Balaji Phosphate IPO GMP Live, Open Date, Close Date, Price Band

Balaji Phosphates IPO bidding starts on February 28th 2025, and the closing date for it is March 4 2025, with a listing date of March 7 2025. This IPO offers 71,58,000 equity shares with a face value of Rs10. Balaji Phosphate IPO live GMP is at 0 indicating a neutral sentiment among the investors.

Balaji Phosphate IPO has an issue price band between Rs 66 and Rs 70 per share. Meanwhile, the investors can apply for a minimum lot size of 2000 shares. This IPO mark a significant step for Balaji Phosphate providing capital for future growth and an opportunity for investors to participate in the overall company success.

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Balaji Phosphate IPO GMP LIVE

The Balaji Phosphates IPO GMP live status is currently at 0 as it has not started trading yet. This SME IPO is set to open on Feb 28, 2025, aiming to raise funds through a fresh issue and offer for sale. Balaji Phosphate GMP of today reflects that grey market activity is yet to commence.

If the Balaji Phosphates IPO observes a strong subscription, its GMP could rise in the coming days while signalling a renewed interest. A premium of 10% to 15% or higher typically indicates a likelihood of oversubscription, potentially pushing the listing price above the allotment price. For now, with no GMP activity, the listing price is expected to align with the issue price, though it could change as the IPO approaches.

The GMP Live status of Balaji Phosphates IPO can play a crucial role in shaping investor confidence. A GMP quoting above 10% premium often boosts confidence, encouraging more applications. If the GMP remains below 10% or turns negative, interest may wane while increasing the chances of under subscription. Many Investors anticipate the initial GMP ticks might reach a premium of 10% or more once trading starts.

Balaji Phosphate IPO Price Band

Balaji Phosphate IPO price band is between Rs 66 to Rs 70 per share. The minimum amount required for retail investors to participate in the IPO is Rs 1,40,000( 70x2000 SHARE)  . However, for HNI’s, the minimum investment required is 2,80,000( 70X4000 SHARES)

Balaji Phosphate allotment status be available to its registrar Skyline Finances Services Private Limited, on March 7th, 2025. After the closing of IPO bidding and the subscription end, the allotment status of investors who applied for IPO will be available on the registrar platform

Balaji Phosphate IPO listing date is on, March 7, 2025. The Listing is on the NSE SME platform. Retail investors can sell the shares after 10 AM on the listing day.

Balaji Phosphate IPO: Listing Date, Lot Size, Issue Size, Price Band

Balaji Phosphate IPO: About The Company 

Balaji Phosphates Limited, founded in 1996, is a leading Indian producer of phosphate fertilizers based in Indore, Madhya Pradesh. Started by Mr Manoj Kanodia, it was later taken over by Mr Mohit Airen and Mr Alok Gupta in 2013, who diversified its operations into the manufacturing of Single Super Phosphate (SSP), Granulated SSP, NPK Mixed Fertilizers, and Zinc Sulphate. 

Based out of a state-of-the-art facility in Dewas, Madhya Pradesh, the company has an annual capacity of 120,000 MT of SSP and 3,300 MT of Zinc Sulphate as of March 2024. Its products, sold under the 'RATNAM' and 'BPPL' brands, are India's Fertilizer Control Order compliant and reach farmers through retailers, wholesalers, and cooperatives in Madhya Pradesh, Chhattisgarh, Maharashtra, Andhra Pradesh, and Telangana.

With over 40 employees and a strategic position, Balaji Phosphates helps to improve soil fertility and crop yield, sustaining India's farming industry. Its impending IPO, opening on February 28, 2025, seeks to raise Rs 50.11 crore.

Balaji Phosphate  IPO lot size is set at 2000 shares per lot. The minimum amount required for retail investors to participate in this IPO is Rs 1,40,000 (70 x 2000 shares). However, for the HNI category, the minimum investment amount required is at Rs 2,80,000(70X4000 shares)

Balaji Phosphate IPO promoters are Mr Alok and Mr Rohit. The promoter's combined shareholdings before the IPO was 100%; however, post-IPO, their shareholdings will decline to 69.9%.

The book-running lead manager of the Balaji Phosphates IPO is Arihant Capital Markets Ltd. Meanwhile, Skyline Financial Services Private Ltd is the registrar for the issue. The market maker for the Balaji Phosphates IPO is Nnm Securities Private Limited

Interested investors who want to apply for the Balaji Phosphate IPO can directly apply from the Bigul trading app, or you can apply on the Bigul website by visiting here. You can also check the details of the upcoming IPO on the Bigul platform.

1. What are the core details of Balaji Phosphate IPO?

Balaji Phosphate IPO has a fixed price issue worth up to Rs 50.11 crores. The price band for this IPO is between Rs 66-70 per share. This upcoming IPO is a fresh issue and offer for sale totalling of Rs 50.11cr

2. What is the Balaji Phosphate IPO open date and close date?

Balaji Phosphate IPO subscription opens on February 28, 2025, and closes on March 4, 2025.

3. When Will Balaji Phosphate IPO GMP go Live?

Balaji Phosphate IPO GMP is currently at Rs 0. It is expected that the listing price can be the same as the allotment price, which is Rs 70 per share. You can check the latest IPO Grey Market Premium.

4. How do you check the IPO Allotment status?

Balaji Phosphate IPO Allotment status can be seen on its registrar platform. Once the IPO subscription ends after the closing of IPO bidding, the allotment status of investors can see the shares in their demat at the date of listing

5. Who are the registrar and lead managers of Shreenath Paper IPO?

Balaji Phosphate IPO lead manager is Arihant Capital services Limited. The company has appointed Skyline Financial Services Limited as the registrar for this public issue.

Also Read:

• What is IPO?
• What is IPO GMP?
• Difference between IPO and FPO For Beginners
• Difference between SME IPO and Mainline IPO?