The allotment of shares for Balaji Phosphates Limited's Initial Public Offering (IPO) is set to be finalised today, March 5, 2025. Investors who have applied for the IPO online can check their allotment status through official sources. The IPO saw a subscription rate of approximately 1.21 times by its closing date on March 4, 2025.
Once the share allocation process is completed, investors who applied for the IPO online can verify their allotment status via the official website of the National Stock Exchange (NSE) or through Skyline Financial Services Private Limited, the registrar handling the IPO.
Balaji Phosphates IPO details
The IPO comprised a fresh issue of 5.94 million equity shares alongside an offer for sale of 1.21 million equity shares. The price band for the offering was set between ₹66 and ₹70 per share, with a minimum lot size of 2,000 shares.
It is important to note that Balaji Phosphates will not receive any proceeds from the offer for sale portion. However, the company intends to allocate funds from the fresh issue towards capital expenditure, working capital needs, and general corporate purposes.
Balaji Phosphates IPO listing date
Shares of Balaji Phosphates are expected to be listed on the NSE SME platform on March 7, 2025. Analysts suggest that the listing may see limited movement based on subscription trends, but investors are advised to consider other financial factors before making trading decisions.
About Balaji Phosphates
Founded in 1996, Balaji Phosphates specialises in manufacturing Single Super Phosphate, NPK Granulated, and Mixed Fertilisers, as well as Zinc Sulphate. The company markets its products under the brands 'RATNAM' and 'BPPL'.
As of March 31, 2024, the company's production facility in Dewas, Madhya Pradesh, had a manufacturing capacity of 120,000 metric tonnes per year for Single Super Phosphate. Balaji Phosphates distributes its products across multiple Indian states, including Madhya Pradesh and Maharashtra.
Investors who applied for the IPO online can check their allotment status and prepare for the listing on the SME exchange. The company's future market performance will depend on multiple factors, including its financial health and industry conditions.
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