Balaji Phosphates IPO opens on Friday. Check price band, GMP, other details
Price band for Balaji Phosphates IPO
The IPO price band is set at Rs 66 to Rs 70 per share.
Latest GMP for Balaji Phosphates IPO
Ahead of the issue, the company's shares were trading with a GMP of Rs 0 in the unlisted market on Tuesday, indicating a nil premium over the upper end of the IPO price band of Rs 70.
IPO lot size
The minimum lot size for retail investors is 2,000 equity shares, requiring a minimum investment of Rs 1,40,000 at the upper price band.
Proceeds from IPO
The net proceeds from the IPO will be utilized for establishing a warehouse at the company’s subsidiary factory, upgrading existing facilities, meeting working capital requirements, and addressing general corporate purposes.
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