Balaji Phosphates
Listed
Listed
IPO Timeline
Issue open date
28 Feb 2025Issue close date
4 Mar 2025UPI mandate deadline
4 Mar 2025Allotment finalization
5 Mar 2025Refund initiation
6 Mar 2025Share credit
6 Mar 2025Listing date
7 Mar 2025Mandate end date
19 Mar 2025Lock-in end date for anchor investors (50%)
3 Apr 2025Lock-in end date for anchor investors (remaining)
2 Jun 2025Key Dates
Open
28 Feb 2025Close
4 Mar 2025Listing
7 Mar 2025Quick Stats
Issue Size:50cr
Lot Size:2000 shares
About the Company
Incorporated in 1996, Balaji Phosphates Limited manufactures and supplies Single Super Phosphate (SSP), NPK Granulated and Mixed Fertilizers, and Zinc Sulphate, in compliance with India’s Fertilizer Control Order standards. The company markets its products under the ‘RATNAM’ and ‘BPPL’ brands to retailers, wholesalers, cooperatives, and farmers. Its manufacturing unit is located in Dewas, Madhya Pradesh, with capacities for producing SSP, Zinc Sulphate, and NPK Granulated & Mix fertilizers. The company serves regions including Madhya Pradesh, Chhattisgarh, Maharashtra, Telangana, and Andhra Pradesh.
Strengths
- Experience in the fertilizer industry with established manufacturing capabilities and dealer relationships.
- Presence in Madhya Pradesh, Chhattisgarh, Maharashtra, Andhra Pradesh, and Telangana.
- Factory located in Dewas, Madhya Pradesh, reducing freight costs and improving efficiency.
- Management team with experience in business management and industry knowledge.
- In-house testing laboratory for ensuring product quality and compliance with standards.
Risks
- Dependence on imported Rock Phosphate and Sulfuric Acid poses supply chain and cost risks.
- Business depends on agricultural sector performance influenced by crop prices, climate, and water supply.
- Competitive pressures in the fertilizer industry may affect market share and profitability.
- The stability of the distribution network and dealer expansion is critical for business growth.
- Regulatory approvals are required for operations, with risks of non-compliance.
- Proceeds from the Offer for Sale will go to Selling Shareholders, not the Company.
- Loss of key customers could significantly impact revenue and financial performance.
Balaji Phosphates IPO – Frequently Asked Questions
- The price band for the Balaji Phosphates IPO is set at ₹66 to ₹70 per share.
- The Balaji Phosphates IPO opens on February 28, 2025 and closes on March 4, 2025.
- The tentative listing date for the Balaji Phosphates IPO is March 7, 2025.
- You can apply for the Balaji Phosphates IPO via your broker or bank using ASBA or UPI. Log in to your trading app (Zerodha, Upstox, Groww, etc.), select IPO section, choose Balaji Phosphates, enter lot quantity and UPI ID, then approve the mandate.
- The lot size for the Balaji Phosphates IPO is 2000 shares. Investors must apply for at least one lot (i.e., 2000 shares).