Balaji Phosphates IPO opens for subscription. Check price band, GMP and other details
In the IPO, the company has reserved 30% for institutional investors, 40% for retail investors. The rest of 30% is kept aside for non-institutional investors, who in the recent past emerged as the strongest pillar for the IPOs in the SME segment.
What is the price band of Balaji Phosphates IPO?
Balaji Phosphates has priced the IPO in the range of Rs 66-70 per share, where investors can bid for 2,000 shares in one lot. If they wish to get more shares, bids should be made in multiple lots.
Check Balaji Phosphates IPO GMP
Ahead of the issue opening, the company had no GMP in the unlisted market. A GMP is widely tracked by investors to gauge the demand for the IPO and thereby knowing whether it will deliver any value on listing.
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