Balaji Phosphates SME IPO Details, Financials, Valuation & Peers
Explore Balaji Phosphates IPO details, including IPO dates, financial statements, valuation, peer comparison and more.
Overview
Balaji Phosphates Limited is engaged in the manufacturing and supply of phosphate-based fertilizers, including Single Super Phosphate (SSP) in both powder and granulated forms, NPK Granulated & Mixed Fertilizers, and Zinc Sulphate. The company markets its products under the ‘RATNAM’ and ‘BPPL’ brands, catering to a diverse customer base of retailers, wholesalers, and state-owned cooperatives, with farmers being the end users. Its fertilizers play a crucial role in improving soil fertility and enhancing crop yields by addressing nutrient deficiencies in agricultural soils. The company’s operations are strategically located in Dewas, Madhya Pradesh, with a manufacturing facility spanning 12,600 square meters, equipped with advanced in-house testing laboratories for stringent quality control.
Key Points:
- Product Portfolio: The company manufactures Single Super Phosphate (SSP), NPK Granulated & Mixed Fertilizers, and Zinc Sulphate, which are essential for improving soil health and crop productivity.
- Market Reach: The company supplies fertilizers to farmers across Madhya Pradesh, Chhattisgarh, Maharashtra, Telangana, and Andhra Pradesh, supporting agricultural growth in these regions.
- Manufacturing Facility: The company operates a 12,600 sq. meter production unit in Dewas, Madhya Pradesh, with an installed capacity of 1,20,000 MT per annum for SSP, 49,500 MT per annum for NPK fertilizers, and 3,300 MT per annum for Zinc Sulphate.
- Raw Material Sourcing: The company imports Crushed Rock Phosphate (CRP) from Jordan, Morocco, Egypt, and other Gulf countries while sourcing Beneficiated Rock Phosphate (BRP) and Sulfuric Acid locally from Madhya Pradesh.
- Subsidiary Operations: The company owns Jyoti Weighing Systems Pvt. Ltd. (JWSPL), a 99.98% subsidiary specializing in the manufacturing of weighbridges with a capacity of up to 633 MT, supporting logistical and operational needs.
Objects of the Issue
- To meet the capital expenditure requirements
- To meet the working capital requirements
- General corporate purposes
IPO Details
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| Fields | Details |
|---|---|
| IPO Dates | 28 Feb - 04 Mar 2025 |
| IPO Price Band | ₹66 - ₹70 per share |
| Fresh Issue | 59,40,000 shares (₹41.58 crore) |
| Offer For Sale | 12,18,000 shares (₹8.53 crore) |
| Total IPO Size | ₹50.11 crore |
| Face Value | ₹10 |
| Listing On | NSE |
IPO Timeline
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| Event | Date |
|---|---|
| IPO Opening Date | 28 Feb 2025 |
| IPO Closing Date | 04 Mar 2025 |
| Basis Of Allotment | 05 Mar 2025 |
| Refunds | 06 Mar 2025 |
| Demat Transfer | 06 Mar 2025 |
| IPO Listing Date | 07 Mar 2025 |
Financial Statements
Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.
| Period Ended | 31st March 2022 | 31st March 2023 | 31st March 2024 | Aug 2024 |
|---|---|---|---|---|
| Total Income | 124.12 | 144.64 | 151.68 | 54.85 |
| Total Expenses | 119.56 | 136.37 | 143.31 | 49.42 |
| Net Profit/Loss | 3.19 | 6.09 | 6.04 | 4.15 |
| NPM (*) | 2.6 | 4.2 | 4.0 | 7.8 |
| Total Assets | 82.35 | 96.83 | 88.48 | 95.28 |
| Total Liabilities | 59.49 | 67.86 | 53.48 | 56.13 |
* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)
Valuation
Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.
| Period Ended | 31st March 2022 | 31st March 2023 | 31st March 2024 | Aug 2024 |
|---|---|---|---|---|
| EPS | 1.79 | 3.42 | 3.39 | 2.32 |
| ROE (%) | 15.0 | 23.5 | 18.89 | 11.18 |
| ROCE (%) | 17.3 | 19.8 | 16.7 | 9.15 |
| D/E Ratio | 0.87 | 0.91 | 0.95 | 0.91 |
| Current Ratio | 1.38 | 1.43 | 1.65 | 1.68 |
| EBITDA MARGIN (%) | 6.4 | 8.1 | 8.0 | 10.73 |
* Compiled from DRHP/RHP for valuation purposes.
Peer Comparison
Compare key financial metrics with industry peers to gain valuable insights into the company's performance compared to its competitors.
| Name | Revenue | P/E | EPS | RoNW | NAV |
|---|---|---|---|---|---|
| Balaji Phosphate Ltd | 151.55 | 20.65 | 3.39 | 17.26 | 19.62 |
| Coromandel International Ltd | 22,058.39 | 30.57 | 55.81 | 18.9 | |
| Paradeep Phosphate Ltd | 11,575.12 | 77.23 | 1.22 | 3.28 | 414.70 |
| Rama Phosphate Ltd | 603.17 | Negative | -17.56 | -9.39 | 305.24 |
* Revenue in (₹cr), RoNW in (%), EPS, NAV in (₹). P/E ratio is based on the highest price from the IPO price band.
Subscription Data from NSE and BSE
| Investor Type | Subscribed |
|---|---|
| Qualified Institutional Buyer (QIB) | 1.26 |
| Non-Institutional Investor (NII/HNI) | 1.34 |
| Retail Individual Investor (RII) | 1.09 |
| Total | 1.21 |
* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.
IPO Registrar
Skyline Financial Services Private Limited
Phone: 011-40450193-197
Email: ipo@skylinerta.com
Website: www.skylinerta.com
Company Promoters
- MR. ALOK GUPTA
- MR. MOHIT AIREN
Lead Managers
- Arihant Capital Markets Limited
Company Address
Balaji Phosphates Limited
305, Utsav Avenue, 12/5, Usha Ganj Jaora Compound, Indore G.P.O., Indore (Madhya Pradesh)- 452001
Phone: +919827090267
Email: infous@balajiphosphates.com
Website: www.balajiphosphates.com
FAQs
- What is the issue size of the Balaji Phosphates SME IPO?The Balaji Phosphates SME IPO has an issue size of ₹50.11 crore. This includes a fresh issue of 59,40,000 shares (₹41.58 crore) and an offer for sale (OFS) of 12,18,000 shares (₹8.53 crore).
- What is the price band of the Balaji Phosphates IPO?The price band for the Balaji Phosphates IPO is ₹66 - ₹70 per share.
- What are the bidding dates for the Balaji Phosphates IPO?The Balaji Phosphates IPO will open for bidding on 28 Feb 2025 and close on 04 Mar 2025.
- What is the allotment date for the Balaji Phosphates IPO?The allotment date for the Balaji Phosphates IPO is 05 Mar 2025.
- What is the minimum lot size and investment required for the Balaji Phosphates IPO?The minimum lot size for the Balaji Phosphates IPO is 2000 shares and the minimum investment required is ₹1,40,000.
- What is the listing date for the Balaji Phosphates IPO?The listing date for the Balaji Phosphates IPO is 07 Mar 2025.
- What is the Balaji Phosphates IPO grey market premium?The grey market premium (GMP) for the Balaji Phosphates IPO is currently at ₹0, with an expected listing gain of approximately 0%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.