February 28, 2025
admin
What was the last grey market premium of Balaji Phosphates IPO?
For latest GMP, Click
Subscription status of Balaji Phosphates IPO
|
Balaji Phosphates IPO Price Rs. – Lot- shares, Rs. – Crore |
||||
| QIB | NII x | RII x | Total x | Applications |
| Amount wise bids recd. Rs. ? Crore | ||||
| Note: | ||||
What is the business of Balaji Phosphates?
Balaji Phosphates Limited, established in 1996, specializes in the production and supply of Single Super Phosphate (SSP), NPK Granulated and Mixed Fertilizers, and Zinc Sulphate, all in adherence to India’s Fertilizer Control Order standards.
The company markets its products under the brands ‘RATNAM’ and ‘BPPL,’ catering to a diverse customer base, including retailers, wholesalers, cooperatives, and ultimately, farmers as the end users.
Its product range includes phosphate-based fertilizers such as SSP, zinc sulfate, and NPK Mix, which promote plant growth and improve soil quality in agricultural settings.
Balaji Phosphates operates in key regions like Madhya Pradesh, Chhattisgarh, Maharashtra, Andhra Pradesh, and Telangana, ensuring widespread distribution of its products.
The company’s manufacturing facility is located in Dewas, Madhya Pradesh. As of March 31, 2024, it has 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.
By August 31, 2024, Balaji Phosphates employed a total of 40 staff members, including skilled and unskilled labor, administrative personnel, and management and operations teams.
Get more information about the company @ https://www.balajiphosphates.com/2
|
Balaji Phosphates IPO Details |
|
| IPO opens on | 28 February 2025 |
| IPO closes on | 4 March 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 7158000 Shares / Rs 50.10 Crore |
| * Fresh Issue | 594000000 Shares / Rs 41.58 Crore |
| * Offer for Sale – | 1218000 shares / Rs. 8.52 crore |
| Market Maker Portion | 358000 Shares |
| Net offer to Public | 6800000 Shares/ Rs 47.60 Crore |
| Face Value per share | Rs. 10 |
| Price Band | Rs. 66-70 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 2000 Shares |
| Listing will at | NSE SME |
Shares offered in IPO |
||
| Shares | Rs. (Crore) | |
| QIB (30%) | 2040000 | 14.28 |
| HNI (30%) | 2040000 | 14.28 |
| RII (40%) | 2720000 | 19.04 |
| Total Shares | 6800000 | 47.60 |
| Retail portion will be oversubscribed by |
1360 | |
| Forms | ||
| How much Shares to Apply in this IPO? | ||
| Min Retail Application | 2000 Shares | Rs.140000 |
| Min HNI Application | 4000 Shares | Rs. 280000 |
Who are the Promoters of Balaji Phosphates?
The promoters of the company are Mr. Alok Gupta and Mr. Mohit Airen.
What are the Objects of Balaji Phosphates IPO?
The company proposes to utilize the net proceeds from the Fresh Offer towards funding the following objects:
- To meet the capital expenditure requirements;
- To meet the working capital requirements; and
- General corporate purposes
Tentative timetable |
|
| IPO opens on | 28 February 2025 |
| IPO Closes on | 4 March 2025 |
| IPO Allotment on | 5 March 2025 |
| Refund Initiation | 6 March 2025 |
| Credit of Shares | 6 March 2025 |
| Listing on | 7 March 2025 |
| Registered Office of the Company Balaji Phosphates Limited 305, Utsav Avenue, 12/5 Usha Ganj Jaora Compound, Indore G.P.O., Indore- 452001 |
| Who is the Lead Manager of this IPO? Arihant Capital Market ltd |
|
Who is the Registrar to IPO? |
Swasth Foodtech India IPO GMP grey market premium, review, Subscription, allotment, listing estimate
|
Balaji Phosphates IPO Financial & Analytical Ratios |
||||
| Year | Total Income |
Net Profit |
EPS | RoNW |
| Rs.in Crore | Rs.in Crore | Rs. | % | |
| 2021-22 | 124.12 | 3.19 | 1.79 | 13.96 |
| 2022-23 | 144.64 | 6.09 | 3.42 | 21.02 |
| 2023-24 | 151.68 | 6.04 | 3.39 | 17.26 |
| Book Value of the Share on 31.03.2024 |
– | |||
| BV of the Share at cap price after IPO |
Rs. | |||
| Offer Price/upper band | Rs. | 70 | ||
Key Performance
|
|
| Price/EPS of 23-24 | 20.65 |
| Price/BV Ratio | – |
| Debt/Equity Ratio | 0.91 |
How Balaji Phosphates IPO compares with the Peers?
| As per RHP | FV | Total | PE |
| Income (Cr) | Ratio | ||
| Balaji Phosphatates | 10 | 152 | 20.65 |
| Coromandel International | 1 | 22290 | 30.60 |
| Pradeep Phosphates | 10 | 11644 | 6.64 |
| Rama Phosphates | 10 | 604 | – |
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Balaji Phosphates IPO Review by Paresh Gordhandas, CA & Research Analyst.
Balaji Phosphates Limited, established in 1996, specializes in the production and supply of Single Super Phosphate (SSP), NPK Granulated and Mixed Fertilizers, and Zinc Sulphate, all in adherence to India’s Fertilizer Control Order standards.
The company markets its products under the brands ‘RATNAM’ and ‘BPPL,’ catering to a diverse customer base, including retailers, wholesalers, cooperatives, and ultimately, farmers as the end users.
The company has strong profitability and balancesheet. The inventory level and receivables are at normal levels and there is no sign of accounting manipulations. The shares are offered at attractive valuation
+ from fundamental angle: Apply
+ from grey market angle:
Quicklinks
| Balaji Phosphates |
Balaji Phosphates IPO GMP today allotment, review?
Balaji Phosphates IPO GMP grey market premium
| Balaji Phosphates |
Balaji Phosphates IPO GMP
