
✓
Open
28 Feb to 4 Mar, 2025
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Close
28 Feb to 4 Mar, 2025
3
Allotment
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Listing
Fri, Mar 7, 2025
Price Band
₹66 to ₹70
Issue Size
71,58,000 shares (agg. up to ₹50 Cr)
Lot Size
2,000 Shares
Listing Date
Fri, Mar 7, 2025
Latest GMP
₹0
Est. Gain
0%
✦ AI Insight
GMP Trend
07-03-2025₹0Est. ₹70+0%
06-03-2025₹0Est. ₹70+0%
05-03-2025₹0Est. ₹70+0%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 1.16x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Aug 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 95.28 | 88.48 | 96.83 | 82.35 |
| Total Income | 54.85 | 151.68 | 144.64 | 124.12 |
| Profit After Tax | 4.15 | 6.04 | 6.09 | 3.19 |
| NET Worth | 39.15 | 35.00 | 28.97 | 22.86 |
| Reserves and Surplus | 21.31 | 17.17 | 20.05 | 16.92 |
| Total Borrowing | 35.58 | 33.22 | 26.32 | 19.88 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Anya Polytech & Fertilizers Ltd. | SME | ₹44.80 Cr | ₹14 | 12.35 | ₹17.95 | +28.21% | ₹15.55 (+1.63%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To meet Capital expenditure towards establishing a warehouse at subsidiaries factory premise & upgradation of existing facilities | 12.88 |
| 2 | To meet the working capital requirements | 19.00 |
| 3 | General Corporate Purposes | 4.69 |
| 4 | Issue expenses | 5.01 |
| Total | 41.58 |
About Balaji Phosphates IPO
Incorporated in 1996, Balaji Phosphates Limited manufactures and supplies Single Super Phosphate (SSP), NPK Granulated and Mixed Fertilizers, and Zinc Sulphate, all compliant with India's Fertilizer Control Order standards. The company markets its products under the brands ‘RATNAM’ and ‘BPPL’ to various customers, including retailers, wholesalers, and cooperatives, with farmers as end users. The product portfolio consists of Phosphate fertilizers like SSP, zinc sulfate, and NPK Mix enhance plant growth in agricultural soils. The company sells its products in regions such as Madhya Pradesh, Chhattisgarh, Maharashtra, Andhra Pradesh and Telangana. The company's manufacturing unit is in Dewas, Madhya Pradesh. As of March 31, 2024, the company's manufacturing unit had capacities of 120,000 MT per year for Single Super Phosphate, 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 labour, administrative staff, management, and operations teams. Competitive Strength Long standing in the fertilizer trade. Wide spread network in regions Madhya Pradesh, Chhattisgarh, Maharashtra, Andhra
Contact Details
Balaji Phosphates Ltd. Address305, Utsav Avenue, 12/5Usha Ganj Jaora CompoundIndore, Madhya Pradesh, 452001+919827090267balajiphosphate@gmail.comVisit Website