Balaji Phosphates IPO Listing: Premium entry of shares of fertilizer company Balaji phosphates today got a premium entry on NSE SME platform. Its IPO received an overall 1.21 times bid. Shares have been issued at a price of Rs 70 under the IPO. Today, it has entered NSE SEM at Rs 75.00, that is, IPO investors got a listing gains of 7.14 per cent. Share and climb up after listing. It jumped up to Rs 78.00 (Balaji Phosphates Share Price) i.e. IPO investors are now 11.43 per cent profit. This IPO overall was subscribed at 1.21 times. It had a share reserved for qualified institutional buyers (QIB), 1.26 times, non-institutional investors (NII) share 1.34 times and retail investors were full of 1.09 times. Under this IPO, new shares worth Rs 41.58 crore have been issued. Apart from this, 12.18 lakh shares with face value of Rs 10 have been sold under offers for cell window. The offer for sale money has been received by shareholders selling share. At the same time, the money collected through new shares will be used in the company capital experience, working capital and common corporate purposes. Balaji Phosphates, year 1996, Balaji Fosfates Single Super Fosfates (SSP) NPK and Mixed Khad and Zinc and Zinc Sulfate. Its products are sold under Ratanam and BPPL brand names. Its business is spread over MP, Chhattisgarh, Maharashtra, Andhra Pradesh and Telangana. Its manufacturing unit is in MP’s Dewas. Talking about the financial health of the company, in FY 2022, it made a net profit of Rs 3.19 crore, which jumped in the next financial year 2023 to Rs 6.09 crore but in the next financial year 2024 it fell slight to Rs 6.04 crore. During this period, the company’s revenue increased to Rs 151.68 crore annually from the compound rate (CAGR) of more than 10 per cent annually. Talking about the current financial year 2024-25, in April-August 2024 it has received a net profit of Rs 4.15 crore and a revenue of Rs 54.85 crore.
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