Balaji Phosphates IPO subscribed 0.56 times overall on the last day, a retail quota was subscribed over 0.56 times, NII was subscribed over 0.98 times, and QIB was subscribed over 0.00.
Balaji Phosphates IPO Details
Balaji Phosphates IPO got approval from SEBI for an IPO of ₹50.11 crores. Balaji Phosphates IPO mixture of a fresh issue of ₹41.58 crores with a face value of ₹10 each and offer for sale up to 12,18,000 equity shares with face value of ₹10 each. Further, it had a set price band between ₹66 to ₹70 per share.
In Balaji Phosphates’ IPO, 2000 shares were in 1 lot size for retail minimum and maximum category.
Moreover, 4000 shares were in 2 lot sizes for the S-HNI category.
To invest in the Balaji Phosphates IPO, each investor category has specific investment amounts:
- Retail Investors: Minimum and maximum investment of ₹1,40,000
- SHNI (S-HNI): Minimum investment of ₹2,80,000
Balaji Phosphates IPO’s Subscription Duration
Balaji Phosphates IPO’s subscription started on February 28, 2025, and closed on March 4, 2025. The Balaji Phosphates IPO’s allotment date was March 5, 2025, and they received a refund on March 6, 2025. Balaji Phosphates IPO listing is on March 7, 2025.
Balaji Phosphates IPO’s Funds Deployment
- Balaji Phosphates IPO money will be utilized to fulfill capital expenditure needs.
- Some of the Balaji Phosphates IPO proceeds would be utilized for covering working capital requirements.
- Rest of the money will be allocated for the general corporate purposes.
About Balaji Phosphates Company
In today’s world, obtaining high-quality and safe fertilizer products is essential. “Balaji Phosphates” stands out as a leading supplier of a wide range of fertilizers, including Single Super Phosphate in both powder and granulated forms, NPK Granulated and Mixed Fertilizers, and Zinc Sulphate.
Balaji Phosphates Private Limited was founded on April 4, 1996, and is a non-government company and is registered with the RoC-Kanpur.
Further, all their products comply with the regulations specified by the Fertilizer Control Order of India. As of 31 March 2024, the plant had an annual production capacity of 1,20,000 MT for SSP, 3,300 MT for Zinc Sulphate, and 49,500 MT for NPK Granulated & Mixed Fertilizers. Financially, it had a revenue of 151.55 cr in FY 2024, which was higher than the last two years.
Balaji Phosphates IPO Company Financial Report
The company reported revenue of ₹151.68 crores in 2024 against ₹144.64 crore in 2023. The company reported profit of ₹6.04 crores in 2024 against profit of ₹6.09 crores in 2023.
