Balaji Phosphates Limited IPO

Balaji Phosphates Ltd

₹1,32,000 /2000 sharesMinimum Investment

Balaji Phosphates Limited IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
--₹70.00₹75.00₹5.00 (7.14%)

Balaji Phosphates Limited IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
28 Feb ‘25 - 4 Mar ‘25₹1,32,0002,000₹66 - ₹70
Issue SizeIPO Doc
50.11Cr
RHP PDF

Subscription rate

As of 04 Mar'25, 04:00 PM
Qualified Institutional Buyers0.97x
Non-Institutional Investor1.40x
Retail Individual Investor0.84x
Total0.90x

About Balaji Phosphates Limited

Balaji Phosphates Limited is engaged in the manufacture and supply of fertilisers, including single super phosphate (SSP) in both powder and granulated forms, NPK granulated and mixed fertilisers, and zinc sulphate. These fertilisers conform to the Fertiliser Control Order of India and are marketed under the brand names ‘RATNAM’ and ‘BPPL.’ The company supplies its products to retailers, wholesalers, and state-owned cooperatives, with farmers as the end users. Balaji Phosphates sources key raw materials such as rock phosphate from countries including Jordan, Morocco, and Egypt, while locally procuring beneficiated rock phosphate (BRP) and sulfuric acid. It operates a manufacturing unit in Dewas, Madhya Pradesh.;
Founded in
1996
Managing director
Mr Mohit Airen
Parent organisation
Balaji Phosphates Ltd

Strengths & Financials of Balaji Phosphates Limited

Strengths
Risks
Balaji Phosphates has been operating in the fertiliser industry for several years. The company claims to have an established network of quality dealers and raw material suppliers.
Balaji Phosphates’ manufacturing unit is located in the Dewas industrial area of Madhya Pradesh, which is centrally positioned to serve key agricultural regions.
The company claims to have an in-house testing laboratory equipped with electronic analytical balances, pH metres, sieve shakers, muffle furnaces, water distillation plants, and magnetic stirrers. This laboratory is used to conduct quality control tests on raw materials and finished products.
The company has seen a consistent increase in revenue from operations. Revenue from operations increased from Rs 123.65 crore in FY22 to Rs 144.54 crore in FY23 to Rs 151.55 crore in FY24.

Balaji Phosphates Limited Financials

*All values are in Rs. Cr
No Graph Data To Display

Application Details of Balaji Phosphates Limited IPO

Apply asPrice bandApply upto
Regular66 - 70₹2 Lakh
High Networth Individual66 - 70₹2 - 5 Lakh
For Balaji Phosphates Limited IPO, eligible investors can apply as Regular.
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