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Balaji Speciality Chemicals IPO Details 2023

IPO Status: Upcoming [ to ]

Rated 3/5 by Team InvestorGain
Balaji Speciality Chemicals IPO Detail

Balaji Speciality Chemicals Mainline IPO worth of TBD is coming soon. it is a Mainline IPO which will list on BSE, NSE.

IPO opening and closing dates, IPO price band and lot size are yet to be announced.

Stay connected with us to get the complete Balaji Speciality Chemicals Mainline IPO 2024 details including business overview, financial performance, IPO opening and closing dates, GMP, issue details and subscription details.

Balaji Speciality Chemicals IPO Details

IPO Issue Opening Date:
IPO Issue Closing Date:
IPO Issue Price: ₹TBD Per Share
DRHP: Download DRHP
IPO Listing At: BSE, NSE
Retail Quota: Not less than 35% of the Net Offer
IPO Issue Type: Book Build Issue
IPO Issue Size: TBD
Offer for Sale: 2.60 Cr Shares
Fresh Issue: ₹250.00 Cr
Face Value: ₹2 Per Equity Share
IPO Discount: TBD
Promoter Holding Pre IPO: 97.98%
Promoter Holding Post IPO:

Balaji Speciality Chemicals IPO Important Dates

Get important updates regarding Balaji Speciality Chemicals IPO tentative timeline covering IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.

Balaji Speciality Chemicals IPO dates
IPO Activity Date
Basis of Allotment Date*
Refunds Initiation*
Credit of Shares to Demat*
IPO Listing Date*

* - Tentative Dates

Balaji Speciality Chemicals IPO Lots

IPO Activity Date
Issue Price ₹TBD
Market Lot: TBD Shares
1 Lot Amount: ₹TBD
Min Small HNI Lots(2-10 Lakh): TBD
Min Big HNI Lots(10+ Lakh): TBD
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**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.

About Company - Balaji Speciality Chemicals

Balaji Speciality is one of the fastest-growing speciality chemical companies in India. It manufactures chemicals such as Ethylenediamine, Piperazine (Anhydrous), Diethylenetriamine, Amino Ethyl Ethanol Amines and Amino Ethyl Piperazine, using the Monoethanol Amine. Its products are used in various industries such as agrochemicals, pharmaceuticals, speciality chemicals, and others.

In fiscal 2022, it has sold its products to 182 customers across different industries as well as distributors. Nanjing Union Chemical Company Limited, Korea India Limited, UPL Limited, Dr. Reddy's Laboratories Limited, and Aarti Drugs Limited are the key customers of the firm.

The manufacturing facility of the company is located at Solapur, Maharashtra with an aggregate installed capacity of 30,000 MT per annum.

Balaji Speciality Chemicals IPO Strengths

  • Sole manufacturer of niche chemicals in India with significant export potential
  • Growing revenue and operational performance as in fiscal 2022, it has reported Rs 5,142.80 million of revenue.
  • Diversified customer base across industries and geographies
  • Ability to leverage research and development capabilities
  • Well-established manufacturing facility in Solapur, Maharashtra with stringent quality standard
  • Highly experienced senior management
Incorporation Sector IPO Issue Size Website
2010 Speciality chemical TBD http://www.balajispecialitychemicals.com/

Balaji Speciality Chemicals IPO Objective

The company intends to utilize the net proceeds from the issue towards the funding of the following objects:

  1. Repayment/pre-payment, in full or in part, of certain outstanding borrowings availed by the company,
  2. Funding working capital requirements and general corporate purposes.
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Balaji Speciality Chemicals IPO Financial Information (Restated)
Period Ended31 Mar 202031 Mar 202131 Mar 202231 Mar 2023
Assets304.24303.04401.61480.98
Revenue54.12175.88516.04798.74
Profit After Tax-15.8710.40108.95178.14
Net Worth68.1378.53187.48365.55
Reserves and Surplus28.1338.53147.48325.55
Total Borrowing203.55204.41166.64
Amount in ₹ Crore

Balaji Speciality Chemicals IPO Peer Comparison

The table below show peer comparison from DRHP/RHP.

CompanyEPS BasicEPS DilutedNAVP/E(x)RoNWFinancial statements
Balaji Speciality Chemicals Limited5.455.459.3781.91
Clean Science and Technology Limited21.5121.5172.3574.8134.93
Alkyl Amines Chemicals Limited44.0443.95193.869.8425.24
Tatva Chintan Pharma Chem Limited44.5944.59213.4452.6130.01
Neogen Chemicals Limited18.718.7176.1276.0214.34

Company Address

Balaji Speciality Chemicals Limited
2 nd Floor,Balaji Towers No. 9/1A/1,
Hotgi Road,Aasara Chowk
Solapur ,Maharashtra-413224
India
Website: http://www.balajispecialitychemicals.com/
Phone: +91 217 2606 006
Email: investors@balajispeciali

Balaji Speciality Chemicals IPO Registrar

Link Intime India Private Ltd
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai - 400083
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Phone: +91-22-4918 6270
Email: [email protected]

Balaji Speciality Chemicals IPO Lead Manager

Balaji Speciality Chemicals IPO Important dates - Issue Open Date, close Date, IPO Listing Date. IPO Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, IPO Listing date. What is the issue open date and close date for Balaji Speciality Chemicals? Should I apply in Balaji Speciality Chemicals IPO?

Last Updated on 28-Apr-2024 16:32:50

FAQs

Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Balaji Speciality Chemicals IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Balaji Speciality Chemicals IPO with Zerodha.

Alternate approch to apply in Balaji Speciality Chemicals IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.

Balaji Speciality Chemicals IPO Review and Important Updates

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Apply in Balaji Speciality Chemicals IPO online

To subscribe or apply in Balaji Speciality Chemicals IPO, you can use the following methods:

MethodDetails
Balaji Speciality Chemicals IPO Applying Mode
Online Application3-in-1 Trading Account

If your broker is 3-in-1 service provider, you can apply in Balaji Speciality Chemicals IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment.

Online Application2-in-1 Trading Account

Brokers like Zerodha, TradeSmart Online provides access to applying in Balaji Speciality Chemicals IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online.

Online ApplicationASBA

This is one of the most popular mode of applying in Balaji Speciality Chemicals IPO. Most of the Syndicate Banks provide access to apply in Balaji Speciality Chemicals IPO via ASBA process. You must have your net banking access, DP ID information to apply in Balaji Speciality Chemicals IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account.

Offline ApplicationPhysical Form

You can apply in Balaji Speciality Chemicals IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app.

Balaji Speciality Chemicals IPO Review and Important Updates

Other relevant question on same topics are:

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Balaji Speciality Chemicals IPO Application is not yet available.

 

Balaji Speciality Chemicals IPO Listing Date is not yet announced.

 

Balaji Speciality Chemicals IPO Allotment Date is not yet announced.

 


User Reviews

5. Babu Aug 05 2023 11:30:32 AM Reply
Balaji Speciality Chemicals IPO expected listing gain.
4. Ankit Aug 05 2023 11:30:32 AM Reply
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3. Anshul Sharma Aug 05 2023 11:30:32 AM Reply
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2. karan wadhwani Aug 05 2023 11:30:32 AM Reply
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1. Bhagwati Agarwal Aug 05 2023 11:30:32 AM Reply
Balaji Speciality Chemicals IPO - CRISIL Rating, Apply or not?.