Balaji Phosphates IPO: 10 key points to consider as ₹50 crore offer opens for subscription

Balaji Phosphates IPO: Fertiliser producer Balaji Phosphates' initial public offer (IPO) opened for public subscription on Friday, February 28. The price band has been fixed at ₹66 to ₹70 per equity share. The company's shares will debut on March 7.

Balaji Phosphates IPO: 10 key points to know

• Balaji Phosphates IPO subscription period: The offer is open for subscription from February 28 to March 4.
• IPO type: It is a book-built issue.
• IPO offer structure: The ₹50.11 crore initial share sale is a mix of fresh issuance of 59.40 lakh shares valued at ₹41.58 crore and an offer-for-sale (OFS) of 8.43 crore.
• Balaji Phosphates IPO price band: The price range has been set at ₹66 to ₹70 per share.
• Reservation: The company has reserved 40% of the net offer for retail investors, 30% for non-institutional investors (NIIs) and the remaining 30% for qualified institutional buyers (QIBs).
• Balaji Phosphates IPO lot size: Retail investors can apply for at least 2,000 shares. The minimum investment is ₹1,32,000.
• Objectives: The money raised will be used to meet capital expenditure requirements, working capital needs and corporate general purposes.
• Book-running lead manager and registrar: Arihant Capital Markets is the IPO's book-running lead manager, while Skyline Financial Services is the registrar.
• Allotment date: The basis of allotment will be finalised on March 5.
• Listing date: Shares will be listed on the NSE SME platform, Emerge, on March 7.

About Balaji Phosphates

Balaji Phosphates is a leading producer of phosphate-based fertilisers like Single Super Phosphate (SSP), NPK Granulated & Mixed fertilisers, and Zinc Sulphate under the brands BPPL and Ratnam. These products improve soil fertility and support plant growth by compensating deficiencies like zinc, phosphorus, potassium, and nitrogen. Its products are sold in states like Madhya Pradesh, Chhattisgarh, Andhra Pradesh, Maharashtra, and Telangana. Its manufacturing facility is situated in Dewas, Madhya Pradesh.