Balaji Phosphates specializes in the production and distribution of Single Super Phosphates (SSP), Zinc Sulphate, and Mixed fertilizers, marketed under the brand names “RATNAM” and “BPPL.” These products are supplied to wholesalers, retailers, and state-owned cooperatives. The company utilizes two primary raw materials: Crushed Rock Phosphate (CRP), sourced from countries like Jordan, Morocco, Egypt, and other Gulf nations, and Benefited Rock Phosphate (BRP), which is procured locally.
The fertilizers produced by Balaji Phosphates are widely used in the agriculture sector to improve plant growth, correct phosphorus deficiencies, and support root development. The company primarily operates in states such as Madhya Pradesh, Chhattisgarh, Maharashtra, Telangana, and Andhra Pradesh.
The IPO of Balaji Phosphates is set to open on February 28, 2025, and will close on March 4, 2025. The price band for the IPO is fixed between ₹66 and ₹70 per share. The allocation is divided as follows: 40% for retail investors, 30% for Qualified Institutional Buyers (QIBs), and 30% for High-Net-Worth Individuals (HNIs). The shares are expected to be listed on the NSE on March 7, 2025, with the allotment date scheduled for March 5, 2025.
In terms of financial performance, the company reported revenue of ₹151.68 crores in 2024, up from ₹144.64 crores in 2023. However, its profit saw a marginal decline, with ₹6.04 crores in 2024 compared to ₹6.09 crores in the previous year.
Balaji Phosphates IPO Details
| IPO Open Date: | February 28, 2025 |
| IPO Close Date: | March 4, 2025 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹66 to ₹70 Per Share |
| Issue Size: | Approx ₹50.11 Crores |
| Fresh Issue: | Approx ₹41.58 Crores |
| Offer for Sale: | Approx 12,18,000 Equity Shares |
| IPO Listing: | NSE SME |
| Retail Quota: | Not more than 40% |
| QIB Quota: | Not more than 30% |
| NII Quota: | Not more than 30% |
Balaji Phosphates IPO Timeline
| IPO Open Date: | February 28, 2025 |
| IPO Close Date: | March 4, 2025 |
| Basis of Allotment: | March 5, 2025 |
| Refunds: | March 6, 2025 |
| Credit to Demat Account: | March 6, 2025 |
| IPO Listing Date: | March 7, 2025 |
Balaji Phosphates SME IPO Lots
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹66.00-70.00 |
| Market Lot: | 2,000 Shares |
| 1 Lot Amount: | ₹1,40,000 |
| Min HNI Lots: | 4000 shares (2 lots) – ₹2,80,000 |
Balaji Phosphates Limited: In-Depth Financial Analysis and Key Insights
| Period Ended | 31 Aug 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 95.28 | 88.48 | 96.83 | 82.35 |
| Revenue | 54.85 | 151.68 | 144.64 | 124.12 |
| Profit After Tax | 4.15 | 6.04 | 6.09 | 3.19 |
| Net Worth | 39.15 | 35 | 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 |
