Balaji Phosphates Ltd IPO
Price Range
₹66 - ₹70
-
Min. Quantity
2,000 Shares
Closes on
4 March 2025
-
Min. investment
₹1,40,000
Balaji Phosphates Ltd IPO Timeline
| 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 ₹50.11 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 | Not more than 8,16,000 of the Net Offer |
| Retail Shares Offered | Not less than 27,20,000 of the Net Offer |
| NII (HNI) Shares Offered | Not less than 20,40,000 of the Net Offer |
| 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 |
|---|---|---|---|
| 03-2025 | 116.08 | 100.72 | 7.30 |
| 03-2024 | 82.93 | 118.27 | 5.20 |
| 03-2023 | 91.76 | 111.98 | 5.79 |
| 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 subsidiary 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 1.2016 times on 4 March 2025 05:00:00 PM. The public issue subscribed 1.0941 times in the retail category, 2.2623 times in the QIB category, and 1.5157 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | 2.2623 | 1.5157 | 1.0941 | - | 1.2016 |
Balaji Phosphates Ltd IPO Prospectus
Balaji Phosphates Ltd IPO Listing Date
| BSE Script | |
| NSE Symbol | |
| Listing In | NSE - SME |
| ISIN | INE0PQ601019 |
| IPO Price | ₹- |
| Face Value | ₹- |
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
How to Check the Allotment Status of Balaji Phosphates Ltd IPO?
To check the IPO allotment status, follow these steps:
- Visit the official website of the IPO registrar.
- Navigate to the IPO Allotment Status page.
- Select “Balaji Phosphates Ltd” from the list of available IPOs.
- Enter any one of these - PAN Number, Application Number, DP/Client ID.
- Click on Submit to view your allotment status.
About Balaji Phosphates Ltd IPO
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.