Balaji Phosphates IPO : An IPO is the process when a company opens its shares to the public. In other words, when shares of a private company are offered for purchase to the general public, it is called an IPO. Balaji Phosphates Company will issue 71.58 lakh shares through its Initial Public Offering.
The IPO subscription will close on this day (Balaji Phosphates IPO).
The company will issue 59.40 lakh shares through a fresh issue. Additionally, it will issue 12.18 lakh shares under the offer for sale. This IPO will open for subscription on February 28, 2025, and will close on March 4, 2025.
The allotment for the Balaji Phosphates IPO may take place on March 5. This IPO (Balaji Phosphates Limited IPO Listing) will be listed on the NSE SME, with a potential listing date set for March 7.
The company has not yet announced the price band. A maximum of 30 percent will be reserved for qualified institutional buyers. Retail investors will receive at least 40 percent of the IPO. At least 30 percent will be reserved for non-institutional investors.
Balaji Phosphates Limited IPO Details
is Arihant Capital Markets Limited. Skyline Financial Services Private Limited is the registrar for this issue. NNMM Securities Private Limited is the market maker for the Balaji Phosphates IPO. The promoters of the company are Mr. Alok Gupta and Mr. Mohit Airan. The net income obtained from the fresh offer will be used to fulfill various purposes. It will meet working capital needs to satisfy capital expenditure requirements and for general corporate purposes.
Details about Balaji Phosphates Limited
Balaji Phosphates Limited, which started in 1996, manufactures and supplies Single Super Phosphate (SSP), NPK granulated and mixed fertilizers, and zinc sulfate, which comply with India’s fertilizer control order standards.
The company sells its products under the brands ‘Ratnam’ and ‘BPPL’ to various customers, including retailers and wholesalers. The product portfolio includes phosphate fertilizers such as SSP, zinc sulfate, and NPK mix, which help promote plant growth in the soil.
The company sells its products in regions such as Madhya Pradesh, Chhattisgarh, Maharashtra, Andhra Pradesh, and Telangana. As of August 31, 2024, the company has a total of 40 personnel, including skilled and admin staff, management, and operational teams.
