ListedSMEFertilizersBALAJIPHOS

Balaji Phosphates IPO

Balaji Phosphates IPO is an SME IPO raising ₹50 Cr at ₹66 – ₹70 a share. It listed on 7 Mar 2025 at ₹75, +7.1% against its issue price of ₹70, and trades at ₹116 today (+65.7% since issue). It was subscribed 0.76× in total.

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₹70

Issue price

₹116

Price now

+65.7%

Since issue price

7 Mar 2025

Listed on

0.76×Subscribed (final) · all exchanges

Only 76% of shares on offer have been bid for

populated partly populated we hold nothing here — the tab says why

Terms of the issue

The mechanics of what is being sold. Held for every issue we track.

Price band₹66 – ₹70

Cut-off price₹70

Issue size₹50 Cr

Shares per lot2000

Minimum application₹1,40,000

Minimum quantity2000

Face value₹10

Listing exchangesNSE

ISININE0PQ601019

Bidding hours10:00 – 17:00 IST

Bidding window28 Feb 2025 – 4 Mar 2025

SME

What being an SME issue means here. SME issues list on NSE Emerge or BSE SME. They disclose less than mainboard issues, trade far more thinly, and — by regulation — the minimum application is a full lot worth roughly ₹1–1.5 lakh rather than about ₹15,000. That is why the minimum above is so much larger than for a mainboard issue.

Not here yet

Valuation against the issuer's named peers, what the fresh money funds, and the anchor-investor allocation come from reading the prospectus, which we do for current and upcoming issues — historical issues will not gain them.