Is Balaji Phosphates Limited IPO Halal or Not? If you’re looking for a detailed Shariah compliance analysis, you’re in the right place! In this article, we break down whether Balaji Phosphates Limited IPO meets Shariah Screening guidelines.
Is Balaji Phosphates Limited IPO Halal or Not?
Balaji Phosphates Limited, a company in the chemical and fertilizer sector, has undergone a Shariah compliance screening based on key financial and business criteria. Based on the financial information available, Balaji Phosphates Limited IPO appears to be Not Halal and Non-Shariah Compliant.
Shariah Compliance Analysis of Balaji Phosphates Limited
| Criteria | Value | Status |
| Business Activity | Chemical | ✅ PASS |
| Impermissible Income to Total Revenue | 0.06% | ✅ PASS |
| Interest-Bearing Debt to Total Assets | 37.34% | ❌ FAIL |
| Illiquid Assets to Total Assets Ratio | 42.02% | ✅ PASS |
| Net Liquid Assets vs Market Capitalization | Compliant as per Shariah principles | ✅ PASS |
| Non-Compliant Investments to Total Assets | Less than 33% (Compliant) | ✅ PASS |
For verification of the above analysis report, refer to the current financial report of Balaji Phosphates Limited here.
Listings Details of Balaji Phosphates Limited
| IPO Opening Date | Friday, February 28, 2025 |
| IPO Closing Date | Tuesday, March 04, 2025 |
| Expected Allotment Date | Wednesday, March 05, 2025 |
| Refund Initiation | Thursday, March 06, 2025 |
| Shares Credited to Demat | Thursday, March 06, 2025 |
| Expected Listing Date | Friday, March 07, 2025 |
| UPI Mandate Confirmation Deadline | 5 PM on March 04, 2025 |
Business Overview of Balaji Phosphates Limited
Balaji Phosphates Limited is engaged in the manufacturing and distribution of phosphate-based fertilizers and industrial chemicals. The company plays a vital role in India’s agricultural sector by supplying high-quality fertilizers that enhance soil fertility and crop yield.
With a strong focus on research and development, Balaji Phosphates aims to improve agricultural productivity through innovative fertilizer solutions. Its expanding production capacity and strategic partnerships position it as a significant player in India’s agrochemical industry. As the demand for fertilizers grows, Balaji Phosphates continues to scale its operations to cater to the increasing market needs.
Conclusion
Based on the Shariah Screening Process, Balaji Phosphates Limited IPO appears to be Not Halal and Non-Shariah Compliant as it does not meet all major Shariah screening guidelines (Allah Knows the Best). However, investors should conduct their own due diligence and review the company’s financials periodically for any changes in compliance.
Disclaimer: The information on Halalfinance.co.in is for educational and informational purposes only and not financial advice. We are not liable for any investment decisions you make; always consult a financial advisor before investing.
Hasan is the founder of HalalFinance.co.in, created after personally struggling to find reliable answers about halal investing in stocks. With a finance background and a passion for helping the Muslim community, He now shares well-researched, transparent, and authentic content to empower Muslims on their path to halal wealth-building.
1 thought on “Is Balaji Phosphates Limited IPO Halal or Not?”