Balaji Speciality Chemicals IPO Date, Review, Price, Allotment Details

Balaji Speciality Chemicals IPO Details: Balaji Speciality Chemicals IPO date is fixed, the IPO is to hit the market on [.] and will close on [.]. Balaji Speciality Chemicals IPO to raise around ₹425 crores via IPO that comprises fresh issue of ₹250 crores and offer for sale up to 2,60,00,000 equity shares ₹2 each. The retail quota is 10%, QIB is 75%, and HNI is 15%.
Balaji Speciality Chemicals IPO

Table of Contents

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.

ApplicationLot SizeSharesAmount
Retail Minimum1₹-
Retail Maximum13₹-
S-HNI Minimum14₹-
B-HNI Minimum68₹-

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
YearRevenueExpensePAT
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

Balaji Speciality Chemicals IPO FAQs

What is Balaji Speciality Chemicals IPO?

Balaji Speciality Chemicals IPO is a main-board IPO. They are going to raise ₹425 Crores via IPO. The issue is priced at ₹[.] to ₹[.] pr equity share. The IPO is to be listed on BSE & NSE.

When Balaji Speciality Chemicals IPO will open?

The IPO is to open on 2023 for QIB, NII, and Retail Investors.

What is Balaji Speciality Chemicals IPO Investors Portion?

The investors’ portion for QIB is 75%, NII is 15%, and Retail is 10%.

How to Apply the Balaji Speciality Chemicals IPO?

You can apply for Balaji Speciality Chemicals IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

How to Apply the Balaji Speciality Chemicals IPO through Zerodha?

Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Balaji Speciality Chemicals”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.

How to Apply the Balaji Speciality Chemicals IPO through Upstox?

Log in to the Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Balaji Speciality Chemicals”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.

How to Apply the Balaji Speciality Chemicals IPO through Paytm Money?

Log in to Paytm Money Application with your credentials. Select the IPO. You will see the IPO Name “Balaji Speciality Chemicals”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Paytm Money.

What is Balaji Speciality Chemicals IPO Size?

Balaji Speciality Chemicals IPO size is ₹425 crores.

What is Balaji Speciality Chemicals IPO Price Band?

Balaji Speciality Chemicals IPO Price Band is ₹[.] to ₹[.].

What is Balaji Speciality Chemicals IPO Minimum and Maximum Lot Size?

The minimum bid is [.] Shares with ₹[.] amount while the maximum bid is [.] shares with ₹[.].

What is the Balaji Speciality Chemicals IPO Allotment Date?

Balaji Speciality Chemicals IPO allotment date is 2023.

What is the Balaji Speciality Chemicals IPO Listing Date?

Balaji Speciality Chemicals IPO listing date is 2023. The IPO is to list on BSE and NSE.

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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