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/2
Last updated on 04-Mar-2025 18:20:01
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIB | 1468000 | 1846000 | 1.26 |
| NIB | 2040000 | 3092000 | 1.52 |
| RETAIL | 2720000 | 2976000 | 1.09 |
| Total | 6228000 | 7914000 | 1.27 |
| Application Wise Breakup | |
|---|---|
| Category | App. Received |
| QIB | 4 |
| NIB | 128 |
| RETAIL | 1488 |
| Total | 1620 |
| Subscription Demand (in ₹ crore) | |||
|---|---|---|---|
| Category | Offered | Demand | Times |
| QIB | 10.28 | 12.92 | 1.26 |
| NIB | 14.28 | 21.64 | 1.52 |
| RETAIL | 19.04 | 20.83 | 1.09 |
| Total | 43.6 | 55.4 | 1.27 |
| QIB Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹0.1 | @8% ₹0.1 | @9% ₹0.2 | @10% ₹0.2 | @11% ₹0.2 | @12% ₹0.2 |
| HNI Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹0.1 | @8% ₹0.2 | @9% ₹0.2 | @10% ₹0.2 | @11% ₹0.2 | @12% ₹0.2 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 2000 | 140000 | 1360 |
| HNI | 2 | 4000 | 280000 | 1020 |
IPO Reservation
| Investor Category | Shares Offered | No. of Shares |
|---|---|---|
| Retail | 38.00% | 2720000 |
| NII (HNI) | 28.50% | 2040000 |
| Anchor | 7.99% | 572000 |
| QIB | 20.51% | 1468000 |
| Market Maker | 5.00% | 358000 |
| Total | 100.00% | 7158000 |
Balaji Phosphates IPO Details
| 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 of ₹10 (aggregating up to ₹8.53 Cr) |
| 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 |
| Market Maker Portion | 3,58,000 shares |
| Market Maker | Nnm Securities |
Key Performance Indicator
| KPI | Aug-24 | Mar-24 | Mar-23 |
|---|---|---|---|
| ROE | 11.18% | 18.89% | 23.50% |
| ROCE | 9.15% | 16.70% | 19.80% |
| RONW | 10.59% | 17.26% | 21.02% |
| EPS (basic) | 2.32 | 3.39 | 3.42 |
| P/E Pre IPO | 20.67 | ||
| P/E post IPO | 16.72 |
Company Financials In Crores
| Period Ended | Aug-24 | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|---|
| Assets | 95 | 88 | 97 | 82 |
| Revenue | 55 | 152 | 145 | 124 |
| Profit After Tax | 4 | 6 | 6 | 3 |
| Net Worth | 39 | 35 | 29 | 23 |
| Reserves and Surplus | 21 | 17 | 20 | 17 |
| Total Borrowing | 36 | 33 | 26 | 20 |
About Company
Balaji Phosphates Limited, incorporated in 1996, manufactures and supplies fertilizers, including Single Super Phosphate (SSP), NPK Granulated and Mixed Fertilizers, and Zinc Sulphate, all adhering to India's Fertilizer Control Order standards. The company markets its products under the brands ‘RATNAM’ and ‘BPPL,’ catering to retailers, wholesalers, and cooperatives, with farmers as the primary end users. Its product portfolio, consisting of phosphate fertilizers like SSP, zinc sulfate, and NPK Mix, is designed to enhance plant growth in agricultural soils. Balaji Phosphates operates in key agricultural markets across Madhya Pradesh, Chhattisgarh, Maharashtra, Andhra Pradesh, and Telangana. The company’s manufacturing unit, located in Dewas, Madhya Pradesh, has an annual production capacity of 120,000 MT 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, comprising skilled and unskilled labor, administrative staff, management, and operations teams.
Strength
Established Market Presence – With a long-standing presence in the fertilizer industry, Balaji Phosphates has built strong credibility and expertise.
Extensive Distribution Network – The company has a well-established sales network across Madhya Pradesh, Chhattisgarh, Maharashtra, Andhra Pradesh, and Telangana, ensuring wide market reach.
Strategic Manufacturing Location – Its factory in Dewas, Madhya Pradesh, provides logistical advantages, optimizing supply chain efficiency and reducing transportation costs.
Weakness
Agricultural Sector Dependence – The company's performance is directly linked to the agricultural sector, making it vulnerable to industry fluctuations.
Raw Material Import Risks – Dependence on imported raw materials exposes the business to supply chain disruptions and cost fluctuations, impacting profitability.
Climate & Seasonality Impact – Adverse weather conditions and seasonal demand variations can significantly affect operations and financial performance.