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15 Days Price Change

Balaji Phosphates IPO

Closing In

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Issue Size --
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Price Range 66  to  70 per share
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Min Investment ₹70
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Lot Size 1
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Face Value ₹10
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Draft Prospectus --
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Profile
  • Basic Info
  • IPO Tentative Timetable
  • IPO Lot Size
  • Subscription Status
  • Financials
  • Profit & Loss
  • Balance Sheet
  • Cash Flow
  • Ratios
  • Growth Rates
  • Other info

Overview

Balaji Phosphates Limited, established on April 4, 1996, is a prominent Indian manufacturer and supplier of phosphate-based fertilizers. The company specializes in Single Super Phosphate (SSP) in both powder and granulated forms, NPK granulated and mixed fertilizers, and zinc sulfate. These products are marketed under the brand names 'RATNAM' and 'BPPL' and are designed to enhance soil health and promote plant growth by addressing deficiencies in phosphorus and zinc. Operating from its manufacturing facility in Dewas, Madhya Pradesh, Balaji Phosphates serves a diverse customer base across regions including Madhya Pradesh, Chhattisgarh, Maharashtra, Telangana, and Andhra Pradesh. The company's commitment to quality is evident in its adherence to the Fertilizer Control Order of India. Read More

Basic Info

Face Value 10 per share

Price 66  to  70 per share

P/E (x) 16.3

Sales( Cr.) 127

PAT( Cr.) 8

EPS 4.3

Draft Prospectus --

Exchange NSE-SME

Promoter

Company Promoters

Mr. Alok Gupta Mr. Mohit Airen.

Pre Issue Share Holding 100%

Post Issue Share Holding 69.9%

Listing Details:

Listing Price: 75

Listing Gain: 6.67%

Current Price: 100

Gain On Issue: 100 | 0%

GMP: --

GMP %: -- %

IPO Tentative Timetable

Opening Date Feb 28, 2025
Closing Date Mar 04, 2025
Allotment Mar 05, 2025
Refund Mar 06, 2025
Delivery of Shares Mar 06, 2025
Listing Date Mar 07, 2025

IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 2000 140,000
Retail (Max) 1 2000 140,000
S-HNI (Min) 2 4000 280,000
S-HNI (Max) 7 14000 980,000
B-HNI (Min) 8 16000 1,120,000

Objective of the Issue

1. To meet the capital expenditure requirements. 2. To meet the working capital requirements. 3. General corporate purposes.

Issue

Category Nos Bid Bid (x)
QIB 2147400 2705724 1.3x
NII 2863200 3836688 1.3x
Retail 2147400 2340666 1.1x
EMP 0 0 0x
Total 7158000 8661180 1.2x

Net Sales (in cr.)

Total Income (in cr.)

Operating Profit (in cr.)

Net Profit (in cr.)

Shareholder Funds (in cr.)

Total Assets (in cr.)

Balaji Phosphates Profit & Loss

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 124 145 152 127
Other Income 0 0 0 2
Total Income 124 145 152 129
Total Expenditure 116 133 139 113
Operating Profit 8 12 12 15
Interest 3 3 3 4
Depreciation 1 1 1 1
Exceptional Income / Expenses 0 0 0 0
Profit Before Tax 5 8 8 11
Provision for Tax 1 2 2 3
Profit After Tax 3 6 6 8
Adjustments -0 -0 0 0
Profit After Adjustments 3 6 6 8
Adjusted Earnings Per Share 1.8 3.4 3.4 3.3

Balaji Phosphates Balance Sheet

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 23 29 35 80
Minority's Interest 0 0 0 0
Borrowings 8 8 7 5
Other Non-Current Liabilities 0 0 0 0
Total Current Liabilities 51 59 47 41
Total Liabilities 82 97 89 127
Fixed Assets 12 12 12 12
Other Non-Current Assets 0 0 1 12
Total Current Assets 70 85 76 103
Total Assets 82 97 89 127

Balaji Phosphates Cash Flow

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 2 3 2 0
Cash Flow from Operating Activities 3 -4 3 -36
Cash Flow from Investing Activities -0 -0 -8 5
Cash Flow from Financing Activities -3 4 4 31
Net Cash Inflow / Outflow 0 0 -1 0
Closing Cash & Cash Equivalent 3 3 0 0

Balaji Phosphates Ratios

# Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 1.79 3.41 3.39 3.33
CEPS(Rs) 2.34 3.89 3.86 3.73
DPS(Rs) 0 0 0 0
Book NAV/Share(Rs) 12.82 16.24 19.62 33.66
Core EBITDA Margin(%) 6.43 8.09 8.1 10.62
EBIT Margin(%) 6.01 7.58 7.63 11.49
Pre Tax Margin(%) 3.69 5.73 5.52 8.41
PAT Margin (%) 2.58 4.21 3.99 6.26
Cash Profit Margin (%) 3.37 4.8 4.54 7.01
ROA(%) 3.87 6.79 6.51 7.36
ROE(%) 13.96 23.49 18.89 13.77
ROCE(%) 17.38 22.36 18.72 16.2
Receivable days 91.09 76.83 73.52 109.26
Inventory Days 69.82 82.98 88.57 102.75
Payable days 73.64 68.42 49.13 36.93
PER(x) 0 0 0 29.74
Price/Book(x) 0 0 0 2.94
Dividend Yield(%) 0 0 0 0
EV/Net Sales(x) 0.19 0.23 0.32 2.1
EV/Core EBITDA(x) 2.76 2.76 3.96 17.12
Net Sales Growth(%) 0 16.89 4.85 -16.52
EBIT Growth(%) 0 47.49 5.52 25.74
PAT Growth(%) 0 90.79 -0.78 31.08
EPS Growth(%) 0 90.79 -0.77 -1.66
Debt/Equity(x) 0.87 0.91 0.95 0.39
Current Ratio(x) 1.38 1.43 1.64 2.51
Quick Ratio(x) 0.91 0.73 0.96 1.54
Interest Cover(x) 2.59 4.09 3.62 3.73
Total Debt/Mcap(x) 0 0 0 0.13

Sihora Industries Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -16% 1% 0% 0%
Operating Profit CAGR 25% 23% 0% 0%
PAT CAGR 33% 39% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -28% NA% NA% NA%
ROE Average 14% 19% 18% 18%
ROCE Average 16% 19% 19% 19%

Company Contact Information

Balaji Phosphates Ltd.

305 Utsav Avenue 12/5 Usha Ganj Jaora Compound Indore G. P. O

IPO Lead Manager(s)

Balaji Phosphates Ltd.

Arihant Capital Markets Ltd.

Registrar Info

Balaji Phosphates Ltd.

Frequently Asked Questions

All You Need To Know About IPO

When you leave without vesting, generally unvested ESOPs are cancelled. Vested ESOPs usually can be exercised after you depart, often within 3 to 6 months, depending on the company's ESOP plan.

For companies listed on a stock exchange, you can sell the shares any time after you exercise the ESOP option and the shares are in your demat account. If the company is unlisted or otherwise a startup, you can only sell the shares if and when the company announces a buyback or has a process for secondary sales.

Whenever you exercised your options to hold shares, you entered into a market risk situation, and if the valuation of the company drops, so do the shares.

Yes. ESOPs are valuable to the employer in that the employer is able to retain the best talent, align employee interests with company goals, and preserve cash while rewarding performance.

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