Balaji Phosphates Limited, a well-established manufacturer of fertilizers and agrochemicals, is launching its Initial Public Offering (IPO) to raise ₹50.11 crore. The company has been serving the agricultural sector since 1996, supplying Single Super Phosphate (SSP), NPK Granulated & Mixed Fertilizers, and Zinc Sulphate under the brands ‘RATNAM’ and ‘BPPL’. With a strong presence across Madhya Pradesh, Chhattisgarh, Maharashtra, Andhra Pradesh, and Telangana, the company aims to expand its market reach and production capacity through this IPO.
The IPO is a combination of a fresh issue worth ₹41.58 crore and an offer for sale (OFS) worth ₹8.53 crore. Investors can subscribe to the issue from February 28, 2025, to March 4, 2025, with shares expected to be listed on the NSE SME exchange on March 7, 2025.
Balaji Phosphates IPO Details
- IPO Type: Book Built Issue
- Issue Size: ₹50.11 crore
- Fresh Issue: 59.40 lakh shares (₹41.58 crore)
- Offer for Sale (OFS): 12.18 lakh shares (₹8.53 crore)
- Price Band: ₹66 – ₹70 per share
- Lot Size: 2,000 shares per lot
- Minimum Investment (Retail): ₹1,32,000 – ₹1,40,000
- Minimum Investment (HNI): 2 lots (4,000 shares) = ₹2,80,000
- Open Date: February 28, 2025
- Close Date: March 4, 2025
- Allotment Date: March 5, 2025
- Listing Date: March 7, 2025
- Stock Exchange: NSE SME
- Lead Manager: Arihant Capital Markets Ltd
- Registrar: Skyline Financial Services Pvt Ltd
- Market Maker: NNM Securities Private Limited
Company Overview
Founded in 1996, Balaji Phosphates Limited specializes in the production of fertilizers essential for improving soil fertility and crop yield. The company offers:
Product Portfolio
- Single Super Phosphate (SSP) – Used for boosting phosphorus content in soil.
- NPK Granulated & Mixed Fertilizers – Provides essential nutrients (Nitrogen, Phosphorus, and Potassium) for plant growth.
- Zinc Sulphate – Helps in preventing zinc deficiency in crops.
The company manufactures these fertilizers at its Dewas, Madhya Pradesh facility and distributes them across five key agricultural states.
Manufacturing Capacities (as of March 31, 2024)
- Single Super Phosphate (SSP): 1,20,000 MT per year
- Zinc Sulphate: 3,300 MT per year
- NPK Granulated & Mixed Fertilizers: 49,500 MT per year
Distribution Network
The company operates a strong supply chain with a wide distribution network covering:
- Madhya Pradesh
- Chhattisgarh
- Maharashtra
- Andhra Pradesh
- Telangana
Competitive Strengths
- Long-standing expertise in the fertilizer industry – Over 28 years of experience in serving farmers and agro-industries.
- Strong regional presence – Well-established network in major agricultural states.
- Strategic manufacturing location – Dewas, Madhya Pradesh, offers logistical advantages.
- Diverse product range – Essential fertilizers catering to different agricultural needs.
- Experienced leadership – Strong management team with deep industry knowledge.
Balaji Phosphates Limited’s IPO presents an opportunity for investors to participate in the growing fertilizer sector, which is crucial for India’s agricultural economy. With a proven track record, strong distribution network, and strategic expansion plans, the company aims to strengthen its market position. Investors should analyze the company’s fundamentals, financials, and industry trends before subscribing to the IPO.
