Balaji Phosphates Ltd - IPO

Balaji Phosphates Ltd IPO Details

Initial public offer of upto 71,58,000 equity shares of face value of Rs. 10/- each (Equity Shares) of Balaji Phosphates Limited (the Company or the Issuer) for cash at a price of Rs. 70/- per equity share (the Offer Price), (including a premium of Rs. 60/- per equity share), aggregating upto Rs. 50.11 crores (the Offer), comprising of fresh offer of up to 59,40,000 equity shares aggregating up to Rs. 41.58 crores (the Fresh Issue) (the Issue) and an offer for sale of up to 12,18,000 equity shares by Aalok Gupta and Mohit Airen (Selling Shareholder) aggregating to Rs. 8.53 crores (Offer for Sale), the offer includes a reservation of 3,58,000 equity shares of face value of Rs. 10/- each, at an offer price of Rs. 70/- per equity share for cash, aggregating to Rs. 2.51 crores (the Market Maker Reservation Portion). The offer less market maker reservation portion i.e. offer of 68,00,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 70/- per equity share, aggregating to Rs. 47.60 crores is here in after referred to as the Net Offer. The offer and the net offer will constitute 30.10 % and 28.60 % respectively of the post offer paid up equity share capital of the company.

Objective of issue

To meet capital exp towards establishing a warehouse at its subsidiary factory premises & upgradation of existing facilities. To meet working capital requirements. General corporate purpoes.

Balaji Phosphates Ltd Contact Details

Balaji Phosphates Ltd, D-153/A 1st Flr, Okhla Industrial Are, Phase-I, New Delhi-110020

Phone - 011 - 26812682 / 83

Fax - 011 - 26812682

Email - infous@balajiphosphates.com

Website - www.balajiphosphates.com