Fertilizing Growth: Balaji Phosphates IPO Sees 14% Subscription

The ₹50.11 crore IPO of Balaji Phosphates Limited has opened for subscription today, February 28, 2025. The issue has been subscribed 14% till now on its first day. The IPO, which is priced at ₹66-70 per share, comprises a fresh issue of ₹41.58 crore and an offer for sale of ₹8.53 crore. Minimum lot size is 2,000 shares with a minimum investment of ₹1,40,000 at the top price band. Shares of the company have no Grey Market Premium (GMP) currently. The issue closes on March 4, allotment on March 5, and listing on March 7 on the NSE SME platform.
Source: Economic Times, February 28, 2025