Price Band
₹66 - ₹70
Lot Size
2000
Issue Size
₹50.11 Cr
GMP
N/A
Subscription
1.21x
Analyzing...
IPO Schedule
1
Open
28 Feb 2025
2
Close
4 Mar 2025
3
Allotment
-
4
Listing
7 Mar 2025
About Balaji Phosphates
Balaji Phosphates is an SME engaged in the manufacturing and distribution of phosphate-based fertilizers. They cater to the agricultural sector, providing essential nutrients for crop growth. The IPO aims to fund working capital requirements and general corporate purposes.
Key Strengths
- Established presence in the phosphate fertilizer market.
- Consistent Return on Equity (ROE) of 18.89% demonstrates profitability.
- Experience and understanding of the agricultural sector dynamics.
- Potential for growth in the agricultural sector due to increasing demand for fertilizers.
- SME status may allow for focused operations and quicker decision-making.
Risk Factors
- •Dependence on raw material availability and price fluctuations, particularly phosphate rock.
- •Exposure to regulatory changes and government policies related to the fertilizer industry.
- •Competition from larger and more established players in the fertilizer market.
Valuation Analysis
The P/E ratio of 20.67 suggests a relatively fair valuation compared to industry averages, however investors should consider the risks associated with SME IPOs and the specific fertilizer market dynamics before investing.
IPO Details
ExchangeNSE
SegmentSME
ISININE0PQ601019
NSE SymbolBALAJIPHOS
Face Value₹10
Lot Size2000
Issue Size₹50.11 Cr
Key Metrics
ROE23.2
ROCE27.8
P/E Ratio20.5
Industry P/E20
EPS3.39
PAT Margin4.00%
Debt/Equity0.3
Growth & Quality
ProfitableYes ✓
Subscription
Total0.19x
Imbalance Ratio6.6x
Documents
RHP not available
Key Dates
Open Date28 Feb 2025
Close Date4 Mar 2025
Listing7 Mar 2025