Balaji Phosphates IPO aims to raise Rs 50.11 Crores through this offering, with a fresh issue of Rs 41.58 Crores and 8.53 Crore through offer for sale. The face value of the equity shares Rs 10 each, with a price band ranging from Rs 66 to Rs 70 per share. The minimum order quantity is 2000 shares, translating to a minimum investment of Rs 140000. Retail quota is not less then 40%, QIB is not more then 30% and HNI is not less then 30%. Balaji Phosphates IPO List on NSE on 7 Mar 2025
The book running lead manager for this IPO is Arihant Capital Markets Limited, ensuring a smooth and efficient process for all investors. Axis Bank Limited have been appointed as the sponsor bank, providing support for the IPO’s financial transactions. Additionally, the official registrar for the IPO is Skyline Financial Services Private Limited, offering reliable services for all share-related processes.
Balaji Phosphates IPO Key Dates
Balaji Phosphates IPO Open Date is 28 Feb 2025 and Close Date is 4 Mar 2025
| IPO Open Date | 28 Feb 2025 |
| IPO Close Date | 4 Mar 2025 |
| Allotment | 5 Mar 2025 |
| Credit of Shares | 6 Mar 2025 |
| Listing Date | 7 Mar 2025 |
Balaji Phosphates IPO Financial Information
All the figures below are in Crores.
| 31-Sep-2024 | 31-Mar-2024 | 31-Mar-2023 | 31-Mar-2022 | |
|---|---|---|---|---|
| Assest | 95.28 | 88.48 | 96.82 | 82.35 |
| Borrowing | 35.58 | 33.22 | 26.32 | 19.88 |
| Reserve | 21.31 | 17.17 | 20.05 | 16.92 |
| Income | 54.84 | 151.68 | 144.64 | 124.11 |
| Expenses | 49.42 | 143.31 | 136.36 | 119.55 |
| PBT | 5.42 | 8.36 | 8.27 | 4.56 |
| PAT | 4.14 | 6.04 | 6.08 | 3.19 |
Balaji Phosphates IPO Key Indicator
All the figure provided below are based on the financial Statement as of March 31 2024.
| EPS(D) | 3.39 |
| RoNW | 17.26 |
| NAV | 19.62 |
| PAT Margin | 4.0% |
| P/E(D) | 20.67 |
| ROE | 18.89% |
| ROCE | 16.7% |
Balaji Phosphates IPO Peer Comparison
| RoNW | EPS | P/E | NAV | |
|---|---|---|---|---|
| Balaji Phosphate | 17.26 | 3.39 | 19.62 | |
| Coromandel | 18.9 | 55.81 | 30.57 | |
| Paradeep Phosphate | 3.28 | 1.22 | 77.23 | |
| Rama Phosphate | -9.39 | -17.56 | 28.90 |
Balaji Phosphates Management
| Name | Designation |
|---|---|
| Mohit Airen | Managing Director |
| Alok Gupta | Executive director |
| Sunil Kumar Talwar | Non-Executive Independent Director |
| Aashi Neema | Non-Executive Independent Director |
| Nupur Lodwal | Non-Executive Independent Director |
Objects of the Issue
The Company proposes to utilize the net proceeds from the Fresh Offer towards funding the following objects and achieve the
benefits of listing on NSE Emerge platform:
1. To meet the capital expenditure requirements;
2. To meet the working capital requirements; and
3. General corporate purposes
BOOK RUNNING LEAD MANAGER
Arihant Capital Markets Limited
1011 Building No. 10, Solitaire Corporate Park, Guru Hargovindji Road, Chakala, Andheri
(East), Mumbai – 400 093
Telephone: +91- 22-4225 4800
Email: mbd@arihantcapital.com
Website: www.arihantcapital.com
Investor Grievance E-Mail: balajiipo@arihantcapital.com
Contact Person: Amol Kshirsagar /Satish Kumar Padmanabhan
SEBI Registration Number: INM000011070
REGISTRAR TO THE OFFER
SKYLINE FINANCIAL SERVICES PRIVATE LIMITED
D-153 A, 1st Floor Okhla Industrial Area, Phase-I New Delhi – 110020, Delhi, India
Tel No.: 011-40450193-97
Email: ipo@skylinerta.com
Investor Grievance Emai : grievances@skylinerta.com
Website: www.skylinerta.com
Contact Person: Anuj Rana
SEBI Registration No.: INR000003241
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