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Balaji Speciality Chemicals IPO is a book built issue. The issue comprises of fresh issue of Rs 250.00 crore and offer for sale of 2.6 crore shares.
Balaji Speciality Chemicals IPO dates are yet to be announced.
Balaji Speciality Chemicals IPO price bands are yet to be announced.
Hdfc Bank Limited and Jm Financial Limited are the book running lead managers of the Balaji Speciality Chemicals IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Balaji Speciality Chemicals IPO DRHP for detailed information.
| IPO Date | to |
| Listing Date | [.] |
| Face Value | ₹2 per share |
| Price | [.] to [.] per share |
| Lot Size | |
| Total Issue Size | [.] shares (aggregating up to ₹[.] Cr) |
| Fresh Issue | [.] shares (aggregating up to ₹250.00 Cr) |
| Offer for Sale | 26,000,000 shares of ₹2 (aggregating up to ₹[.] Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 200,000,000 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Offer |
| Retail Shares Offered | Not less than 35% of the Net Offer |
| NII (HNI) Shares Offered | Not less than 15% of the Net Offer |
Balaji Amines Limited, Ande Prathap Reddy, Ande Srinivas Reddy, Ram Reddy Dundurapu, Rajeshwar Reddy Nomula, and Gaddam Hemanth Reddy are the company's promoters.
| Share Holding Pre Issue | 97.98% |
| Share Holding Post Issue |
Incorporated in 2010, Balaji Speciality Chemicals Limited, a subsidiary of Balaji Amines Limited (BAL), manufactures methylamines, ethylamine, derivatives of specialty chemicals, and pharma excipients.
The company manufactures niche chemicals such as Ethylenediamine, Piperazine (Anhydrous), Diethylenetriamine, Amino Ethyl Ethanol Amines, and Amino Ethyl Piperazine, using the Monoethanol Amine ("MEA") process. These chemicals are import substitutes and are used in various end-use industries such as specialty chemicals, agrochemicals, and pharmaceuticals.
Balaji Speciality Chemicals' manufacturing unit is located in Solapur, Maharashtra. The manufacturing facility is spread across 41,920 square meters and had an aggregate annual installed capacity of 30,000 MT per annum as of March 31, 2022.
In Fiscal 2022, the company sold its products to 182 customers which include manufacturers of specialty chemicals, agrochemicals, and pharmaceuticals as well as distributors. The company's client list includes Nanjing Union Chemical Company Limited, Korea India Limited, UPL Limited, Dr. Reddy's Laboratories Limited, and Aarti Drugs Limited.
The company generated ₹538.81 million of revenue from operations in Fiscal 2020, ₹1,744.01 million in Fiscal 2021, and ₹5,142.80 million in Fiscal 2022.
| Period Ended | 31 Mar 2020 | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 304.24 | 303.04 | 401.61 | 480.98 |
| Revenue | 54.12 | 175.88 | 516.04 | 798.74 |
| Profit After Tax | -15.87 | 10.40 | 108.95 | 178.14 |
| Net Worth | 68.13 | 78.53 | 187.48 | 365.55 |
| Reserves and Surplus | 28.13 | 38.53 | 147.48 | 325.55 |
| Total Borrowing | 203.55 | 204.41 | 166.64 |
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
Balaji Speciality Chemicals Limited
2 nd Floor, Balaji Towers No. 9/1A/1,
Hotgi Road, Aasara Chowk,
Solapur - 413224
Phone: +91 217 2606 006
Email: investors@balajispeciali
Website: http://www.balajispecialitychemicals.com/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: balajispeciality.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
Balaji Speciality Chemicals IPO is a main-board IPO of [.] equity shares of the face value of ₹2 aggregating up to ₹[.] Crores. The issue is priced at [.] to [.] per share. The minimum order quantity is .
The Balaji Speciality Chemicals IPO open and close dates are not available as of now.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Balaji Speciality Chemicals IPO using UPI as a payment gateway. Zerodha customers can apply in Balaji Speciality Chemicals IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Balaji Speciality Chemicals IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Balaji Speciality Chemicals IPO dates are not announced. Please check back again after some time.
Balaji Speciality Chemicals IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Balaji Speciality Chemicals IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Balaji Speciality Chemicals IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Balaji Speciality Chemicals IPO allotment status.
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