Balaji Phosphates Ltd IPO: Balaji Phosphates Ltd is set to launch its Initial Public Offering (IPO), attracting significant investor interest. The company is offering a Public Cum Offer for Sale (Book Building) issue worth ₹50.11 crores. The issue consists of a fresh issue of 71.58 lakh shares.
The Balaji Phosphates Ltd IPO opens for subscription on February 28, 2025, and closes on March 4, 2025. The allotment is expected on March 5, 2025, with the listing scheduled for March 7, 2025, on NSE.
IPO Details
Particulars | Details |
Open Date | February 28, 2025 |
Close Date | March 4, 2025 |
Listing Date | March 7, 2025 |
Listing On | NSE |
Issue Price | ₹66 – ₹70 per share |
Lot Size | 2,000 shares |
Minimum Investment | ₹140,000 |
Issue Size | ₹50.11 Cr |
Total Shares Offered | 7,158,000 |
Balaji Phosphates Ltd IPO Reservation
The IPO offers a total of 7,158,000 shares, distributed as follows:
Investor Category | Shares Offered | Percentage |
Anchor Investors | 1,224,000 | 17.10% |
Qualified Institutional Buyers (QIB) | 816,000 | 11.40% |
Non-Institutional Investors (NII) | 2,040,000 | 28.50% |
Retail Individual Investors (RII) | 2,720,000 | 38.00% |
Balaji Phosphates Ltd IPO Subscription Details
The subscription status as of February 28, 2025, is as follows:
Category | Subscription Times |
Qualified Institutional Buyers (QIB) | 0x |
Retail Individual Investors (RII) | 0.11x |
Non-Institutional Investors (NII) | 0.01x |
Total Subscription | 0.05x |
Day-wise Subscription
Date | QIB | RII | NII | Total |
28-02-2025 | 0x | 0.11x | 0.01x | 0.05x |
Balaji Phosphates Ltd IPO Important Dates
Event | Date |
IPO Opening Date | February 28, 2025 |
IPO Closing Date | March 4, 2025 |
Basis of Allotment | March 5, 2025 |
Initiation of Refunds | March 6, 2025 |
Credit of Shares | March 6, 2025 |
Listing Date | March 7, 2025 |
About Balaji Phosphates Ltd
Balaji Phosphates Ltd is a leading company in the chemical sector, specializing in the production of phosphate-based fertilizers and chemicals used in agriculture and industrial applications. The company has shown robust financial growth in the past few years, making its IPO a significant opportunity for investors.
Why Invest in Balaji Phosphates Ltd IPO?
- Strong Market Position: A well-established player in the phosphate industry.
- Growing Demand: Increasing demand for fertilizers and phosphate-based products.
- Attractive Valuation: Priced at ₹66 – ₹70 per share, making it appealing for retail and institutional investors.
- Expansion Plans: The company plans to use the proceeds for business expansion and debt repayment.
Upcoming IPO This Week
Balaji Phosphates Ltd IPO is part of the Upcoming IPO in India this week, making it a key investment opportunity. Investors can track other Upcoming IPO in India NSE for better diversification and decision-making.
For investors looking at the Upcoming IPO list, Balaji Phosphates Ltd IPO offers a promising prospect in the chemical and fertilizer sector.
How to Apply for Balaji Phosphates Ltd IPO?
- Log in to your broker’s trading platform (Zerodha, Upstox, Groww, etc.).
- Navigate to the IPO section.
- Select “Balaji Phosphates Ltd IPO”.
- Enter the number of lots you want to apply for (minimum 2,000 shares).
- Confirm the bid and complete the payment process.
- Wait for allotment status on March 5, 2025.
Conclusion
Balaji Phosphates Ltd IPO is an excellent opportunity for investors looking to invest in the fertilizer and phosphate sector. With a competitive price band, strong financials, and strategic growth plans, this IPO is expected to generate strong interest from retail and institutional investors alike. Stay updated on the Upcoming IPO this week and track the Upcoming IPO list to make informed investment decisions.
