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Balaji Phosphates IPO Day 2: Balaji Phosphates shares get subscribed 0.58x times on day 2!

Balaji Phosphates Limited IPO recorded a 0.58x subscription on Day 2, reflecting cautious investor sentiment. This underscores confidence in the company’s growth potential, expansion initiatives, and future opportunities in the industry.
Balaji Phosphates Limited IPO saw 0.58x subscription on Day 2.
Balaji Phosphates Limited IPO saw 0.58x subscription on Day 2.

Balaji Phosphates Limited IPO achieved a 0.58x subscription on Day 2, indicating measured investor interest. This suggests confidence in the company’s long-term growth prospects, expansion strategies, and industry potential while reflecting a cautious approach from investors amid market conditions. The subscription trend highlights expectations for future business development.

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Balaji Phosphates Ltd IPO Subscription Status

Balaji Phosphates Limited’s IPO received a 0.17x subscription on Day 1, reflecting subdued investor interest. Despite the lukewarm response, it highlights confidence in the company’s growth prospects, expansion plans, and future opportunities in the industry.

How to check Balaji Phosphates Ltd IPO Subscription Status?

Steps to check Balaji Phosphates Ltd IPO subscription status on NSE

Following are the steps to check it through the NSE website

  • Visit NSE‘s official website.
  • Navigate to the ‘Market Data’ tab.
  • Choose ‘IPO’.
  • Select the ‘Balaji Phosphates Ltd IPO’ to check its subscription status.
  • Opt for either NSE Bid details or Consolidated Bid details.
  • Explore the total number of bids received from various investors. 

Balaji Phosphates Ltd IPO Allotment Status

The allotment date for the Balaji Phosphates Ltd IPO is set for March 5, with shares priced from ₹66 to ₹70 per share and a face value of ₹10. The offering consists of lots of 2,000 shares, with bids accepted for these lots or their multiples.

Balaji Phosphates Ltd IPO Listing Date 

Balaji Phosphates Ltd IPO is expected to be listed on the NSE SME on March 7, 2025.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.

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