Balaji Phosphates Limited is launching a book-built IPO comprising 71.58 lakh equity shares, which includes a fresh issue of 59.40 lakh shares and an offer for sale of 12.18 lakh shares. The IPO will open for subscription on February 28, 2025, and close on March 4, 2025. The allotment is expected to be finalized on March 5, 2025, with a tentative listing date set for March 7, 2025, on the NSE SME exchange. The price band for the IPO is yet to be announced. Arihant Capital Markets Ltd is the book-running lead manager, while Skyline Financial Services Private Ltd is the registrar for the issue. The market maker for Balaji Phosphates IPO is Nnm Securities Private Limited.
Refer to Balaji Phosphates IPO RHP for detailed information.
Balaji Phosphates IPO Details
| IPO Date | February 28, 2025 to March 4, 2025 |
| Face Value | ₹10 per share |
| Total Issue Size | 71,58,000 shares (aggregating up to ₹[.] Cr) |
| Fresh Issue | 59,40,000 shares (aggregating up to ₹[.] Cr) |
| Offer for Sale | 12,18,000 shares of ₹10 (aggregating up to ₹[.] 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 |
Balaji Phosphates IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 30% of the Net Issue |
| Retail Shares Offered | Not less than 40% of the Offer |
| NII (HNI) Shares Offered | Not less than 30% of the Net Issue |
Balaji Phosphates IPO Timeline
| IPO Open Date | Fri, Feb 28, 2025 |
| IPO Close Date | Tue, Mar 4, 2025 |
| Tentative Allotment | Wed, Mar 5, 2025 |
| Initiation of Refunds | Thu, Mar 6, 2025 |
| Credit of Shares to Demat | Thu, Mar 6, 2025 |
| Tentative Listing Date | Fri, Mar 7, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 4, 2025 |
About Balaji Phosphates Limited
Incorporated in 1996, Balaji Phosphates Limited specializes in manufacturing and supplying 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 includes phosphate-based fertilizers such as SSP, Zinc Sulphate, and NPK Mix, which enhance soil fertility and support plant growth in agricultural applications.
Balaji Phosphates operates across multiple regions, including Madhya Pradesh, Chhattisgarh, Maharashtra, Andhra Pradesh, and Telangana.
The company’s manufacturing facility is located in Dewas, Madhya Pradesh. As of March 31, 2024, it had 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 fertilizers.
As of August 31, 2024, the company employed 40 individuals, including skilled and unskilled labor, administrative staff, and management personnel.
Balaji Phosphates IPO – Frequently Asked Questions (FAQ
What is the Balaji Phosphates IPO?
Balaji Phosphates Limited is launching an SME IPO (Initial Public Offering) to raise funds for business expansion, working capital, and general corporate purposes.
What are the key dates for the IPO?
IPO Opening Date: February 28, 2025IPO Closing Date: March 4, 2025Allotment Date: March 5, 2025Listing Date: March 7, 2025
. What is the price band for the Balaji Phosphates IPO?
The IPO price band is set between ₹66 to ₹70 per share.
How much is the total issue size?
The total issue size is X crore (exact amount to be confirmed from the official prospectus)
Where will the shares be listed?
The shares will be listed on the NSE SME (National Stock Exchange – SME Platform)
How can I check my IPO allotment status?
You can check your IPO allotment status on the registrar’s website (e.g., Link Intime or Bigshare Services) or through your broker’s platform
What happens if I don’t get an allotment?
If you are not allotted shares, the blocked funds will be automatically refunded to your bank account.
Is investing in SME IPOs risky?
Yes, SME IPOs are typically more volatile than mainboard IPOs, so investors should assess the company’s fundamentals, financials, and growth potential before investing.
