Balaji Phosphates IPO subscription started on Friday, February 28, 2025, and will close on March 4, 2025, as per the schedule. The price band is set at ₹66 to ₹70 per share with a face value of ₹10 each.
Balaji Phosphates IPO Subscription Status
Balaji Phosphates IPO Subscribed over 0.56x on its Second day till 05.00 PM on 3rd March, 2025.
- Balaji Phosphates IPO subscription QIB investors portion is 0x times, while NII subscribed 0.98x times and RII investors subscribed 0.55x times.
- The company has received bids for 35,10,000 shares against 62,28,000 shares on offer on the Second day.
- Balaji Phosphates IPO Subscribed over 0.56x on day 2.
- Balaji Phosphates IPO Subscribed over 0.18x on day 1.
About Balaji Phosphates IPO
In today’s era, getting quality fertilizer products is inevitable, ensuring it’s safe for us. So “Balaji Phosphates” is one of the leading companies in terms of supplying various fertilizers, such as Single Super Phosphate in both powder and granulated forms, NPK Granulated and Mixed Fertilizers, and Zinc Sulphate. Balaji Phosphates Private Limited was founded on April 4, 1996, also It is a non-government company and is registered with the RoC-Kanpur.
Further, all their products comply with the regulations specified by the Fertilizer Control Order of India. As of 31 March 2024, the plant had an annual production capacity of 1,20,000 MT for SSP, 3,300 MT for Zinc Sulphate, and 49,500 MT for NPK Granulated & Mixed Fertilizers. Financially, it’s revenue of 151.55 cr in FY 2024, which was higher than the last two years.
Balaji Phosphates IPO Company Financial Report
The company reported revenue of ₹151.68 crores in 2024 against ₹144.64 crore in 2023. The company reported profit of ₹6.04 crores in 2024 against profit of ₹6.09 crores in 2023.
Balaji Phosphates IPO GMP:
Balaji Phosphates IPO GMP was ₹0 as of Monday, 3rd March, 2025. That indicates the IPO is trading at ₹70 with ₹0 premium in the grey market against the issue price of ₹70.
