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Balaji Phosphates IPO is a book-built issue amounting to ₹50.11 crores. The issue comprises a fresh issue of 59.40 lakh shares, aggregating to ₹41.58 crores, and an offer for sale (OFS) of 12.18 lakh shares, totalling ₹8.53 crores.
The IPO subscription opens on February 28, 2025, and closes on March 4, 2025. The allotment is expected to be finalized on March 5, 2025, while the listing on NSE SME is tentatively scheduled for March 7, 2025.
The IPO price band is set between ₹66 to ₹70 per share. The minimum lot size for an application is 2,000 shares, requiring a minimum investment of ₹1,32,000 for retail investors. However, investors are advised to bid at the cutoff price of approximately ₹1,40,000 to avoid the risk of oversubscription. For HNI investors, the minimum lot size is 2 lots (4,000 shares), translating to an investment of ₹2,80,000.
| IPO Date | February 28, 2025 to March 4, 2025 |
| Listing Date | February 28 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹66 to ₹70 per share |
| Lot Size | 2,000 Shares |
| Total Issue Size | 71,58,000 shares (aggregating up to ₹50.11 Cr) |
| Fresh Issue | 59,40,000 shares (aggregating up to ₹41.58 Cr) |
| Offer for Sale | 12,18,000 shares of ₹10 (aggregating up to ₹8.53 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,78,37,100 shares |
| Share Holding Post Issue | 2,37,77,100 shares |
| Market Maker Portion | Share Holding Pre-Issue |
| IPO Open Date | Fri, Feb 28, 2025 |
| IPO Close Date | Tue, Mar 4, 2025 |
| Tentative Allotment | Wed, Mar 5, 2025 |
| Initiation of Refunds | Thu, Mar 6, 2025 |
| Credit of Shares to Demat | Thu, Mar 6, 2025 |
| Tentative Listing Date | Fri, Mar 7, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 4, 2025 |
| Retail (Min) | 1 | 2000 | ₹1,40,000 |
| Retail (Max) | 1 | 2000 | ₹1,40,000 |
| HNI (Min) | 2 | 4,000 | ₹2,80,000 |
| Investor Category | Shares Offered |
|---|---|
| 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 Issue |
| Period Ended | 31 Aug 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 95.28 | 88.48 | 96.83 | 82.35 |
| Revenue | 54.85 | 151.68 | 144.64 | 124.12 |
| Profit After Tax | 4.15 | 6.04 | 6.09 | 3.19 |
| Net Worth | 39.15 | 35 | 28.97 | 22.86 |
| Reserves and Surplus | 21.31 | 17.17 | 20.05 | 16.92 |
| Total Borrowing | 35.58 | 33.22 | 26.32 | 19.88 |
Maximizing Opportunities with Balaji Phosphates Limited IPO
The Balaji Phosphates Limited IPO presents an exciting opportunity for investors seeking to diversify their portfolios, especially in the agriculture and chemical sector. With its strong market presence, established track record, and promising growth prospects, the company has the potential to deliver solid returns. However, as with any investment, it's essential to carefully assess the risks and opportunities. Investors should conduct thorough research, consult with financial advisors, and evaluate their risk appetite before making any decisions.
