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Here are the important dates you need to know in order to participate in this IPO
Offer Start Date
28th Feb
Offer End Date
4th Mar
Allotment Date
5th Mar
Refund Initiation
5th Mar
Demat Transfer
6th Mar
Listing Date
7th Mar
Balaji Phosphates Limited, a leading player in the fertiliser manufacturing industry, has announced its Initial Public Offering (IPO), aiming to raise funds for business expansion, operational enhancements, and working capital requirements. Established in 1996, the company has built a strong reputation for producing high-quality Single Super Phosphate (SSP), NPK Granulated and Mixed Fertilizers, and Zinc Sulphate, adhering to India's Fertilizer Control Order regulations. With a presence across key agricultural regions like Madhya Pradesh, Chhattisgarh, Maharashtra, Andhra Pradesh, and Telangana, Balaji Phosphates serves a vast network of retailers, wholesalers, and cooperatives, ensuring efficient distribution and accessibility for farmers.
The company’s Dewas, Madhya Pradesh manufacturing unit has a robust production capacity, including 120,000 MT per year for SSP, 3,300 MT for Zinc Sulphate, and 49,500 MT for NPK Granulated & Mixed Fertilizers. With 40 skilled and unskilled employees, the company focuses on sustainable production and innovation in fertiliser manufacturing. The IPO will provide the necessary financial backing to strengthen its market position, expand production capabilities, and enhance its distribution network, further driving growth in the agricultural sector.
| Pre-Issue | Post-Issue | |
|---|---|---|
| Promoter Group | 100% | 69.9% |
| Public Group | 0% | 30.1% |
| QIB Shares Offered | 8,16,000 (11.4%) |
| NII (HNI) Shares Offered | 20,40,000 (28.5%) |
| Retail Shares Offered | 27,20,000 (38%) |
| Anchor Investor Shares Offered | 12,24,000 (17.1%) |
| Total Shares Offered | 71,58,000 |
| Total Shares With Anchor Investor | 71,58,000 |
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 2,000 | ₹1,40,000 |
| Retail (Max) | 2 | 2,000 | ₹1,40,000 |
| S HNI (Min) | 3 | 3,000 | ₹2,10,000 |
| S HNI (Max) | 14 | 14,000 | ₹9,80,000 |
| B HNI (MIN) | 15 | 15,000 | ₹10,50,000 |
| Bid Date | February 27, 2025 |
| Skyline Financial Services Pvt | |
|---|---|
| Phone Number | 011-40450193-97 |
| Email Id | grievances@skylinerta.com |
| Website | www.skylinerta.com |
1. Arihant Capital Markets Ltd
| March 31, 2025 | March 31, 2024 | March 31, 2023 | |
|---|---|---|---|
| Net Worth | ₹80.04 Cr | ₹35 Cr | ₹28.96 Cr |
| Reserves and Surplus | ₹56.26 Cr | ₹17.17 Cr | ₹20.05 Cr |
| Total Borrowing | ₹31.27 Cr | ₹33.22 Cr | ₹26.31 Cr |
| Category | No. of shares offered | No. of shares bid | Subscription (Times) |
|---|---|---|---|
| Qualified Institutional Buyers (QIBs) | 8,16,000 | 18,46,000 | 2.2623 |
| Non Institutional Investors (NIIs) | 20,40,000 | 30,92,000 | 1.5157 |
| Retail Individual Investors (RIIs) | 27,20,000 | 29,76,000 | 1.0941 |
| Total | 65,86,000 | 79,14,000 | 1.2016 |
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Our company operates in the fertiliser sector, which is directly dependent on the agricultural industry.
Agriculture plays a crucial role in the Indian economy, contributing significantly to national growth and development.
As per the Second Advance Estimates of National Income, the share of agriculture and allied sectors in the total Gross Value Added (GVA) for 2022-23 stood at 18.3%, with a growth rate of 3.3%.
This highlights the importance of agriculture in driving economic progress and ensuring food security.
Between April 2000 and September 2023, Foreign Direct Investment (FDI) in agricultural services amounted to US$ 4.77 billion, demonstrating global interest in India's agricultural potential.
According to a report by Bain & Co., the Indian agricultural sector is projected to expand to US$ 30-35 billion by 2025, indicating strong growth prospects.
These trends emphasise the increasing investments and advancements in agriculture, benefiting the fertiliser industry.
Balaji Phosphates Ltd IPO is a SME IPO of 71,58,000 equity shares of a face value of ₹10 aggregating up to ₹50.11 Crores. The issue is priced at ₹66 to ₹70 per share. The minimum order quantity is 1000 Shares. The IPO opens on February 28, 2025, and closes on March 04, 2025. Skyline Financial Services Pvt is the registrar for the IPO. The shares are proposed to be listed on NSE-SME.
The Balaji Phosphates Ltd IPO opens on February 28, 2025 and closes on March 04, 2025.
Balaji Phosphates Ltd lot size is 1000 shares, and the minimum amount required is ₹1,40,000.
You can apply in Balaji Phosphates Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:
The finalization of Basis of Allotment for Balaji Phosphates Ltd IPO will be done on March 05, 2025, and the allotted shares will be credited to your demat account by March 06, 2025.
The Balaji Phosphates Ltd listing date is March 07, 2025.
The registrar of Balaji Phosphates Ltd IPO is Skyline Financial Services Pvt
Arihant Capital Markets Ltd will be the book-running lead manager of this IPO.
The fresh issue size is ₹41.58 Crores equity shares.
Retail investors can subscribe to a minimum of one lot, 1000 shares and ₹1,40,000 amount.
To apply for Balaji Phosphates Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.
The price of each Balaji Phosphates Ltd share will be ranging in between ₹66 to ₹70 per share.
The cut-off time for the UPI mandate confirmation is 5:00 PM, March 04, 2025.
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