
Materials / Chemicals · NSE
Founded in 1996, Balaji Phosphates Limited is a leading manufacturer and supplier of fertilizers, including Single Super Phosphate (SSP), NPK Granulated & Mixed Fertilizers, and Zinc Sulphate, all adhering to India’s Fertilizer Control Order standards. The company markets its products under the trusted brands ‘RATNAM’ and ‘BPPL,’ serving retailers, wholesalers, and cooperatives, with farmers as the primary end users. Operating across key agricultural regions in Madhya Pradesh, Chhattisgarh, Maharashtra, Andhra Pradesh, and Telangana, Balaji Phosphates is committed to enhancing soil health and plant growth with its high-quality phosphate-based fertilizers. Its manufacturing unit, located in Dewas, Madhya Pradesh, has an annual production capacity of 120,000 MT of SSP, 3,300 MT of Zinc Sulphate, and 49,500 MT of NPK Granulated & Mixed Fertilizers. As of August 31, 2024, the company employs 40 individuals, including skilled and unskilled labor, administrative staff, management, and operations teams, all dedicated to supporting agricultural productivity and sustainability.
Price Band
₹66 – ₹70
Issue Size
₹50.11 Cr
Lot Size
2000 shares
GMP
Est. Listing
₹70
at current GMP
Subscribed
1.20x
overall
Open
28 Feb 2025
Close
4 Mar 2025
Allotment
5 Mar 2025
Refund
6 Mar 2025
Demat Credit
7 Mar 2025
Listing
7 Mar 2025
Last updated: 19 Oct 2026
Current Premium
Issue Price (Upper)
₹70
Band: ₹66 – ₹70
Estimated Listing Price
₹70
Upper price + GMP
Lot Size
2000 shares
Min investment ₹1,40,000
Estimated Profit / Lot
₹0
2000 × ₹0
Grey Market Premium trend
—
▲ 0 today
Updated less than a minute ago
| Date | GMP (₹) | GMP % | Est. Listing |
|---|---|---|---|
| 31 Oct 2026 | — | 0.0% | ₹70 |
| 30 Oct 2026 | — | 0.0% | ₹70 |
| 29 Oct 2026 | — | 0.0% | ₹70 |
GMP is unofficial market data. Not a guarantee of listing performance.
Balaji Phosphates Limited is bringing an initial public offering (IPO) in the Materials / Chemicals sector with an aggregate issue size of ₹50.11 Crores. The shares are offered at a price band of ₹66 to ₹70 per equity share on NSE. Currently, grey market participants and retail investors are watching the bidding trend, premium movement, and anchor book demand with keen interest.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 2000 shares (approx. ₹1,40,000 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Skyline Financial Services Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2025-03-07, while un-allotted funds or UPI block mandates will be released on 2025-03-06.
The latest grey market premium for Balaji Phosphates Limited IPO is ₹0, which indicates an expected listing price of ₹70.
Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.
No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.