IPO Details
Bidding Dates
28 Feb 25 - 04 Mar 25
Price Range ₹
66 - 70
Total Equity
₹ 46.10Cr
Lot Size
2000
Exchange Status
NSE
IPO Doc
Subscription Rate
Non-Institutional Investor
0.00×
Qualified Institutional Buyers
0.00×
Employees
0.00×
Retail Investors
0.00×
Total subscription Rate
0.00×
IPO Timeline
Offer start
28 Feb 2025
Offer end
04 Mar 2025
Allotment
05 Mar 2025
Refund initiation
06 Mar 2025
Demat transfer
06 Mar 2025
Listing
07 Mar 2025
Offer start
28 Feb 2025
Offer end
04 Mar 2025
Allotment
05 Mar 2025
Refund initiation
06 Mar 2025
Demat transfer
06 Mar 2025
Listing
07 Mar 2025
About Company
Established in 1996, Balaji Phosphates Limited specializes in manufacturing and supplying Single Super Phosphate (SSP), NPK Granulated and Mixed Fertilizers, and Zinc Sulphate, all adhering to India's Fertilizer Control Order standards. The company markets its products under the brands ‘RATNAM’ and ‘BPPL,’ catering to retailers, wholesalers, and cooperatives, with farmers as the end users. Its product portfolio includes phosphate fertilizers like SSP, Zinc Sulphate, and NPK Mix, designed to enhance plant growth and improve soil fertility in agriculture. Balaji Phosphates operates in regions such as Madhya Pradesh, Chhattisgarh, Maharashtra, Andhra Pradesh, and Telangana. The company’s manufacturing facility is located in Dewas, Madhya Pradesh, with an annual production capacity of 120,000 MT for Single Super Phosphate, 3,300 MT for Zinc Sulphate, and 49,500 MT for NPK Granulated & Mix as of March 31, 2024. As of August 31, 2024, the company employs 40 individuals, including skilled and unskilled workers, administrative staff, management, and operations teams.
Year Founded
04-04-1996
Promotor Details
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 100 | 69.9 |
| Share Capital | 17837100 | 116619100 |
Offer to Public
65,86,000.00 Cr
Project Details
- General Corporate Purposes - 46.904cr
- To meet the working Capital requirements - 190cr
- To meet Capital expenditure towards establishing a warehouse at our subsidiaries factory premise & u - 128.79cr
Objectives
- Cost Effective sourcing and Strategic Location of Manufacturing Unit.Cordial relations with customers.Sustainable business model.Leveraging the expertise of our Promoters and Management Team.Quality assurance.
Highlights
- Over 20 years of expertise in the fertilizer sector.
- Extensive distribution network spanning five key states.
- Strong brand recognition through ‘RATNAM’ and ‘BPPL’.
- Strategically positioned manufacturing facility in Dewas, Madhya Pradesh.
- Seasoned leadership team with deep industry knowledge.
Challenges
- Increasing raw material costs impacting profitability.
- Limited market reach beyond five states.
- Subject to regulatory risks affecting pricing and subsidies.
- Faces competition from larger fertilizer manufacturers.
- Revenue influenced by fluctuations in fertilizer industry demand.
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2023 | 9,682.72 | 891.86 | 604.05 | 604.03 | 3.3864 |
| 2024 | 8,848.34 | 1,783.71 | 604.05 | 604.03 | 3.3864 |
| 2022 | 8,235.43 | 594.57 | 608.76 | 608.75 | 3.4128 |
