Markets / IPO / Balaji Phosphates

Balaji Phosphates IPO

Updated 17:57

SME IPO on NSE Emerge · Fertilizers

Status
Listed
Price band
₹66–70
Lot size
2000 shares · ₹1,40,000
Subscribed
–

How it listed

Issue price
₹70
Listing price (open)
₹75.00 +7.14%
First-day close
₹74.35 +6.21%
Price now
₹126.20 +80.29%
Listing day7 Mar 2025
Open / high / low / close₹75.00 / ₹78.00 / ₹73.50 / ₹74.35
Shares traded on NSE17,70,000
Market value at the listing-day close₹177 cr

Closing prices since listing: 22 Oct ₹108.05, 23 Oct ₹101.75, 26 Oct ₹105.00, 27 Oct ₹105.00, 29 Oct ₹104.95, 30 Oct ₹107.00, 3 Nov ₹117.15, 4 Nov ₹123.50, 5 Nov ₹119.75, 6 Nov ₹125.00.

Balaji Phosphates share price, live chart and technicals →

Key dates

Bidding opens28 Feb 2025
Bidding closes4 Mar 2025
Allotment5 Mar 2025
Refunds and shares in demat6 Mar 2025
Listing7 Mar 2025

Lot size by investor type

ApplicationLotsSharesAmount
Individual investor (minimum)12,000₹1,40,000
HNI (minimum)24,000₹2,80,000

At ₹70 a share. In SME IPOs individuals must bid for at least 1 lots.

Subscription

Investor categoryShares bid for
Institutions (QIB)18,46,000
HNI / NII30,84,000
Retail29,60,000
Total78,90,000

NSE does not publish the shares offered to each category for this issue, so times subscribed cannot be shown. NSE and BSE bids together, as of 4 Mar 2025 17:54.

Applications from individual investors

1,488 applications in the individual investors' category.

NSE does not publish the shares set aside for this category for SME issues, so the chance of allotment cannot be worked out exactly. Winners are picked by lottery.

Demand at each price

Top price ₹7059.92 lakh shares75.9%
Cut-off final price, whatever it is; mostly retail17.14 lakh shares21.7%
Lower prices ₹66–691.84 lakh shares2.3%

Shares bid on NSE and BSE at each price in the band. Most bids at the top price, and little at lower prices, means buyers were keen.

Anchor investors

Anchor bid date27 Feb 2025
Anchor shares5,72,000
Raised from anchors₹4.00 cr
Lock-in ends for the first 50% (30 days)3 Apr 2025
Lock-in ends for the remaining 50% (90 days)2 Jun 2025

Anchor investors are large funds that buy the day before the IPO opens. SEBI locks in half their shares for 30 days from the allotment and the rest for 90 days; they can sell from the next trading day. Traders watch these dates because extra selling can come in.

Financials and valuation

At issue priceNow
Market value₹166 cr₹300 cr
P/E (last 12 months' profit)16.329.4
Revenue, last 12 months₹170 cr
Profit, last 12 months₹10 cr
Return on equity11.3%
Debt to equity0.47

From results the company filed with NSE (latest period to 31 Mar 2026). Twelve-month figures need four quarters of results, so they fill in over the first year after listing.

Other recent IPOs: Fertilizers

CompanyListedSubscribedOn listingSince IPO
Anya Polytech & Fertilizers SME2 Jan–+22.14%+26.07%

IPO details

Price band₹66–70
Final issue price₹70
Lot size2000 shares
Minimum investment₹1,40,000 (1 lot)
MarketNSE Emerge (SME)
Issue type100 % Book Building
Face value₹10
IndustryFertilizers
Issue size₹50.11 crore (about 71.58 lakh shares) · Fresh issue + offer for sale: fresh ₹41.58 cr, offer for sale ₹8.53 cr
ISININE0PQ601019
RegistrarSkyline Financial Services Private Limited
Helpline: 40450193, ipo@skylinerta.com
Lead managersArihant Capital Markets Limited
ProspectusRed herring prospectus (NSE)

Check allotment status

Allotment was finalised on 5 Mar 2025. Check it on the registrar's page (Skyline Financial Services Private Limited), NSE or BSE with your PAN or application number.

← All IPOs: open, upcoming and recently listed

From NSE's official IPO data. Expected dates follow SEBI's T+3 timetable; the exchange confirms them. Information only, not investment advice.

What is the Balaji Phosphates IPO price band and lot size?

The price band is ₹66–70 per share, and one lot is 2000 shares (₹1,40,000 at the upper price).

When is the Balaji Phosphates IPO allotment date?

Allotment was finalised on 5 Mar 2025, the next working day after bidding closed on 4 Mar 2025.

How many times was the Balaji Phosphates IPO subscribed?

Subscription figures are not available yet.

What is the Balaji Phosphates IPO listing date?

It listed on 7 Mar 2025 on NSE Emerge (SME).

When does the Balaji Phosphates anchor lock-in end?

The 30-day lock-in on half of the anchor investors' shares ends on 3 Apr 2025 and the 90-day lock-in on the rest ends on 2 Jun 2025; they can sell from the next trading day.

What was the Balaji Phosphates listing gain?

It opened at ₹75.00 against an issue price of ₹70, a gain of 7.14%. It is now up 80.29% from the issue price.