Balaji Phosphates Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 2,040,000 (29%) | — | ₹1,428 Cr |
| NII (HNI) | — | 2,040,000 (29%) | — | ₹1,428 Cr |
| Retail | — | 2,720,000 (38%) | — | ₹1,904 Cr |
| Market Maker | — | 358,000 (5% | — | ₹25 Cr |
| Σ Total | — | 7,158,000 (100%) | — | ₹50,106 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹140,000 |
| Retail (Max) | 13 | 26,000 | ₹1,820,000 |
| S-HNI (Min) | 14 | 28,000 | ₹1,960,000 |
| B-HNI (Min) | 67 | 134,000 | ₹9,380,000 |
Financial Statements Amount in ₹ Crore
| Metric | 31 Aug 2024 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Revenue | 55 | 152 | 145 |
| Profit After Tax | 4 | 6 | 6 |
| Net Worth | 39 | 35 | 29 |
| Total Assets | 95 | 88 | 97 |
| Reserves & Surplus | 21 | 17 | 20 |
| Total Borrowing | 36 | 33 | 26 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- To meet the capital expenditure requirements; –
- To meet the working capital requirements; and –
- General corporate purposes –
Company Overview
Incorporated in 1996, Balaji Phosphates Limited manufactures and supplies Single Super Phosphate (SSP), NPK Granulated and Mixed Fertilizers, and Zinc Sulphate, all compliant with India's Fertilizer Control Order standards.
The company markets its products under the brands ‘RATNAM’ and ‘BPPL’ to various customers, including retailers, wholesalers, and cooperatives, with farmers as end users.
The product portfolio consists of Phosphate fertilizers like SSP, zinc sulfate, and NPK Mix enhance plant growth in agricultural soils.
The company sells its products in regions such as Madhya Pradesh, Chhattisgarh, Maharashtra, Andhra Pradesh and Telangana.
The company's manufacturing unit is in Dewas, Madhya Pradesh. As of March 31, 2024, the company's manufacturing unit had capacities of 120,000 MT per year for Single Super Phosphate, 3,300 MT for Zinc Sulphate, and 49,500 MT for NPK Granulated & Mix.
As of August 31, 2024, the company employs 40 individuals, including skilled and unskilled labour, administrative staff, management, and operations teams.
Competitive Strength
- Long standing in the fertilizer trade.
- Wide spread network in regions Madhya Pradesh, Chhattisgarh, Maharashtra, Andhra Pradesh and Telangana.
- The factory's strategic location in Dewas, Madhya Pradesh, offers a competitive advantage.
- Long-standing and experienced management team.