Balaji Phosphates IPO Allotment Status: Check Latest GMP, Steps To Verify Status

Bidding for Balaji Phosphates IPO was open from February 28 to March 4, 2025. The basis of allotment will be finalised on March 5, 2025. Here’s how you can check the allotment status. 

Check Balaji Phosphates Limited IPO Allotment Status Online On NSE

• Visit the NSE’s IPO allotment verification status page here. 
• Select “Equity & SME IPO bid details.”
• In Select Symbol, select “BALAJIPHOS.”
• Enter your PAN No. and application No.
• Click “Submit.”

Check Balaji Phosphates Limited IPO Allotment Status Online On Registrar’s Website

• Visit Skyline’s IPO allotment verification status page here. 
• Select “Company”
• Enter Client ID, Application No or PAN No.
• Click “Search.”

IPO Details

Balaji Phosphates IPO is a combination of fresh issue (59.40 lakh shares) and offer for sale component (12.18 lakh shares). The price band is set at ₹66 to ₹70 per share, and the tentative listing date on NSE SME is March 7, 2025. 

Use of Proceeds

The net proceeds from the Fresh Issue will be used towards the following objectives:

• Business expansion and infrastructure development
• Meeting working capital requirements
• Supporting strategic initiatives, operational efficiencies, and other corporate needs.

Balaji Phosphates Limited IPO - Overall Subscription Status

GMP (Grey Market Premium) Details

As of March 5, 2025, the GMP for Balaji Phosphates IPO stands at ₹0; the estimated listing price remains ₹70. This results in no expected gain or loss per share, with a percentage change of 0%.

Note: The Grey Market Premium (GMP) is not an official price and is based on market speculation.
Source: NDTV Profit Media Report dated March 5, 2025

Disclaimer: The GMP (Grey Market Premium) price is an unauthenticated market related news and has no discernible basis. The same quoted above is as per news appeared in the media report and is for information purposes only. The investor shall do their own study/research before using the same for taking any decision to invest. We neither engage in, trade, or deal in the grey market nor we recommend or endorse trading in the grey market.

Balaji Phosphates Limited Business Overview

Balaji Phosphates is a leading manufacturer and supplier of high-quality fertilisers that meet the standards set by the Fertilizer Control Order of India. Their customers include retailers, wholesalers, and state-owned cooperatives, with framers being the final users. They have a modern manufacturing facility located in Madhya Pradesh, spread across 12,600 square meters.

Disclaimer: Investing in SME IPOs involves a high degree of risk. Such investments may be suitable only for investors with a high-risk tolerance and the ability to bear potential losses. Perform thorough due diligence and consult a financial advisor before investing. Invest wisely and at your own discretion.

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