increase, but a slight decline in profit in FY 2024 suggests a rise in operational costs. Meanwhile, the total assets stood at ₹88.48 crore in FY 2024, with a further increase to ₹95.28 crore by August 2024.
Balaji Phosphates IPO Valuation – FY 2024
Investors can evaluate Balaji Phosphates’ financial performance through key valuation metrics such as Earnings Per Share (EPS), Price-to-Earnings (P/E) Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV). Below are the detailed valuation figures for FY 2024:
Key Performance Indicators (KPI) – FY 2024
| Metric | Value |
|---|---|
| Return on Equity (ROE) | 18.89% |
| Return on Capital Employed (ROCE) | 16.7% |
| EBITDA Margin | 8.0% |
| Profit After Tax (PAT) Margin | 4.0% |
| Debt-to-Equity Ratio | 0.95 |
| Earnings Per Share (EPS) (Basic) | ₹3.39 |
| Price-to-Earnings (P/E) Ratio | N/A |
| Return on Net Worth (RoNW) | 17.26% |
| Net Asset Value (NAV) per Share | ₹19.62 |
These figures reflect strong financial fundamentals, with a healthy RoNW of 17.26% and an ROE of 18.89%, indicating efficient capital utilization. The company maintains a balanced debt-to-equity ratio of 0.95, showcasing a stable financial position.
Peer Group Comparison – Balaji Phosphates IPO
Below is a comparison of Balaji Phosphates with key industry peers based on Earnings Per Share (EPS), Price-to-Earnings (P/E) Ratio, Return on Net Worth (RoNW), Net Asset Value (NAV), and Total Income.
| Company | EPS (₹) | P/E Ratio | RoNW (%) | NAV | Total Income (₹ Cr.) |
|---|---|---|---|---|---|
| Coromandel International Ltd | 55.81 | 29.49 | 17.88% | NA | 22,289.75 |
| Paradeep Phosphate Ltd | 1.22 | 67.63 | 2.73% | NA | 11,643.95 |
| Rama Phosphate Ltd | (17.56) | NA | (9.39%) | NA | 604.18 |
Objectives of the IPO
The proceeds from the Balaji Phosphates IPO will be utilized for the following purposes:
- Capital Expenditure: Funding for business expansion and infrastructure development.
- Working Capital Requirements: Ensuring smooth operational and financial liquidity.
- General Corporate Purposes: Supporting overall business growth and strategic initiatives.
Balaji Phosphates IPO Review
IPO Watch Recommendation: May Apply
Below is a list of financial institutions and brokerage firms analyzing the Balaji Phosphates IPO:
- Canara Bank
- DRChoksey FinServ
- Emkay Global
- Hem Securities
- IDBI Capital
- Marwadi Shares
- Nirmal Bang
- SBICAP Securities
- Sharekhan
- SMC Global
- Sushil Finance
- Swastika Investmart
- Ventura Securities
- Geojit
- Reliance Securities
- Capital Market
- BP Wealth
- ICICIdirect
- Choice Broking
Balaji Phosphates IPO Registrar
The IPO registrar for Balaji Phosphates is Skyline Financial Services Private Ltd. Investors can contact them for queries related to IPO applications, allotments, and refunds.
- Registrar: Skyline Financial Services Private Ltd
- Phone: 022-28511022
- Email: ipo@skylinerta.com
- Website: Skyline Financial Services
IPO Lead Manager (Merchant Banker)
The lead manager for the Balaji Phosphates IPO is:
- Arihant Capital Markets Limited
Company Address – Balaji Phosphates Limited
Balaji Phosphates Limited
305, Utsav Avenue, 12/5, Usha Ganj, Jaora Compound,
Indore G.P.O., Indore, Madhya Pradesh – 452001
- Phone: +91 9827090267
- Email: infous@balajiphosphates.com
- Website: www.balajiphosphates.com
Balaji Phosphates IPO – Frequently Asked Questions (FAQs)
1. What is Balaji Phosphates IPO?
Balaji Phosphates IPO is an SME IPO, aiming to raise ₹50.11 crores. The price band is set between ₹66 to ₹70 per equity share, and the IPO will be listed on NSE.
2. When will the Balaji Phosphates IPO open for subscription?
The IPO will open for subscription on February 28, 2025, and will close on March 4, 2025 for QIB, NII, and Retail Investors.
3. What is the investors’ portion in the Balaji Phosphates IPO?
- Qualified Institutional Buyers (QIB): 30%
- Non-Institutional Investors (NII): 30%
- Retail Investors: 40%
How to apply for Balaji Phosphates IPO?
You can apply for the IPO using the ASBA (Application Supported by Blocked Amount) facility via your bank’s online portal. Alternatively, you can apply through UPI via your stock broker or submit an offline form through your broker.
1. What is the issue size of Balaji Phosphates IPO?
The total issue size of Balaji Phosphates IPO is ₹50.11 crores.
2. What is the price band for Balaji Phosphates IPO?
The price band for the IPO is ₹66 to ₹70 per share.
3. What is the minimum lot size for Balaji Phosphates IPO?
The minimum bid lot is 2,000 shares, requiring an investment of ₹1,40,000.
4. When is the allotment date for Balaji Phosphates IPO?
The allotment for Balaji Phosphates IPO is expected to be finalized on March 5, 2025.
5. When is the listing date for Balaji Phosphates IPO?
Balaji Phosphates IPO is scheduled to be listed on March 7, 2025.
