Balaji Phosphates SME IPO Subscription Status
Balaji Phosphates SME IPO closed on 4 March 2025 with an overall subscription of 1.21x based on shares applied. QIB demand came in at 1.26x, NII at 1.34x, and retail at 1.09x.
Allotment will be finalised on 5 March 2025. The stock is scheduled to list on NSE and BSE on 7 March 2025.
Issue Price
Rs 70.00
GMP Today
-
Overall Subscription
1.21x
Issue Size
₹50.11 Cr
Allotment Date
5 Mar 2025
Listing Date
7 Mar 2025
Balaji Phosphates SME IPO Subscription by Amount
Category-wise subscription based on amount applied at issue price Rs 70.00
| Category | Amount Offered | Amount Applied | Subscription |
|---|---|---|---|
| QIB | Rs 10.28 Cr | Rs 12.92 Cr | 1.26x |
| NII | Rs 14.28 Cr | Rs 19.08 Cr | 1.34x |
| IND | Rs 19.04 Cr | Rs 20.72 Cr | 1.09x |
| Total | Rs 43.60 Cr | Rs 52.72 Cr | 1.21x |
Balaji Phosphates SME IPO Subscription by Shares
Category-wise subscription based on shares bid. Application-wise bid counts are not available for this IPO yet.
| Category | Shares Offered | Shares Bid | Subscription |
|---|---|---|---|
| QIB | 14,68,000 | 18,46,000 | 1.26x |
| NII | 20,40,000 | 27,26,000 | 1.34x |
| IND | 27,20,000 | 29,60,000 | 1.09x |
| Total | 62,28,000 | 75,32,000 | 1.21x |
What Do These Subscription Numbers Mean?
A subscription of 1.21x by shares means the IPO received bids for 1 times the shares reserved. Allotment odds depend on application count in each category, not share volume.
Here is what each category number tells you:
QIB at 1.26x by shares: This is the strongest signal on the page. QIBs are institutional investors, mutual funds, foreign institutions, and banks. When they subscribe at 1.26x, it reflects serious institutional conviction.
NII at 1.34x by shares: NII includes high net worth individuals applying above Rs 2 lakh. Proportional allotment uses application subscription.
Retail at 1.09x by shares: Allotment is by lottery, but application-wise data is needed for accurate 1-in-X odds. Share oversubscription often overstates how hard allotment is.
Balaji Phosphates SME IPO Allotment Chances
Allotment odds below use application subscription (number of bids received), not share or amount subscribed.
Retail (IND)
- •Share subscription: 1.09x (application-wise data pending).
- •Allotment odds will be updated once application subscription is synced.
Check the Balaji Phosphates SME IPO Allotment Status page from 5 March 2025 for your allotment result.
Balaji Phosphates SME IPO Day-wise Subscription
| Day | QIB | NII | Retail | Overall |
|---|---|---|---|---|
| Day 1 - 28 Feb 2025 | 0.00x | 0.27x | 0.22x | 0.19x |
| Day 2 - 3 Mar 2025 | 0.00x | 0.98x | 0.56x | 0.57x |
| Day 3 - 4 Mar 2025 | 1.26x | 1.34x | 1.09x | 1.21x |
Balaji Phosphates SME IPO Key Dates
| Event | Date |
|---|---|
| IPO Open Date | 28 February 2025 |
| IPO Close Date | 4 March 2025 |
| Allotment Date | 5 March 2025 |
| Refund Initiation | 6 March 2025 |
| Share Credit to Demat | 6 March 2025 |
| Listing Date | 7 March 2025 |
| Minimum Investment | Rs 2,80,000.00 |
| Lot Size | 2000 shares |
About Balaji Phosphates SME
No company information available
Understanding Subscription Categories
QIB - Qualified Institutional Buyers
Includes foreign institutional investors, domestic financial institutions, mutual funds, and other qualified institutions. QIB demand is considered the most reliable indicator of institutional confidence in an IPO.
NII - Non-Institutional Investors
High net worth individuals applying above Rs 2 lakh. Divided into bNII (above Rs 10 lakh) and sNII (Rs 2 lakh to Rs 10 lakh). NII allotment is proportional.
IND - Individual Investors
Investors applying up to Rs 2 lakh per PAN. Allotment is by lottery when oversubscribed. Minimum one lot per successful applicant.
Balaji Phosphates SME IPO Subscription FAQs
What is Balaji Phosphates SME IPO subscription status today?
Balaji Phosphates SME IPO subscription closed on 4 March 2025 with overall subscription of 1.21x (by shares) as of 27 June 2026, 2:01 AM IST. QIB 1.26x, NII 1.34x, IND 1.09x.
What is the overall subscription of Balaji Phosphates SME IPO?
Balaji Phosphates SME IPO is subscribed 1.21x overall by shares at close on 4 March 2025. QIB 1.26x, NII 1.34x, and IND 1.09x.
What is Balaji Phosphates SME IPO QIB subscription?
Balaji Phosphates SME IPO QIB (Qualified Institutional Buyers) subscription is 1.26x by shares. QIB includes mutual funds, FIIs, banks, and other institutions.
What is Balaji Phosphates SME IPO IND subscription?
Balaji Phosphates SME IPO IND subscription is 1.09x by shares. Minimum retail bid is up to Rs 2 lakh per PAN.
What is Balaji Phosphates SME IPO NII subscription?
Balaji Phosphates SME IPO NII (Non-Institutional Investors) subscription is 1.34x by shares. NII covers bids above Rs 2 lakh.
What are allotment chances in Balaji Phosphates SME IPO for retail?
Balaji Phosphates SME IPO retail share subscription is 1.09x. Application-wise data is needed for accurate lottery odds.
When is Balaji Phosphates SME IPO allotment date?
Balaji Phosphates SME IPO allotment date is 5 March 2025. Check Balaji Phosphates SME IPO Allotment Status on IPOwiz from that day using your PAN.
When does Balaji Phosphates SME IPO subscription close?
Balaji Phosphates SME IPO subscription closed on 4 March 2025. No new applications are accepted after the close.
What is Balaji Phosphates SME IPO GMP today?
GMP for Balaji Phosphates SME IPO is not available yet. Track Balaji Phosphates SME IPO GMP Today on IPOwiz once grey market activity starts.
What is Balaji Phosphates SME IPO issue price and lot size?
Balaji Phosphates SME IPO issue price is ₹70 per share. Lot size is 2000 shares. Minimum investment is ₹2,80,000 per lot (minimum 2 lots for SME). Issue size: ₹50.11 Cr.
When is Balaji Phosphates SME IPO listing date?
Balaji Phosphates SME IPO listing date is 7 March 2025 on NSE and BSE. Allotment is on 5 March 2025.
How does subscription affect Balaji Phosphates SME IPO allotment?
Allotment odds in Balaji Phosphates SME IPO depend on application subscription in each category, not share volume. Retail uses lottery when oversubscribed. NII uses proportional allotment by applications. At 1.21x overall, competition is moderate.
For allotment results from 5 March 2025, visit the Balaji Phosphates SME IPO Allotment Status page. For listing day updates on 7 March 2025, download the IPOwiz App.
Reviewed by Dinesh Agrawal
15+ years in Indian capital markets and IPO research. Subscription data verified before publish.