IPO - Initial Public Offerings

 Balaji Phosphates Limited

  

BALAJI PHOSPHATES LIMITED

28 Feb, 10:00 AM

Issue Open

04 Mar, 05:00 PM

Issue Close

2000

Lot Size

₹ 140000.00 – ₹ 280000.00

Price Range

IPO Issue Details

Issue size 71,58,000
Market Price 70.00
Registrar Skyline Financial Services Private Ltd
Face Value RS.10 /- Per share
Listing at NSE

About

BALAJI PHOSPHATES LIMITED
Incorporated in 1996, Balaji Phosphates Limited manufactures and supplies 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 various customers, including retailers, wholesalers, and cooperatives, with farmers as end users. The product portfolio consists of Phosphate fertilizers like SSP, zinc sulfate, and NPK Mix enhance plant growth in agricultural soils. The company sells its products in regions such as Madhya Pradesh, Chhattisgarh, Maharashtra, Andhra Pradesh and Telangana. The company's manufacturing unit is in Dewas, Madhya Pradesh. As of March 31, 2024, the company's manufacturing unit had capacities of 120,000 MT per year for Single Super Phosphate, 3,300 MT for Zinc Sulphate, and 49,500 MT for NPK Granulated & Mix. As of August 31, 2024, the company employs 40 individuals, including skilled and unskilled labour, administrative staff, management, and operations teams.

IPO Lot Size

Category Lots Shares Amount
S-HNI  (2 Lakh to 10 Lakh) 1 2000 ₹ 56,00,00,000.00
S-HNI  (2 Lakh to 10 Lakh) 0 0 ₹ 0.00
B-HNI  (Above 10 Lakh) 1 2000 ₹ 56,00,00,000.00

IPO TimeLine

Open Date 28-Feb-2025
Close Date 04-Mar-2025
Basis of Allotment Date 05-Mar-2025
Initiation of Refunds 06-Mar-2025
Credit Shares to Demat A/c 06-Mar-2025
IPO Listing Date 09-Mar-2025