Balaji Speciality Chemicals Limited is a manufacturer in India of niche chemicals such as Ethylenediamine, Piperazine (Anhydrous), Diethylenetriamine, Amino Ethyl Ethanol Amines, and Amino Ethyl Piperazine, using the Monoethanol Amine (“MEA”) process. The chemicals they manufacture are import substitutes and are used in various end-use industries such as speciality chemicals, agrochemicals, and pharmaceuticals.
Balaji Speciality Chemicals are one of the fastest-growing speciality chemicals companies in India. They are a subsidiary of Balaji Amines Limited (“BAL”), one of the leading manufacturers of aliphatic amines in India. They specialize in the manufacturing of methylamines, ethylamines, derivatives of specialty chemicals, and pharma excipients. Their products are used in pharmaceutical and agrochemical industries with various end use applications including corrosion control, photographic chemicals, solvents, and corrosion inhibitors amongst others.
They sold their products to 182 customers which include manufacturers of speciality chemicals, agrochemicals, and pharmaceuticals as well as distributors that further sell our products to customers in these industries. A few of their key customers are Nanjing Union Chemical Company Limited, Korea India Limited, UPL Limited, Dr. Reddy’s Laboratories Limited, and Aarti Dugs Limited. Their manufacturing facility is located at Solapur, Maharashtra for the manufacture of all of their products.
Objects of the Issue
- Repayment/pre-payment, in full or in part, of certainoutstanding borrowings availed by our Company.
- Funding working capital requirements of our Company.
- General corporate purposes.
Balaji Speciality Chemicals IPO Review (Apply or Not)
- To be updated soon
Brokerage Firm IPO Review
- Capital Market: To be updated soon
- Religare Broking: To be updated soon
- Hem Securities: To be updated soon
- Arihant Capital: To be updated soon
Balaji Speciality Chemicals IPO Date & Price Band Details
IPO Open: | 2023 |
IPO Close: | 2023 |
IPO Size: | Approx ₹[.] Crores |
Fresh Issue: | Approx ₹250 Crores |
Offer for Sale: | Approx 2,60,00,000 share |
Face Value: | ₹2 Per Equity Share |
IPO Price Band: | ₹[.] to ₹[.] Per Share |
IPO Listing on: | BSE & NSE |
Retail Quota: | 10% |
QIB Quota: | 75% |
NII Quota: | 15% |
Discount: | N/A |
DRHP Draft Prospectus: | Click Here |
RHP Draft Prospectus: | Click Here |
Anchor Investors List: | Click Here |
Balaji Speciality Chemicals IPO Market Lot
The Balaji Speciality Chemicals IPO minimum market lot is [.] shares with ₹[.] application amount. The retail investors can apply up-to 13 lots with [.] shares or ₹[.] amount.
Application | Lot Size | Shares | Amount |
Retail Minimum | 1 | – | ₹- |
Retail Maximum | 13 | – | ₹- |
S-HNI Minimum | 14 | – | ₹- |
B-HNI Minimum | 68 | – | ₹- |
Balaji Speciality Chemicals IPO Allotment & Listing Dates
The Balaji Speciality Chemicals IPO date is 2023 and the close date is 2023. The Balaji Speciality Chemicals IPO allotment will be finalized on 2023 and the IPO listing on 2023.
Price Band Announcement: | 2023 |
Anchor Investors Allotment: | 2023 |
IPO Open Date: | 2023 |
IPO Close Date: | 2023 |
Basis of Allotment: | 2023 |
Refunds: | 2023 |
Credit to Demat Account: | 2023 |
IPO Listing Date: | 2023 |
You can check IPO subscription status and IPO allotment status on their respective pages.
Balaji Speciality Chemicals IPO Form
How to apply for the Balaji Speciality Chemicals IPO? You can apply for Balaji Speciality Chemicals IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Balaji Speciality Chemicals IPO in the Invest section. The other option is you can apply for Balaji Speciality Chemicals IPO via IPO forms downloaded via NSE and BSE. Check out the Balaji Speciality Chemicals forms – Click BSE Forms & NSE Forms blank IPO forms download, fill, and submit in your bank or with your broker.
Balaji Speciality Chemicals Company Financial Report
₹ in Crores | |||
Year | Revenue | Expense | PAT |
2020 | ₹54.11 | ₹76.45 | ₹15.87 |
2021 | ₹175.88 | ₹160.63 | ₹10.40 |
2022 | ₹516.04 | ₹361.99 | ₹108.95 |
Balaji Speciality Chemicals IPO Valuation – FY2022
Check Balaji Speciality Chemicals IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
Earning Per Share (EPS): | ₹5.45 per Equity Share |
Price/Earning P/E Ratio: | N/A |
Return on Net Worth (RoNW): | 81.91% |
Net Asset Value (NAV): | ₹9.37 per Equity Share |
Peer Group
- Clean Science and Technology Limited
- Alkyl Amines Chemicals Limited
- Tatva Chintan Pharma Chem Limited
- Neogen Chemicals Limited
Company Promoters
- BALAJI AMINES LIMITED
- ANDE PRATHAP REDDY
- ANDE SRINIVAS REDDY
- RAM REDDY DUNDURAPU
- RAJESHWAR REDDY NOMULA
- GADDAM HEMANTH REDDY
Balaji Speciality Chemicals IPO Registrar
Link Intime India Private Limited
C-101, 1st Floor, 247 Park
L.B.S. Marg, Vikhroli West
Mumbai – 400 083, Maharashtra
Phone: +91 22 4918 6200
Email: [email protected]
Website: www.linkintime.co.in
Balaji Speciality Chemicals IPO Allotment Status Check
Check Balaji Speciality Chemicals IPO allotment status on Linkintime website allotment URL. Click Here
Balaji Speciality Chemicals IPO Lead Managers aka Merchant Bankers
- HDFC Bank Limited
- JM Financial Limited
Company Address
BALAJI SPECIALITY CHEMICALS LIMITED
2nd Floor, Balaji Towers No. 9/1A/1,
Hotgi Road, Aasara Chowk,
Solapur 413 224, Maharashtra, India
Phone: +91 217 2606 006
E-mail: [email protected]
Website: balajispecialitychemicals.com
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Note: The Balaji Speciality Chemicals IPO price band and date are not officially announced yet. The IPO grey market premium (Balaji Speciality Chemicals IPO Premium) will be added to the IPO grey market page as it will start).
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