Balaji Phosphates Limited

Company Profile
Company Name Balaji Phosphates Limited
Open Date 28-02-2025
Close Date 04-03-2025
Exchange NSE SME
Lot Size 2,000 Shares
Issue Price ₹66 to ₹70 per share
Issue Size 71,58,000 shares
Application Amount ₹1,40,000
Recommendation Avoid
Balaji Phosphates Limited was originally incorporated on April 04, 1996. The registered office is located at Indore, Madhya Pradesh. The company is engaged in the manufacture and supply of Single Super Phosphate (SSP) in powder and granulated forms, NPK Granulated and Mixed Fertilizers and Zinc Sulphate. The company generates majority of the revenue from sale of Single Super Phosphate and weighbridge. The company has 40 permanent employees as on Aug 31, 2024.
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Financial Summary in Lakhs

For the Period Ended Mar-22 Mar-23 Mar-24 Aug-24
Revenue 12,365.34 14,454.24 15,154.63 5,337.06
EBITDA 792.34 1,167.21 1,209.71 572.55
Net Profit 319.07 608.77 604.04 414.64
RoCE 22.03% 28.93% 26.72% 14.09%*
ROE 13.96% 21.02% 17.26% 11.47%*
P/E 39.11 20.47 20.65 16.78*

Tentative Timeline

Opening Date 28-02-2025
Closing Date 04-03-2025
Basis of Allotment 05-03-2025
Initiation of Refunds 06-03-2025
Credit of Shares to Demat 06-03-2025
Listing Date 07-03-2025

Objects of the Issue

To meet Capital expenditure towards establishing a warehouse at subsidiaries factory premise & upgradation of existing facilities
To meet working capital requirements
General Corporate Purposes

Contact Information

Registered Office Balaji Phosphates Limited 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

Registrar Details

Name Skyline Financial Services Private Limited
Phone 02228511022
Email ipo@skylinerta.com
Website https://www.skylinerta.com/ipo.php

IPO Reservation

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 Isssue

Shareholding Pattern

Shareholding Pre Issue (Promoters) 100.00%
Shareholding Post Issue (Promoters) 69.90%

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