Balaji Speciality Chemicals IPO Details: Balaji Speciality Chemicals IPO is scheduled to hit the market on … and close on … Balaji Speciality Chemicals plans to raise around ₹425 crores through an IPO with a sale of up to 26,000,000 equity shares of ₹2 each. The retail quota is 35%, QIB is 50%, and HNI is 15%.
Founded in 2010, Balaji Speciality Chemicals Limited, a subsidiary of Balaji Amines Limited (BAL), has solidified its position as a distinguished manufacturer specializing in methylamines, ethylamine, and derivative specialty chemicals, including vital pharma excipients.
Employing the innovative Monoethanol Amine (“MEA”) process, the company crafts niche chemicals such as Ethylenediamine, Piperazine (Anhydrous), Diethylenetriamine, Amino Ethyl Ethanol Amines, and Amino Ethyl Piperazine. These compounds, recognized as import substitutes, play a pivotal role across diverse industries, spanning specialty chemicals, agrochemicals, and pharmaceuticals.
Nestled in Solapur, Maharashtra, Balaji Speciality Chemicals’ manufacturing unit encompasses a sprawling expanse of 41,920 square meters. Through its meticulous processes, the facility attains an annual installed capacity of 30,000 MT, a testament to the company’s commitment to quality and innovation.
Balaji Speciality Chemicals IPO Details
Balaji Speciality Chemicals IPO opens on …, and closes on …. The Listing date for Balaji Speciality Chemicals IPO is on … The price band for IPO is ₹[.] to [.] per share and lot size of … Shares.
|Price||[.] to [.] per share|
|Face Value||₹2 per share|
Balaji Speciality Chemicals IPO Tentative Timetable
Balaji Speciality Chemicals opening date is … and close date is … . The IPO allotment date is … The refund initiation of IPO is on …. The credit of shares in demat account is on …. The listing date is on ….
|IPO Allotment Date||…|
|Shares Credit to Demat||…|
Balaji Speciality Chemicals IPO Lot Size
Lot Size of this IPO is …. A retail-individual investor can apply for up to .. lots.
Balaji Speciality Chemicals IPO Promoter Holding
|Pre Issue Share Holding||97.98%|
|Post Issue Share Holding||…|
Balaji Speciality Chemicals IPO Review
Balaji Speciality Chemicals Limited, established in 2010 as a subsidiary of Balaji Amines Limited (BAL), is stepping into the market with its IPO. The company specializes in the production of niche chemicals, including methylamines, ethylamine, and their derivatives, catering to various industries such as specialty chemicals, agrochemicals, and pharmaceuticals. A standout feature is its utilization of the Monoethanol Amine (“MEA”) process for manufacturing chemicals like Ethylenediamine, Diethylenetriamine, and more, which have garnered significance as import substitutes.
The company’s manufacturing facility situated in Solapur, Maharashtra, spans over 41,920 square meters, with an annual installed capacity of 30,000 MT. It holds an impressive clientele, including prominent names like Dr. Reddy’s Laboratories, UPL Limited, and Aarti Drugs Limited. With revenues increasing from ₹538.81 million in Fiscal 2020 to ₹5,142.80 million in Fiscal 2022, Balaji Speciality Chemicals has showcased notable growth.
The IPO details reveal a Book Built Issue, with the company planning to raise funds for repayment of borrowings and working capital requirements. While the precise issue size and price range are yet to be disclosed, Balaji Speciality Chemicals’ IPO marks an intriguing opportunity for investors looking to venture into the chemical manufacturing sector. As the company sets its sights on listing on BSE and NSE, it’s worth monitoring its journey in the market.
Balaji Speciality Chemicals IPO – Company Financials
Profit & Loss
|PARTICULARS||MAR 2020||MAR 2021||MAR 2022||MAR 2023|
|Profit Before Tax||7.90||22.89||35.16||42.81|
|Provision for Tax||2.35||5.90||9.01||11.05|
|Adjusted EPS (Rs.)||0.18||0.54||0.84||1.0|
Balaji Speciality Chemicals IPO Subscription Status (Bidding Details)
|Qualified Institutions (QII)||0|
|bNII (bids above ₹10L)||0|
|sNII (bids below ₹10L)||0|
Balaji Speciality Chemicals IPO Broker Recommendations
- 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 FAQs
What is Balaji Speciality Chemicals IPO?
Balaji Speciality Chemicals is issuing 26,000,000 equity shares with a face value of ₹2 each, totaling up to ₹ Cr. The shares are being offered at a price of ₹. to ₹. each, with a minimum order quantity of . shares.
… is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.
When Balaji Speciality Chemicals IPO will open?
Balaji Speciality Chemicals will open on … for QIB, NII, and Retail Investors.
When Balaji Speciality Chemicals IPO will end?
Balaji Speciality Chemicals will end on ….
What is Balaji Speciality Chemicals IPO Size?
Balaji Speciality Chemicals IPO size is ₹ crores.
What is Balaji Speciality Chemicals IPO Price Band?
Balaji Speciality Chemicals price band is ₹ [.] to [.] per share
What is the Balaji Speciality Chemicals IPO Allotment Date?
Balaji Speciality Chemicals allotment date is ….
What is the Balaji Speciality Chemicals IPO Listing Date?
Balaji Speciality Chemicals listing date is …. The IPO is to be listed on BSE and NSE.
How to Apply Balaji Speciality Chemicals IPO through Zerodha?
To apply for the IPO “Balaji Speciality Chemicals” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don’t have one, open a demat account with Zerodha.
How to Apply Balaji Speciality Chemicals IPO through Upstox?
To apply for the IPO “Balaji Speciality Chemicals” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don’t have one, open a demat account with Upstox.
How to check Balaji Speciality Chemicals IPO Allotment Status?
For Balaji Speciality Chemicals IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.
What is Balaji Speciality Chemicals IPO GMP?
You can check out here: Balaji Speciality Chemicals