Balaji Phosphates Limited IPO is opening on 28 February 2025 and will close on 4 March 2025. This SME IPO is raising ₹50.11 crore from a mix of fresh issue of 59.40 lakh equity shares and offer for sale (OFS) of 12.18 lakh equity shares. The fresh issue will amount to ₹41.58 crore while the OFS is amounting to ₹8.53 crore.
The Balaji Phosphates IPO allotment date will be finalized on Wednesday, 5 March 2025. Balaji Phosphates shares will probably be listed on NSE SME on Friday, 7 March 2025.
Balaji Phosphates IPO price band has been set between ₹66 to ₹70 per share. The minimum number of shares or the lot size is 2000 indicating the minimum investment requirement for retail investors is ₹132000. The minimum lot size and investment amount for the HNIs is 2 lots which amounts to a minimum investment of ₹280000.
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Balaji Phosphates NSE SME IPO Details
| Detail | Information |
| IPO Opening Date | February 28, 2025 |
| IPO Closing Date | March 4, 2025 |
| Tentative IPO Listing Date | March 7, 2025 |
| Face Value | ₹10 per share |
| Price Range | ₹66 to ₹70 per share |
| Lot Size | 2000 shares |
| Total Issue Size | 7158000 Shares (₹50.11Cr.) |
| Fresh Issue | 5940000 Shares (₹41.58 Cr.) |
| OFS | 1218000 Shares (₹8.53 Cr.) |
| IPO Segment | Book Built Issue IPO |
| Listing At | NSE SME |
| Share Holding Pre-Issue | 17837100 shares |
| Share Holding Post-Issue | 23777100 shares |
Balaji Phosphates Limited | Company Overview
Balaji Phosphates Limited was started in 1996 which supplies and manufactures Single Super Phosphate and related products. The products of the firm are marketed with the brand name “Ratnam” and also as “BPPL”.
Product Portfolio
- Single Super Phosphate
- Zinc Sulphate
- NPK Granulated and Mixed Fertilizers
All these products are produced as per standards set by India’s fertilizers Control.
The clients of Balaji Phosphates range from retailers, cooperatives, wholesalers, and farmers who are the end users.
Regions that Balaji serves include –
- Madhya Pradesh
- Maharashtra
- Chhattisgarh
- Telangana
- Andhra Pradesh
The manufacturing unit is located at Dewas in MP where it can produce –
- 120000 MT per year of Single Super Phosphate
- 3300 MT of Zinc Sulphate in a year
- 49500 MT of NPK Granulated and Mixed Fertilizers
Balaji Phosphates Limited IPO | Key Details
- Balaji Phosphates IPO Opening Date: February 28, 2025,
- Balaji Phosphates IPO Closing Date: March 4, 2025.
- Allotment Date: March 5, 2025
- Price Band: ₹66 to ₹70 per share
- Lot Size: 2000 shares
- Refunds Initiated: March 6, 2025
- Shares Credited to Demat: March 6, 2025
- Listing Date: March 7, 2025
Balaji Phosphates Ltd: Financial Overview
Balaji Phosphates Limited saw a nominal dip in its profit in FY24 by 0.82% while its revenue increased by 4.87% during the period.
Here are the details of the financials of the firm
Amounts in ₹ Crore
| Financial Information | 31-Mar-24 | 31-Mar-23 | Change | Change (%) |
| Assets | 88.48 | 96.83 | -8.35 | -8.62336053 |
| Revenue | 151.68 | 144.64 | 7.04 | 4.867256637 |
| Profit After Tax | 6.04 | 6.09 | -0.05 | -0.82101806 |
| Net Worth | 35 | 28.97 | 6.03 | 20.81463583 |
| Reserve & Surplus | 17.17 | 20.05 | -2.88 | -14.3640898 |
| Total Borrowing | 33.22 | 26.32 | 6.9 | 26.21580547 |
Balaji Phosphates Ltd IPO | FAQs
Balaji Phosphates Ltd manufactures and supplies different fertilizers for agricultural uses such as Single Super Phosphate, Zinc Sulphate, etc.
The tentative IPO listing date of Balaji Phosphates has been fixed as Friday, March 7, 2025.
The bidding date for the Balaji Phosphates IPO is February 28, 2025, and it will continue until March 4, 2025.
The minimum IPO lot size for Balaji Phosphates is 2000 shares and for HNIs, it is 2 lots.
The IPO allotment is expected to be finalized on Wednesday, March 5, 2025.
The IPO face value is set at ₹10 per share.
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