Balaji Phosphates Ltd Share Price

Balaji Phosphates Limited was originally incorporated as Balaji Phosphates Private Limited on April 4 1996 through a Certificate of Incorporation issued by the Registrar of Companies Kanpur under the provisions of the Companies Act 1956. Pawan Kumar Agrawal and Sushil Kumar Agrawal were the initial subscribers to the company. In 2014 control of the company was transferred to its current promoters Mr. Mohit Airen and Mr. Alok Gupta. Following a Special Resolution passed at an Extraordinary General Meeting EGM on September 7 2023 the company was converted from a private limited company to a public limited company. Concurrently the companys name was changed to Balaji Phosphates Limited. Upon this conversion a new Certificate of Incorporation was issued by the Registrar of Companies Gwalior dated September 18 2023.The Company was originally promoted by Pawan Kumar Agrawal and Sushil Kumar Agrawal. In 2014 control of the company was transferred to the current promoters Mr. Mohit Airen and Mr. Alok Gupta.The Company is engaged in production of NPK Granulated and Mixed Fertilizers as well as Zinc Sulphate 21. The manufacturing plant is located at Dewas in Madhya Pradesh. The Company focus on manufacturing Phosphate Fertilizers offering a diverse range of products including Single Super Phosphate SSP in both powder and granulated forms. These SSP products are produced in accordance with the Fertilizer Control Order of India Standards. This plant has an installed capacity of 120000 MTPA for Single Super Phosphate 3300 MTPA for Zinc Sulphate and 49500 MT per annum of NPK Granulated Mix.The Company sell products under the brands known RATNAM and BPPL to a diverse customers including retailers wholesalers and stateowned cooperatives with farmers being the end users of the products. The phosphate fertilizers comprising Single Super Phosphate SSP Zinc Sulphate and NPK Granulated Mix Fertilizers are used in agricultural soils to enhance plant growth and development. SSP addresses phosphorus deficiencies especially in acidic soils promoting robust root development and seedling establishment. Zinc Sulphate corrects zinc deficiencies in alkaline and sandy soils enhancing plant health and crop yield. NPK Fertilizers provide a balanced blend of nitrogen phosphorus and potassium for optimal crop growth and improved productivity. In line with the initiatives of the Department of Fertilizers Government of India the Company provide valueadded fortified SSP with zinc and boron to tackle soil deficiencies. These products cater to farmers in Madhya Pradesh Chhattisgarh Maharashtra Telangana and Andhra Pradesh supporting local agricultural growth.One of the key raw materials is Rock Phosphate which is categorized into two types Crushed Rock Phosphate CRP and Beneficiated Rock Phosphate BRP. For CRP it rely on imports from various countries including Jordan Morocco Egypt and Other Gulf Countries which have abundant and goodquality supply. BRP on other hand is sourced locally. Additionally the Company source Sulphuric Acid a key ingredient in manufacturing process locally from Madhya Pradesh.The Company is planning an Initial Offer size aggregating upto 7160000 Equity Shares of Rs 10 each consisting a Fresh Issue upto 5940800 Equity Shares through Fresh Issue and 1219200 Equity Shares through Offer for Sale..

Listing date: 07 Mar, 2025