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Balaji Phosphates IPO IPO

SME28 Feb to 4 Mar, 202528 Feb to 4 Mar, 2025
Open
28 Feb to 4 Mar, 2025
Close
28 Feb to 4 Mar, 2025
3
Allotment
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

07-03-20250Est. ₹70+0%
06-03-20250Est. ₹70+0%
05-03-20250Est. ₹70+0%

Live Subscription

CategorySubscription (times)
Total1.16x

Restated Financials (₹ Cr.)

Period Ended31 Aug 202431 Mar 202431 Mar 202331 Mar 2022
Assets95.2888.4896.8382.35
Total Income54.85151.68144.64124.12
Profit After Tax4.156.046.093.19
NET Worth39.1535.0028.9722.86
Reserves and Surplus21.3117.1720.0516.92
Total Borrowing35.5833.2226.3219.88
Amount in ₹ Crore

Peer Comparison

CompanyIssue TypeIssue SizeIssue PricePE RatioListing Day CloseListing Gain/Loss %LTP
Anya Polytech & Fertilizers Ltd.SME₹44.80 Cr₹1412.35₹17.95+28.21%₹15.55 (+1.63%)

Objects of the Issue

#Issue ObjectsEst Amt (₹ Cr.)
1To meet Capital expenditure towards establishing a warehouse at subsidiaries factory premise & upgradation of existing facilities12.88
2To meet the working capital requirements19.00
3General Corporate Purposes4.69
4Issue expenses5.01
Total41.58

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