Balaji Phosphates Limited
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
Price Band₹66 - ₹70 |
Dates28 Feb - 04 Mar |
GMP₹0 (0.00%) |
Subscriptions1.42 times |
Issue Size₹50.11 Crs |
Balaji Phosphates IPO Objects
- To meet the capital expenditure requirements
- To meet the working capital requirements
- General corporate purposes
Balaji Phosphates IPO Details
Price Band₹66 - ₹70 |
Listing AtNSE SME |
IPO Issue Type100% Book Built Offer |
Fresh Issue₹41.58 Cr (0.59 Cr Shares) |
Offer For Sale₹8.53 Cr (0.12 Cr Shares) |
Total Issue₹50.11 Cr (0.72 Cr Shares) |
Face Value₹10 per equity share |
Balaji Phosphates IPO Lot Information
| Investor Category | Lot | Shares | Amount | |
|---|---|---|---|---|
| Retail |
Minimum
1
2,000
1,40,000
Maximum
1
2,000
1,40,000
|
|||
| NII |
Minimum
2
4,000
2,80,000
|
|||
Balaji Phosphates IPO Subscription
Updated as on 04-Mar-2025 19:00:05 hrs
| Investor Category | Subscription (times) | Shares Offered | Shared Bid |
|---|---|---|---|
| QIB | 2.26 | 8,16,000 | 18,46,000 |
| NII | 1.52 | 20,40,000 | 30,92,000 |
| Retail | 1.09 | 27,20,000 | 29,76,000 |
| Total | 1.42 | 55,76,000 | 79,14,000 |
Balaji Phosphates IPO GMP
The estimated Grey Market Premium of Balaji Phosphates IPO is ₹0 per share (0.00%)
1. GMPs are available for IPOs with listing dates from May 1, 2025, onwards.
2. The GMP prices displayed here reflect news related to grey market trends. We do not trade or deal in the grey market, including subject-to-rates, nor do we recommend participating in grey market trading.
Category Allocation
| Particulars | Allocation |
|---|---|
| QIB | Not more than 30% of net offer |
| NII | Not less than 30 % of net offer |
| Retail | Not less than 40% of net offer |
| Market Maker | 3,58,000 EQ Share |
Balaji Phosphates IPO Financials
| 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 |
The financial information presented is on a consolidated basis
Key Performance Indicators
| KPI | KPI |
|---|---|
| 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
Balaji Phosphates IPO Peer Comparision
| 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
Balaji Phosphates IPO Peer Comparision
| Particulars | Co. |
|---|---|
| Revenue from Ops (in Crs.) | 151.55 |
| PAT (In Crs.) | 6.04 |
| EPS - Basic | 3.39 |
| RONW | 17.26% |
| EBITDA | 8.00% |
| PAT Margin | 4.00% |
| Price to earning (PE) | 20.65 |
| Debt to Equity | 0.95 |
| Coromandel International | Paradeep Phosphates | Rama Phosphates |
|---|---|---|
| 22,058.39 | 11,575.12 | 603.17 |
| 1,640.64 | 99.91 | -31.07 |
| 55.75 | 1.22 | -17.56 |
| 18.90% | 3.28% | -9.39% |
| 10.87% | 6.19% | -3.22% |
| 7.44% | 0.86% | -5.15% |
| 30.57 | 77.23 | NA |
| 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
Promoter Details
| Name | Shareholding |
|---|---|
| Mr. Mohit Airen | 40.29% |
| Mr. Alok Gupta | 32.76% |
| Other promoter | 26.95% |
Management Details
| Name | Designation |
|---|---|
| Mr. Mohit Airen | MD |
| Mr. Ravindra Chourishi | CFO |
Company Details
Name : Balaji Phosphates Limited
Address : 305, Utsav Avenue, 12/5, Usha Ganj Jaora Compound, Indore G.P.O., Indore (Madhya Pradesh)- 452001
Number : 91+9827090267
Email : infous@balajiphosphates.com
Website : www.balajiphosphates.com
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Visit WebsiteFrequently Asked questions?
Find answers to common questions that come in your mind related to IPO.
Balaji Phosphates IPO is a SME IPO having an issue size of Rs. ₹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.
Balaji Phosphates IPO opens on 28 Feb 25 and closes on 04 Mar 25.
The estimated Grey Market Premium of Balaji Phosphates IPO is ₹0 per share (0.00%).
The minimum lot size of Balaji Phosphates IPO is 2000 shares & the minimum application amount is Rs. 140000.
The allotment date of Balaji Phosphates IPO is 05 Mar 25.
The listing date of Balaji Phosphates IPO is 07 Mar 25.
Balaji Phosphates IPO is subscribed 1.42 times.
Balaji Phosphates IPO is priced at ₹66 - ₹70 per share.
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