Price band
₹ 66 to 70 per equity share
Opens On: 28 Feb 2025
Closes On: 04 Mar 2025
₹ 66 to 70 per equity share
2000 shares and in multiples thereof
| Issue size | Rs. 50.11 Cr |
| Price band | Rs. 66 to 70 per equity share |
| Bid lot | 2000 shares and in multiples thereof |
| Issue break-up | QIB - Rs. 14.28 Cr |
| HNI - Rs. 14.28 Cr | |
| RET - Rs. 19.04 Cr | |
| Registrar | Skyline Financial Services Pvt. Ltd. |
| Listing at | BSE |
Balaji Phosphates Limited, initially Balaji Phosphates Pvt. Ltd., was incorporated on April 4, 1996, under the Companies Act, 1956. It transitioned to a public limited company on September 18,2023 and was renamed Balaji Phosphates Limited.
Operating from Dewas, Madhya Pradesh, its core focus is on manufacturing phosphate fertilizers including Single Super Phosphate (SSP), Zinc sulfate, and NPK Granulated & Mixed fertilizers. Notably, SSP contributes significantly to its revenue. The manufacturing unit spans approximately 12,600 sq.ft. with the registered office in Indore, Madhya Pradesh. Under their brand name "RATNAM" and logo "BPPL," the company offers a diverse range of Phosphate fertilizer products.
This range encompasses S.S.P. in both Powder and Granular forms, N.P.K Mix fertilizers, Zinc Sulphate, Zincated S.S.P. (Powder & Granular), Boronated S.S.P. (Powder & Granular), and Fortified S.S.P. (Granular) enriched with Zinc and Boron. These good-quality products are made available to consumers in Madhya Pradesh, Chhattisgarh, Maharashtra, Andhra Pradesh and Telangana. Their company is well equipped with in-house testing laboratory to test the product. Before commencement of the manufacturing process, the raw material purchased by their company have to undergo a quality check before it is packed in HDPE bags.
Their in-house testing laboratory regulates and monitors the quality of fertilizers mixer, packaging and making on the fertilizer bags. Their laboratory equipped with various instrument like, electronic analytical balance, ph meter, sieve shaker, muffle furnace, and water distillation plant, magnetic stirrer etc. The raw material and finished goods are also subjected to various physical and chemical tests so that they meet the required specifications.
Note: The actual amount will be debited when the shares are allotted to you.
Note: The actual amount will be debited when the shares are allotted to you.
An IPO offers share market participants like you and me an opportunity to be a shareholder in an erstwhile privately held company that is now going public and being listed on the market. Historically speaking, investors who choose the right IPOs make significant returns on their investments, which increases the attraction of IPOs.
Once you are a shareholder, you are eligible to receive dividends from the company proportional to the shares you own. You can also sell your stocks for profit on the stock exchange.
In exchange for its shares, the company has an opportunity to raise huge capital to be used to further enhance its business and scale up its operations. The company also has other benefits, such as credibility; visibility; better leverage to effect mergers, acquisitions and even to procure loans at lower rates of interest.
In India, the entire IPO process is ably regulated by the Securities & Exchange Board of India (SEBI), right from the IPO filing by the company to the bidding, allotments and refunds (in case you aren't allotted shares due to oversubscription).
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