Balaji Phosphates Ltd
Price Range
₹66 - ₹70
Min. Quantity
2,000
Closes on
4 March 2025
Min. investment
₹1,40,000/2,000 Shares
Balaji Phosphates Ltd IPO Timeline
Balaji Phosphates Limited was originally incorporated as Balaji Phosphates Private Limited on April 4, 1996, through a Certificate of Incorporation issued by the Registrar of Companies, Kanpur, under the provisions of the Companies Act, 1956. Pawan Kumar Agrawal and Sushil Kumar Agrawal were the initial subscribers to the company. In 2014, control of the company was transferred to its current promoters, Mr. Mohit Airen and Mr. Alok Gupta. Following a Special Resolution passed at an Extraordinary General Meeting (EGM) on September 7, 2023, the company was converted from a private limited company to a public limited company. Concurrently, the company's name was changed to 'Balaji Phosphates Limited.' Upon this conversion, a new Certificate of Incorporation was issued by the Registrar of Companies, Gwalior, dated September 18, 2023.
| Event | Date |
|---|---|
| Balaji Phosphates Ltd IPO Opening Date | 28 February 2025 |
| Balaji Phosphates Ltd IPO Closing Date | 4 March 2025 |
| Basis of Allotment | 5 March 2025 |
| Initiation of Refunds | 5 March 2025 |
| Credit of Shares to Demat | 6 March 2025 |
| Balaji Phosphates Ltd IPO Listing Date | 7 March 2025 |
Balaji Phosphates Ltd IPO Details
| Balaji Phosphates Ltd IPO Date | 28 February 2025 to 4 March 2025 |
| Balaji Phosphates Ltd IPO Face Value | ₹10 per share |
| Balaji Phosphates Ltd IPO Price | ₹66 to ₹70 per share |
| Balaji Phosphates Ltd IPO Lot Size | 2,000 |
| Issue Size | Shares of ₹10 (aggregating up to ₹47.24 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹41.58 Cr) |
| Offer for Sale | Shares of ₹10 (aggregating up to ₹8.53 Cr) |
| Issue Type | Book Building - SME |
| Listing At | NSE - SME |
| QIB Shares Offered | - |
| Retail Shares Offered | - |
| NII (HNI) Shares Offered | - |
| Company Promoters | Alok Gupta, Mohit Airen, Alok Gupta HUF |
Balaji Phosphates Ltd IPO Lot Size
The Balaji Phosphates Ltd IPO lot size is 2,000 shares. A retail-individual investor can apply for up to 1 lots (2,000 shares or ₹1,40,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 2,000 | ₹1,40,000 |
| Maximum | 1 | 2,000 | ₹1,40,000 |
- Strengths
- Risks
- Opportunities
- Cost Effective sourcing and Strategic Location of Manufacturing Unit.
- Cordial relations with customers.
- Sustainable business model.
- Leveraging the expertise of its Promoters and Management Team.
- Quality assurance.
Company Financials
Balaji Phosphates Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2023 | 92.07 | 114.26 | 5.94 |
| 03-2022 | 77.43 | 93.53 | 2.89 |
| 03-2021 | 69.19 | 73.57 | 1.11 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- To meet capital exp towards establishing a warehouse at its sunsidiary factory premises & upgradation of existing facilities
- To meet working capital requirements
- General corporate purpoes
Balaji Phosphates Ltd IPO Promoter Holding
| Pre Issue Share Holding | 32.76% |
| Post Issue Share Holding | 22.02% |
Balaji Phosphates Ltd IPO Subscription Status (Bidding Detail)
The Balaji Phosphates Ltd IPO is subscribed 0 times on 4 March 2025 05:00:00 PM. The public issue subscribed 0 times in the retail category, 0 times in the QIB category, and 0 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | - | - | - | - | - |
Balaji Phosphates Ltd IPO Prospectus
Balaji Phosphates Ltd IPO Listing Date
| Listing Date | 7 March 2025 |
| BSE Script | - |
| NSE Symbol | - |
| Listing In | NSE - SME |
| ISIN | INE0PQ601019 |
| IPO Price | ₹0 |
| Face Value | ₹10 |
Company Contact Information
305 Utsav Avenue 3rd Flr 12/5Ushagani Jaora Compound G.P.O,Indore-452001
Phone: +91 98270 90267
Email: infous@balajiphosphates.com
Website: www.balajiphosphates.com
Balaji Phosphates Ltd IPO Registrar
Balaji Phosphates Ltd IPO Lead Manager(s)
- Arihant Capital Markets Ltd
FAQ
What is the issue size of Balaji Phosphates Ltd IPO?
I have pre-applied for Balaji Phosphates Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.