Balaji Phosphates Limited IPO
Balaji Phosphates Limited IPO
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Balaji Phosphates Limited's successfully completed its Initial Public Offering and commenced trading on 07-03-2025 at the NSE exchange. The company raised 71,58,000 Shares through this public offering, comprising 59,40,000 Shares in fresh capital and ₹8.53 Cr through the Offer for Sale mechanism.
The IPO was priced within the band of ₹66 to ₹70, with minimum application lots of 2000 shares. The offering attracted significant investor interest during its subscription period from 28-02-2025 to 04-03-2025.
Share allotment was finalized on 05-03-2025, distributing equity to successful applicants. The stock's subsequent listing marked a significant milestone in the company's corporate history, providing public market liquidity to shareholders.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Balaji Phosphates IPO About Company
Founded in 1996, Balaji Phosphates Limited is a leading manufacturer and supplier of fertilizers, including Single Super Phosphate (SSP), NPK Granulated & Mixed Fertilizers, and Zinc Sulphate, all adhering to India’s Fertilizer Control Order standards. The company markets its products under the trusted brands ‘RATNAM’ and ‘BPPL,’ serving retailers, wholesalers, and cooperatives, with farmers as the primary end users. Operating across key agricultural regions in Madhya Pradesh, Chhattisgarh, Maharashtra, Andhra Pradesh, and Telangana, Balaji Phosphates is committed to enhancing soil health and plant growth with its high-quality phosphate-based fertilizers. Its manufacturing unit, located in Dewas, Madhya Pradesh, has an annual production capacity of 120,000 MT of SSP, 3,300 MT of Zinc Sulphate, and 49,500 MT of NPK Granulated & Mixed Fertilizers. As of August 31, 2024, the company employs 40 individuals, including skilled and unskilled labor, administrative staff, management, and operations teams, all dedicated to supporting agricultural productivity and sustainability.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Balaji Phosphates IPO Strength Factors
- Trusted Industry Experience – With years of expertise, Balaji Phosphates has built a strong reputation in the fertilizer industry.
- Wide Distribution Network – The company’s sales network covers Madhya Pradesh, Chhattisgarh, Maharashtra, Andhra Pradesh, and Telangana, ensuring broad market reach.
- Strategic Manufacturing Location – Its facility in Dewas, Madhya Pradesh, is positioned to optimize logistics, improving supply efficiency and reducing transportation costs.
Balaji Phosphates IPO Risk Factors
- Agricultural Market Dependence – The company's growth depends on the agricultural sector, making it sensitive to industry changes.
- Raw Material Supply Challenges – Relying on imported raw materials can lead to supply disruptions and cost fluctuations, affecting profitability.
- Weather & Seasonal Factors – Changing weather conditions and seasonal demand shifts can impact operations and financial performance.
Balaji Phosphates IPO Lead Manager(s)
- Arihant Capital Markets Limited
Balaji Phosphates IPO Promoter(s)
- Mr. Alok Gupta
- Mr. Mohit Airen
Balaji Phosphates IPO FAQs
Balaji Phosphates Limited IPO subscribed 1.2 times. The public issue subscribed 1.09 times in the retail category,1.26times in QIB, and -- times in the HNI (10+) category byNovember 25, 2025 8:23:43 AM (Day 25).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Balaji Phosphates IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
Balaji Phosphates IPO FAQs
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