Balaji Phosphates Ltd. has announced public offering of 7158000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 60.00 per share. The gross proceeds of the issue are expected to be Rs 5,010.60 lakhs.
The company's initial public offer (IPO) will open on 28 February 2025 and is expected to close on 04 March 2025, subject to customary closing conditions. The price band of the issue has been fixed at Rs 66.00-70.00 per share.
The IPO includes a fresh Issue of 7158000 Equity Shares of the Company at an price of Rs 70.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 2000 shares with bids in multiples of 2000.
Balaji Phosphates Ltd. anticipates using the proceeds of the issue for .
Arihant Capital Markets Ltd. as lead manager & Skyline Financial Services Pvt. Ltd. is the registrar, to the issue.