Balaji Phosphates was listed on the stock exchange on March 7, 2025, marking a promising start for investors. The IPO, priced at ₹70 per share, saw moderate demand with a subscription rate of 1.21x.
Ahead of listing, the Balaji Phosphates IPO GMP (a key indicator of investor sentiment) held steady at ₹0 as of March 7, 2025, signaling expectations of a neutral opening with no projected gains or losses.
Defying the subdued GMP outlook, Balaji Phosphates IPO (BALAJIPHOS) is listed @ ₹75, a 7.14% premium over its issue price. This not only outperformed grey market predictions but also delivered a positive surprise to subscribers, showcasing resilience in early trading.
The listing price, surpassing the GMP’s implied valuation of ₹70, underscores cautious optimism in the market and sets an encouraging tone for the stock’s trajectory post-debut.
Balaji Phosphates IPO GMP Day-wise Trends
| Date | IPO Price | GMP | Trend | Kostak | Subject to | Est Listing |
|---|---|---|---|---|---|---|
| 06/03/2025 | ₹70 | ₹0 |  | — | — | ₹70 (0%) |
| 05/03/2025 | ₹70 | ₹0 | | — | — | ₹70 (0%) |
| 04/03/2025 | ₹70 | ₹0 | | — | — | ₹70 (0%) |
| 03/03/2025 | ₹70 | ₹0 | | — | — | ₹70 (0%) |
| 02/03/2025 | ₹70 | ₹0 | | — | — | ₹70 (0%) |
| 01/03/2025 | ₹70 | ₹0 | | — | — | ₹70 (0%) |
| 28/02/2025 | ₹70 | ₹0 | | — | — | ₹70 (0%) |
| 27/02/2025 | ₹70 | ₹0 | | — | — | ₹70 (0%) |
| 26/02/2025 | ₹70 | ₹0 | | — | — | ₹70 (0%) |
| 25/02/2025 | ₹70 | ₹0 | | — | — | ₹70 (0%) |
| 24/02/2025 | ₹70 | ₹0 | | — | — | ₹70 (0%) |
What is IPO GMP (Grey Market Premium)?
The IPO GMP is the premium at which an IPO is traded in the unofficial, unregulated grey market before its official listing. The grey market is an informal arena where a company’s shares are traded before their listing, offering early insights into how the market might value the IPO on its debut.
This premium serves as an estimate of the potential listing-day price. For instance, if an IPO has an issue price of ₹0, and the GMP is also ₹0, it indicates that investors in the grey market are prepared to buy the shares at a total of ₹0 (₹0 issue price + ₹0 premium).
A positive GMP signals strong demand and suggests that the IPO might trade at a profit once listed, while a negative GMP may indicate that the shares could be offered at a discount.
However, since the grey market operates without regulatory oversight, the GMP is subject to significant volatility. Relying solely on the GMP, for example, in the case of Name Type IPO, can be risky. It is essential to consider all relevant factors before making an investment decision.
Balaji Phosphates IPO Dates
| IPO Open Date: | February 28, 2025 |
| IPO Close Date: | March 4, 2025 |
| Basic of Allotment: | March 5, 2025 |
| Refund: | March 6, 2025 |
| Credit of Shares to Demat Account: | March 6, 2025 |
| IPO Listing Date: | March 7, 2025 |
Balaji Phosphates IPO Details
| SME IPO Open Date: | February 28, 2025 |
| SME IPO Close Date: | March 4, 2025 |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Issue Price: | ₹66 to ₹70 Per Share |
| SME Issue Type: | Book Built Issue |
| IPO Listing At: | NSE SME |
| SME Issue Size: | Approx ₹50.11 Crores |
| Offer for Sale: | Approx ₹8.53 Crores |
| Fresh Issue: | Approx ₹41.58 Crores |
| Retail Quota: | Not more than 40% |
| QIB Quota: | Not more than 30% |
| NII (HNI) Quota: | Not more than 30% |
| Promoter Holding Pre IPO: | 100% |
| Promoter Holding Post IPO: | 69.90% |
| NSE Code: | BALAJIPHOS |
About Balaji Phosphates
Founded on April 4, 1996, and registered with the RoC-Kanpur, Balaji Phosphates Private Limited has emerged as one of India’s leading suppliers of quality fertilizers.
In today’s competitive agricultural landscape, ensuring access to safe, effective fertilizers is essential, and Balaji Phosphates excels in delivering just that.
The company specializes in a diverse range of fertilizer products, including Single Super Phosphate (SSP) in both powder and granulated forms, NPK Granulated & Mixed Fertilizers, and Zinc Sulphate. All products are manufactured in strict compliance with the Fertilizer Control Order of India, underscoring the company’s commitment to quality and safety.
Its state-of-the-art manufacturing facility, as of March 31, 2024, boasts an impressive annual production capacity of 1,20,000 MT for SSP, 3,300 MT for Zinc Sulphate, and 49,500 MT for NPK fertilizers. Financially, the company achieved a revenue of ₹151.55 crores in FY 2024, marking a notable increase over the previous two years.
Balaji Phosphates IPO GMP FAQs
What is the current Balaji Phosphates IPO GMP?
The current Balaji Phosphates IPO GMP is ₹0.
What is the current Kostak Rate for the Balaji Phosphates IPO?
The current Kostak Rate for the Balaji Phosphates IPO is ₹0.
What is the current Subject to Sauda for the Balaji Phosphates IPO?
The current Subject to Sauda for the Balaji Phosphates IPO is ₹0.
What are the expected returns for the Balaji Phosphates IPO?
The expected returns for the Balaji Phosphates IPO are 0%.
Disclaimer: Balaji Phosphates SME IPO GMP
This article provides information on the Grey Market Premium (GMP) for the Balaji Phosphates SME IPO, valid only for the date mentioned.
The GMP represents the unofficial premium traded in the gray market before listing and serves as an early indicator of potential listing day performance. However, it is only an estimate, subject to change, and not a guaranteed forecast.
We are not involved in gray market transactions; the “Kostak Rate” reflects the premium from off-market sales before allotment or listing.
Investors should not base their subscription decisions solely on the GMP. Constantly evaluate the company’s fundamentals, your financial situation, and risk tolerance, and seek professional advice before investing.
This information is provided for educational purposes only by “Grow Wise Hub.”