Incorporated in 1996, Balaji Phosphates Limited is engaged in the manufacturing and supply of 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 a diverse customer base, including retailers, wholesalers, cooperatives, and end-user farmers. The company operates a manufacturing unit in Dewas, Madhya Pradesh, with annual capacities of 120,000 MT for Single Super Phosphate, 3,300 MT for Zinc Sulphate, and 49,500 MT for NPK Granulated & Mix as of March 31, 2024. As of August 31, 2024, the company employs 40 individuals, including skilled and unskilled labor, administrative staff, and management teams.
The Balaji Phosphates IPO is a book-built issue of Rs. 50.11 crores, comprising a fresh issue of 59.40 lakh shares aggregating to Rs. 41.58 crores and an offer for sale of 12.18 lakh shares aggregating to Rs. 8.53 crores. The IPO subscription window opens on February 28, 2025, and closes on March 4, 2025. The allotment of shares is expected to be finalized by Wednesday, March 5, 2025, with a tentative listing date on the NSE SME platform set for Friday, March 7, 2025.
The IPO price band is set between ₹66 to ₹70 per share. The minimum lot size for retail investors is 2,000 shares, requiring an investment of ₹1,32,000. However, investors are advised to bid at the cut-off price (approximately ₹1,40,000) to avoid potential oversubscription scenarios. For High Net-Worth Individuals (HNIs), the minimum investment is 2 lots (4,000 shares), amounting to ₹2,80,000.
| IPO Date | February 28, 2025 to March 4, 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹66 to ₹70 per share |
| Lot Size | 2,000 Shares |
| Total Issue Size | Approx ₹50.11 Crores |
| Fresh Issue | Approx ₹41.58 Crores |
| Offer for Sale | Approx 12,18,000 Equity Shares |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,78,37,100 shares |
| Share Holding Post Issue | 2,37,77,100 shares |
The Balaji Phosphates IPO will open for subscription on February 28, 2025, and the bidding window will remain active until March 4, 2025. Investors can participate in the IPO during this period.
| IPO Open Date | Fri, Feb 28, 2025 |
| IPO Close Date | Tue, Mar 4, 2025 |
| Tentative Allotment | Wed, Mar 5, 2025 |
| Refunds | Thu, Mar 6, 2025 |
| Credit of Shares to Demat | Thu, Mar 6, 2025 |
| IPO Listing Date | Fri, Mar 7, 2025 |
| UPI Mandate Confirmation Deadline | 5 PM on March 4, 2025 |
Balaji Phosphates IPO Market Lot
The Balaji Phosphates IPO requires a minimum market lot of 2,000 shares, with an application amount of ₹1,40,000 for retail investors.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 2000 | ₹1,40,000 |
| Retail Maximum | 1 | 2000 | ₹1,40,000 |
| S-HNI Minimum | 2 | 4000 | ₹2,80,000 |
