Balaji Phosphates IPO open date is February 28, 2025, and the IPO will close on March 4, 2025. Balaji Phosphates IPO is a Book Built Issue. The company aims to raise ₹50.11 crores via IPO, comprising a fresh issue of ₹41.58 crores and an offer for sale of 12,18,000 equity shares. Balaji Phosphates IPO price band is set at ₹66 to ₹70 per share. The retail quota is 40%, QIB is 30%, and HNI is 30%. Balaji Phosphates IPO is set to list on NSE on March 7, 2025. The allotment date is March 5, 2025. The company reported revenue of ₹151.68 crores in 2024, up from ₹144.64 crores in 2023. The company reported a profit of ₹6.04 crores in 2024, compared to ₹6.09 crores in 2023. Considering the financials, the IPO could be a good long-term investment opportunity.
Balaji Phosphates IPO Details
Field
Value
est listing
70 (0%)
gain percentage
7.14%
gmp
--
ipo size
₹50.11 Cr
ipo title
Balaji Phosphates NSE SME
price
70
status
Listed
subscription
1.21x
Balaji Phosphates IPO Dates
Field
Value
boa dt
5-Mar
close
4-Mar
listing
7-Mar
lot
2,000
open
28-Feb
Balaji Phosphates IPO Financial Report
The company reported revenue of ₹151.68 crores in 2024, compared to ₹144.64 crores in 2023. The company reported a profit of ₹6.04 crores in 2024, compared to ₹6.09 crores in 2023.
Financial Year
2022
2023
2024
August 2024
Revenue
₹124.12
₹144.64
₹151.68
₹54.85
Expense
₹119.56
₹136.37
₹143.31
₹49.42
Profit After Tax
₹3.19
₹6.09
₹6.04
₹4.15
Total Assets
₹82.35
₹96.83
₹88.48
₹95.28
About Balaji Phosphates IPO
Balaji Phosphates is one of the leading suppliers of fertilizers, including Single Super Phosphate (SSP) in both powder and granulated forms, NPK Granulated and Mixed Fertilizers, and Zinc Sulphate. Balaji Phosphates Private Limited was founded on April 4, 1996. It is a non-government company registered with RoC-Kanpur. The company’s products comply with the Fertilizer Control Order of India. As of March 31, 2024, the company's plant had an annual production capacity of 1,20,000 MT for SSP, 3,300 MT for Zinc Sulphate, and 49,500 MT for NPK Granulated & Mixed Fertilizers. The company reported a revenue of ₹151.55 crores in FY 2024, higher than in the last two years.
