Balaji Speciality Chemicals IPO Details ( Balaji Speciality Chemicals Limited IPO Review )
(18 Aug 2023 – 22 Aug 2023)
Established in 2010, Balaji Speciality Chemicals Limited, a subsidiary of Balaji Amines Limited (BAL), is engaged in the production of methylamines, ethylamine, specialty chemical derivatives, and pharmaceutical excipients.
The company specializes in manufacturing distinctive chemicals like Ethylenediamine, Piperazine (Anhydrous), Diethylenetriamine, Amino Ethyl Ethanol Amines, and Amino Ethyl Piperazine, utilizing the Monoethanol Amine (“MEA”) process. These chemicals serve as alternatives to imports and find application across various industries including specialty chemicals, agrochemicals, and pharmaceuticals.
Situated in Solapur, Maharashtra, Balaji Speciality Chemicals operates a manufacturing facility spanning 41,920 square meters. As of March 31, 2022, this facility boasts an annual installed capacity of 30,000 MT.
During Fiscal 2022, the company successfully supplied its products to 182 clients, encompassing manufacturers of specialty chemicals, agrochemicals, pharmaceuticals, and distributors. Notable clients include Nanjing Union Chemical Company Limited, Korea India Limited, UPL Limited, Dr. Reddy’s Laboratories Limited, and Aarti Drugs Limited.
In terms of financial performance, the company achieved revenues of ₹538.81 million during Fiscal 2020, ₹1,744.01 million during Fiscal 2021, and ₹5,142.80 million during Fiscal 2022.
Balaji Speciality Chemicals Limited Company Product
- Ethylenediamine
- Piperazine
- Diethylenetriamine
- Amino Ethyl Ethanol Amines
- Amino Ethyl Piperazine
- Other
Balaji Speciality Chemicals Limited IPO Competitive Strength
- Sole manufacturer of niche chemicals in India, including Ethylenediamine, Piperazine (Anhydrous), Diethylenetriamine, Amino Ethyl Ethanol Amines and Amino Ethyl Piperazine, with significant export potential
- Well-positioned to capture industry tailwinds
- Rapidly developed a diversified global and Indian customer base
- Ability to leverage research and development capabilities and strategic guidance from Balaji Amines Limited
- Manufacturing facility with stringent quality norms and procedures
- Improving profitability and enhancement of market share
- Professional management team with extensive domain knowledge and supported by a committed employee base
Balaji Speciality Chemicals IPO Financials Performance ( Results )
Balaji Speciality Chemicals Limited Financial Information (Restated)
All Amount in ₹ Crores
| Period Ended | Total Assets | Total Revenue | PAT | EPS (₹) | Net Worth | NAV (₹) | Reserves | Borrowing |
| 31-Mar-20 | 304.24 | 54.12 | -15.87 | -0.79 | 68.13 | 28.13 | 203.55 | |
| 31-Mar-21 | 303.04 | 175.88 | 10.40 | 0.52 | 78.53 | 38.53 | 204.41 | |
| 31-Mar-22 | 401.61 | 516.04 | 108.95 | 5.45 | 187.48 | 9.37 | 147.48 | 166.64 |
| 31-Mar-23 | 480.98 | 798.74 | 178.14 | 8.91 | 365.55 | 325.55 |
Objective of IPO Issue
- Repayment/pre-payment, in full or in part, of certain outstanding borrowings availed by the company
- Funding working capital requirements and general corporate purposes.
Balaji Speciality Chemicals IPO Basic Details
| IPO Date | Aug 18, 2023 to Aug 22, 2023 |
| Listing Date | Tuesday, August 30, 2023 |
| Face Value | ₹2 per share |
| Price | ₹000 to ₹000 per share |
| Lot Size | 00 Shares |
| Issue Size | [.] shares of ₹10 (aggregating up to ₹000.00 Cr) |
| Fresh Issue | [.] shares of ₹10 (aggregating up to ₹250.00 Cr) |
| Offer for Sale | [.] shares of ₹10 (aggregating up to ₹000.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE, BSE |
| Share holding pre issue | 200,000,000 |
| Share holding post issue | |
| Company Promoters | Balaji Amines Limited, Ande Prathap Reddy, Ande Srinivas Reddy, Ram Reddy Dundurapu, Rajeshwar Reddy Nomula, and Gaddam Hemanth Reddy |
Balaji Speciality IPO Reservation
| QIB Shares Offered | 75% of the Net Issue |
| NII (HNI) Shares Offered | 15% of the Net Issue |
| Retail Shares Offered | 10% of the Net Issue |
Balaji Speciality IPO Timetable
Balaji Speciality IPO will open on August 18, 2023 and close on August 22, 2023. You can join Balaji Speciality IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | 18 August 2023 (Friday) |
| Closing Date | 22 August 2023 (Tuesday) |
| Basis of Allotment | 25 August 2023 (Friday) |
| Initiation of Refunds | 28 August 2023 (Monday) |
| Credit of Shares to Demat | 29 August 2023 (Tuesday) |
| Listing Date | 30 August 2023 (Wednesday) |
| Deadline for UPI mandate confirmation | 5 PM on 22 August 2023 |
Balaji Speciality Chemicals IPO Lot Size
For retail investors in Balaji Speciality Chemicals IPO, 0000 shares will come in 1 lot or the minimum investment will be ₹000,000. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹000,000.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | ||
| Retail (Max) | 13 | ||
| S-HNI (Min) | 14 | ||
| B-HNI (Min) | 68 |
Balaji Speciality Chemicals IPO Promoter Holding
The company’s promoters include Balaji Amines Limited, Ande Prathap Reddy, Ande Srinivas Reddy, Ram Reddy Dundurapu, Rajeshwar Reddy Nomula, and Gaddam Hemanth Reddy.
| Pre Issue Share Holding | 97.98% |
| Post Issue Share Holding | – |
Balaji Speciality Chemicals Ltd IPO Key Performance Indicator ( Valuation )
In the table given below, all the figures have been told according to the latest financial year.
| KPI | Values |
| Market Cap (₹ Cr.) | Coming Soon |
| Earning Per Share (EPS) | ₹00.00 per Equity Share |
| Net Asset Value (NAV) | ₹00.00 per Equity Share |
| P/E Ratio (P/E) (x) | Coming Soon |
| Return on Net Worth (RoNW) (%) | Coming Soon |
| Return on equity (ROE) (%) | Coming Soon |
| Return on Capital Employed (ROCE) (%) | Coming Soon |
| Debt/Equity Ratio | Coming Soon |
Balaji Speciality Chemicals Ltd Peer Comparison
| Company Name | Consolidated/ Standalone | Face Value | EPS (₹) | P/E Ratio | RoNW (%) | NAV (₹) |
| Balaji Speciality Chemicals Limited | Standalone | 2 | 5.45 | – | 81.91 | 9.37 |
| Peer Group | ||||||
| Clean Science and Technology Limited | Consolidated | 1 | 21.51 | 74.81 | 34.93 | 72.35 |
| Alkyl Amines Chemicals Limited | Standalone | 2 | 43.95 | 69.84 | 25.24 | 193.80 |
| Tatva Chintan Pharma Chem Limited | Consolidated | 10 | 44.59 | 52.61 | 30.01 | 213.44 |
| Neogen Chemicals Limited | Consolidated | 10 | 18.70 | 76.02 | 14.34 | 176.12 |
- With respect to our Company, the information above is based on the Restated Financial Information for the year ended March 31, 2022.
- P/E Ratio has been computed based on the closing market price of the equity shares (Source: NSE) on August 8, 2022, divided by the diluted EPS.
Balaji Speciality Chemicals IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| 16 August 2023 | ₹50 | – | – |
Balaji Speciality Chemicals IPO Detail Video:
link
Balaji Speciality Chemicals IPO Subscription Status (Bidding Detail)
The Balaji Speciality Chemicals IPO on August 18, 2023 at 10:00:00 AM was subscribed 00.00 times, with the retail category being subscribed 00.00 times, the NII (Non-Institutional Investor) category being subscribed 00.00 times, QIB (Qualified-Institutional Buyers) category being subscribed 00.00 times and the Employee category being subscribed 00.00 times..
| Category | Subscription |
| QIB | 0.00x |
| NII | 0.00x |
| Retail | 0.00x |
| Employee | 0.00x |
| Total | 0.00x |
Balaji Speciality Chemicals IPO Prospectus
| Balaji Speciality Chemicals IPO DRHP | Download |
| Balaji Speciality Chemicals IPO RHP | Download |
| Balaji Speciality Chemicals IPO Anchor Investors Details PDF | Download |
Balaji Speciality Chemicals IPO Rating
| Our Rating | 0.0/5.0 |
Balaji Speciality Chemicals Company Contact Information
Balaji Speciality Chemicals Limited
Corporate Identity Number: U24299PN2010PLC137162
Registered Office: 2nd Floor, Balaji Towers No 9/1A/1,
Hotgi Road, Aasara Chowk, Solapur413 224,
Maharashtra, India
Tel: +91 217 2606 006
Contact Person: Srinivas Bodige, Company Secretary and Compliance Officer
Tel: + 91 217 2451559
E-mail: investors@balajispecialitychemicals.com
Website: www.balajispecialitychemicals.com
Our Promoters: Balaji Amines Limited, Ande Prathap Reddy,
Ande Srinivas Reddy, Ram Reddy Dundurapu, Rajeshwar Reddy Nomula
And Gaddam Hemanth Reddy
Balaji Speciality Chemicals IPO Registrar
Link Intime India Private Limited
Address: C-101, 1st Floor, 247 Park L.B.S. Marg, Vikhroli West
Mumbai 400 083 Maharashtra, India
Tel: +91 22 4918 6200
E-mail: balajispeciality.ipo@linkintime.co.in
Website: www.linkintime.co.in
Investor grievance e-mail: balajispeciality.ipo@linkintime.co.in
Contact person: Shanti Gopalkrishnan
SEBI Registration No.: INR000004058
Balaji Speciality Chemicals IPO Lead Manager
HDFC Bank Limited
Address: Investment Banking Group Unit No. 401 & 402, 4th Floor,
Tower B, Peninsula Business Park, Lower Parel,
Mumbai 400 013, Maharashtra, India
Tel.: +91 22 3395 8233
E-mail: bsclipo@hdfcbank.com
Investor Grievance E-mail: investor.redressal@hdfcbank.com
Website: www.hdfcbank.com
Contact Person: Kunal Thakkar/ Dhruv Bhavsar
SEBI Registration No: INM000011252
JM Financial Limited
Address: 7th Floor, Cnergy Appasaheb Marathe Marg,
Prabhadevi, Mumbai – 400 025, Maharashtra, India
Tel.: +91 22 6630 3030
E-mail: bscl.ipo@jmfl.com
Investor Grievance E-mail: grievance.ibd@jmfl.com
Website: www.jmfl.com
Contact Person: Prachee Dhuri
SEBI Registration No: INM000010361
Balaji Speciality Chemicals IPO FAQs
What is the lot size of Balaji Speciality Chemicals IPO?
The total size of Balaji Speciality Chemicals IPO is ₹0000 crores out of which ₹250 crores is fresh issue and ₹000 crores is offer for sale (OFS).
When will Balaji Speciality Chemicals IPO start?
Balaji Speciality Chemicals IPO will open from 18 August 2023 and IPO will close on 22 August 2023.
What is the open date of Balaji Speciality Chemicals IPO?
Balaji Speciality Chemicals IPO will open date from 18 August 2023.
What is the last date ( close date ) of Balaji Speciality Chemicals IPO?
Balaji Speciality Chemicals IPO will close from 22 August 2023.
What is the price band of Balaji Speciality Chemicals IPO?
Balaji Speciality Chemicals IPO price band is ₹00 to ₹00. ( Upper Price Band: ₹00, Lower Price Band: ₹00 )
What is the minimum amount required to apply for Balaji Speciality Chemicals IPO?
The minimum investment for retailers to apply for Balaji Speciality Chemicals IPO is ₹00,000 and the maximum investment is ₹000,000.
What is going on gray market premium of Balaji Speciality Chemicals IPO?
View gray market premium of Balaji Speciality Chemicals IPO by Clicking Here
How much is the GMP of Balaji Speciality Chemicals IPO?
Watch Balaji Speciality Chemicals IPO GMP Today: Click Here
What is the allotment date of Balaji Speciality Chemicals IPO?
The allotment date of Balaji Speciality Chemicals IPO is 25 August 2023.
How to check allotment status in Balaji Speciality Chemicals IPO?
To check the allotment status of Balaji Speciality Chemicals IPO, first of all go to the registrar website by clicking here, select your bad Balaji Speciality Chemicals IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of Balaji Speciality Chemicals IPO?
The listing date of Balaji Speciality Chemicals IPO is 30 August 2023.
How much will be the listing gain in Balaji Speciality Chemicals IPO?
View listing gain of Balaji Speciality Chemicals IPO by Clicking Here
How much time Balaji Speciality Chemicals IPO is subscribed?
Total 00.00 times subscribed in Balaji Speciality Chemicals IPO out of which 00.00 times subscription was done in retail quota, 00.00 times subscription in NII quota and 00.00 times subscription in QIB quota.
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