IPO Schedule
1
Open
28 Feb
2
Close
4 Mar
3
Allotment
-
4
Listing
7 Mar
Balaji Phosphates IPO
Issue:₹70
List:₹80.15
CMP:₹144
NSELot: 2000SME
LISTEDSME
Issue Price₹70
Listing₹80.15
Current₹144
Content
About Balaji Phosphates
Balaji Phosphates is an SME engaged in the manufacturing and distribution of phosphate-based fertilizers. They cater to the agricultural sector, providing essential nutrients for crop growth. The IPO aims to fund working capital requirements and general corporate purposes.
Subscription Status
QIB
0.00x
NII
0.27x
Retail
0.22x
| Category | Day 3 | Day 2 | Day 1 |
|---|---|---|---|
| QIB | 1.26x | 0.00x | 0.00x |
| NII | 1.34x | 0.98x | 0.27x |
| Retail | 1.09x | 0.56x | 0.22x |
| Total | 1.21x | 0.57x | 0.19x |
Risk Factors
•Dependence on raw material availability and price fluctuations, particularly phosphate rock.
•Exposure to regulatory changes and government policies related to the fertilizer industry.
•Competition from larger and more established players in the fertilizer market.