The IPO date for Balaji Speciality Chemicals has been set; the IPO will open on August 18 and finish on August 22. Balaji Speciality Chemicals IPO is expected to generate about 425 crores through an IPO that includes a fresh issue of 250 crores and an offer for sale of up to 2,60,00,000 equity shares at $2 each. The retail share is 10%, the QIB share is 75%, and the HNI share is 15%.
Balaji Speciality Chemicals Limited is a specialty chemical manufacturer in India that uses the Monoethanol Amine (“MEA”) process to produce Ethylenediamine, Piperazine (Anhydrous), Diethylenetriamine, Amino Ethyl Ethanol Amines, and Amino Ethyl Piperazine. Balaji Speciality Chemicals is one of India’s fastest-growing specialty chemical companies. They are a subsidiary of Balaji Amines Limited (“BAL”), one of India’s top producers of aliphatic amines. They specialise in the production of methylamines,
ethylamines, specialty chemical derivatives, and pharmaceutical excipients. Their products are employed in the pharmaceutical and agricultural industries, with applications ranging from corrosion control to photographic chemicals, solvents, and corrosion inhibitors.
They supplied their products to 182 clients, including specialty chemical, agrochemical, and pharmaceutical producers, as well as distributors who distribute our products to customers in these industries. Nanjing Union Chemical Company Limited, Korea India Limited, UPL Limited, Dr. Reddy’s Laboratories Limited, and Aarti Dugs Limited are a few of their important customers. Their production plant for all of their products is located in Solapur, Maharashtra.
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
Balaji Speciality Chemicals IPO Date & Price Band Details
| IPO Open: | August 18, 2023 |
| IPO Close: | August 22, 2023 |
| IPO Size: | Approx ₹425 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 |
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 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 August 18 and the close date is August 22. The Balaji Speciality Chemicals IPO allotment will be finalized on August 25 and the IPO listing on August 30.
| Price Band Announcement: | 2023 |
| Anchor Investors Allotment: | 2023 |
| IPO Open Date: | August 18, 2023 |
| IPO Close Date: | August 22, 2023 |
| Basis of Allotment: | August 25, 2023 |
| Refunds: | August 28, 2023 |
| Credit to Demat Account: | August 29, 2023 |
| IPO Listing Date: | August 30, 2023 |
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
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
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: balajispeciality.ipo@linkintime.co.in
Website: https://www.linkintime.co.in
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: investors@balajispecialitychemicals.com
Website: https://balajispecialitychemicals.com
Company Promoters
- BALAJI AMINES LIMITED
- ANDE PRATHAP REDDY
- ANDE SRINIVAS REDDY
- RAM REDDY DUNDURAPU
- RAJESHWAR REDDY NOMULA
- GADDAM HEMANTH REDDY
Balaji Speciality Chemicals IPO Lead Managers aka Merchant Bankers
- HDFC Bank Limited
- JM Financial Limited
Balaji Speciality Chemicals IPO FAQs :
Q1. What is Balaji Speciality Chemicals IPO?
Ans. 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.
Q2. When Balaji Speciality Chemicals IPO will open?
Ans. The IPO is to open on August 18, 2023 for QIB, NII, and Retail Investors.
Q3. What is Balaji Speciality Chemicals IPO Investors Portion?
Ans. The investors’ portion for QIB is 75%, NII is 15%, and Retail is 10%.
Q4. How to Apply the Balaji Speciality Chemicals IPO?
Ans. 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.
Q5. How to Apply the Balaji Speciality Chemicals IPO through Zerodha?
Ans. 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.
Q6. How to Apply the Balaji Speciality Chemicals IPO through Upstox?
Ans. 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.
Q7. How to Apply the Balaji Speciality Chemicals IPO through Paytm Money?
Ans. 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.
Q8. What is Balaji Speciality Chemicals IPO Size?
Ans. Balaji Speciality Chemicals IPO size is ₹425 crores.
Q9. What is Balaji Speciality Chemicals IPO Price Band?
Ans. Balaji Speciality Chemicals IPO Price Band is ₹[.] to ₹[.].
Q10. What is Balaji Speciality Chemicals IPO Minimum and Maximum Lot Size?
Ans. The minimum bid is [.] Shares with ₹[.] amount while the maximum bid is [.] shares with ₹[.].
Q11. What is the Balaji Speciality Chemicals IPO Allotment Date?
Ans. Balaji Speciality Chemicals IPO allotment date is August 25, 2023.
Q12. What is the Balaji Speciality Chemicals IPO Listing Date?
Ans. Balaji Speciality Chemicals IPO listing date is August 30, 2023. The IPO is to list on BSE and NSE.
