Mumbai, March 5 -- The initial public offer (IPO) of Balaji Phosphates received bids for 79,14,000 shares as against 65,86,000 shares on offer. The issue was subscribed 1.20 times.

Retail investors bid for 29,76,000 shares, non-institutional investors bid for 30,92,000 shares and qualified institutional investors bid for 18,46,000 shares.

The issue opened for bidding on 28 February 2025 and it closed on 4 March 2025. The price band of the IPO was set at Rs 66 to Rs 70 per share. The equity shares will list on NSE's SME platform.

The issue size comprised fresh issue of upto 59,40,000 equity shares and offer for sale upto 12,18,000 equity shares aggregating upto 71,58,000 equity shares. The promoter and promoter group shareholding dilute...