0.76x
subscribed
Balaji Phosphates IPO
Balaji Phosphates IPOFertilizers
listed
0.76x
subscribed
₹1.32LMin. investment
About Balaji Phosphates Limited
Issue size
₹50Cr
IPO type
SME
Market Cap
₹166.44CrLower than sector avg
Price range
₹66.00 – ₹70.00
Listing ExchangeNSE
RevenueApr 2023 - Mar 2024
₹151.54CrLower than sector avg
Lot size
2000 shares
Red Herring Prospectus
Read
Growth rate3Y CAGR
7.02%Higher than sector avg
SectorFertilizers
Price range₹66.00 – ₹70.00
IPO type
SME
Lot size2000 shares
Issue size₹50Cr
Red Herring Prospectus
Read
Market Cap
₹166.44CrLower than sector avg
RevenueApr 2023 - Mar 2024
₹151.54CrLower than sector avg
Growth rate3Y CAGR
7.02%Higher than sector avg
Checklist
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Working capital requirements
45.69%
Capital expenditure for warehouse & facility upgradation
30.95%
General corporate purposes
Not assigned
Balaji Phosphates Ltd. is a leading producer of high-quality phosphate-based fertilizers, including Single Super Phosphate (SSP), Zinc Sulphate, and NPK Granulated & Mixed Fertilizers under the brands ‘RATNAM’ and ‘BPPL’. These products enhance soil fertility and support plant growth by addressing deficiencies in phosphorus, zinc, nitrogen, and potassium. With a focus on quality, the company serves farmers and cooperatives in regions like Madhya Pradesh and Maharashtra. Led by experienced promoters, Balaji Phosphates ensures high operational standards and product quality through rigorous testing and a well-equipped manufacturing unit.
IPO Subscription Status
Latest News on IPO
Upcoming IPOs: Nukleus Office Solutions IPO is a fresh issuance of 13.55 lakh shares aggregating ₹31.70 crore. It is a fixed-price issue at ₹234 per equity share.
3 min read
Balaji Phosphates IPO will open for subscription on February 28, 2025. The company aims to raise ₹50.11 crore with a price band of ₹66-70 per share. The IPO includes a fresh issue and offer-for-sale. Shares will be listed on the NSE SME platform.
3 min read
The phosphates manufacturer’s public offer is open for subscription until Tuesday, March 4. Through its maiden share sale, the company aims to raise ₹50.11 crore from the primary market. Balaji Phosphates's IPO listing date has been scheduled for March 7.
4 min read
Balaji Phosphates IPO listing date has been tentatively fixed at March 7. The initial share sale was a book-building issue worth ₹50.11 crore. The IPO was open for bidding from February 28 to March 4.
4 min read
Balaji Phosphates IPO made a strong debut on March 7, listing at ₹75 per share, a 7% premium over its issue price of ₹70. The company raised ₹50.11 crore through its IPO, which was subscribed 1.26 times.
3 min read
Frequently asked questions
How to invest in the IPO?
Investors can apply for the IPO through their Demat account via the stock exchange or through their broker.
What is the issue size of Balaji Phosphates IPO ?
The issue size of the Balaji Phosphates IPO is 50 Cr.
What is 'pre-apply' for Balaji Phosphates IPO ?
Pre-applying for an IPO allows you to submit your application before the official subscription period begins.
Which exchanges will Balaji Phosphates IPO shares list on?
The IPO shares will typically list on major stock exchanges such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), as specified in the IPO prospectus.
Timeline
- Pre-apply26 Feb 2025
- Bidding starts28 Feb 2025
- Bidding ends4 Mar 2025
- Allotment finalisation5 Mar 2025
- Release of funds6 Mar 2025
- Demat transfer6 Mar 2025
- Listing7 Mar 2025