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Objective of the Issue
The company proposes to utilize the net proceeds from the Fresh Offer towards funding the following objects and achieve the benefits of listing on the NSE Emerge platform:
- To meet the capital expenditure requirements.
- To meet the working capital requirements.
- General corporate purposes.
Balaji Phosphates IPO Details, Price, Market Lot
| Balaji Phosphates IPO Details | |
| IPO Open Date | 28 February 2025 |
| IPO Close Date | 4 March 2025 |
| IPO Issue Size | 71,58,000 shares (Aggregating up to ₹50.11 Cr) |
| Fresh Issue | 59,40,000 shares (Aggregating up to ₹41.58 Cr) |
| Offer for Sale | 12,18,000 shares (Aggregating up to ₹8.53 Cr) |
| Retail Portion | Not less than 40% of the offer |
| NII Portion | Not less than 30% of the offer |
| QIB Portion | Not more than 30% of the offer |
| Listing At | NSE SME |
| Balaji Phosphates IPO Price | |
| Face Value | ₹10 Per Share |
| IPO Price Band | ₹66 to ₹70 Per Share |
| IPO Issue Type | Book Built Issue IPO |
| Balaji Phosphates IPO Time Table (Tentative) | |
| IPO Open Date | 28 February 2025 |
| IPO Close Date | 4 March 2025 |
| Basis of Allotment Date | 5 March 2025 |
| Initiation of Refunds | 6 March 2025 |
| Credit of Share to Demat Account | 6 March 2025 |
| IPO Listing Date | 7 March 2025 |
| Balaji Phosphates Promotor & Promotor’s Holding | |
| Mr. Alok Gupta and Mr. Mohit Airen are the promoters of the company. | |
| Pre Issue Promotor Holding | 100.00% |
| Post Issue Promotor Holding | 69.90% |
| Company’s Contact & Address | |
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Balaji Phosphates Limited 305, Utsav Avenue, 12/5 Usha Ganj Jaora Compound, Indore G.P.O., Indore- 452001 Phone: +919827090267 Email: balajiphosphate@gmail.com Website: https://www.balajiphosphates.com/ |
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| Balaji Phosphates IPO Registrar, Lead Manager, Prospectus | |
| Balaji Phosphates IPO Prospectus | |
| Balaji Phosphates IPO Registrar | |
| Skyline Financial Services Private Ltd | |
| Balaji Phosphates IPO Lead Manager | |
| Arihant Capital Markets Ltd | |
Balaji Phosphates IPO Lot Size
| Number of Shares Per Lot = 2000 Shares | |||
| Application | Lot(s) | Shares | Amount |
| Retail (Minimum) | 1 | 2000 | ₹1,40,000 |
| Retail (Maximum) | 1 | 2000 | ₹1,40,000 |
| HNI (Minimum) | 2 | 4000 | ₹2,80,000 |
| Number of Shares Per Lot = | |||
| Application | Lot(s) | Shares | Amount |
| Retail (Min) | 1 | 2000 | ₹1,40,000 |
| Retail (Max) | 1 | 2000 | ₹1,40,000 |
| HNI (Mini) | 2 | 4000 | ₹2,80,000 |
Balaji Phosphates Financial Report
| Period Ended | Assets (₹ in Lakh) |
Revenue (₹ in Lakh) |
P A T (₹ in Lakh) |
Net Worth (₹ in Lakh) |
Borrowings (₹ in Lakh) |
| 31 August 2024 | 9,528.04 | 5,484.66 | 414.65 | 3,914.90 | 3557.54 |
| 31 March 2024 | 8,848.34 | 15,168.02 | 604.05 | 3,500.24 | 3322.10 |
| 31 March 2023 | 9,682.72 | 14,464.12 | 608.76 | 2,896.45 | 2631.49 |
| 31 March 2022 | 8,235.43 | 12,411.72 | 319.08 | 2,286.29 | 1987.50 |
| Period Ended | 31 Aug. 2024 | 31 March 2024 | 31 March 2023 | 31 March 2022 |
| Assets | 9,528.04 | 8,848.34 | 9,682.72 | 8,235.43 |
| Revenue | 5,484.66 | 15,168.02 | 14,464.12 | 12,411.72 |
| P A T | 414.65 | 604.05 | 608.76 | 319.08 |
| Net Worth | 3,914.90 | 3,500.24 | 2,896.45 | 2,286.29 |
| Borrowings | 3557.54 | 3322.10 | 2631.49 | 1987.50 |
| Amount in ₹ Lakh | ||||