Balaji Speciality Chemicals IPO: Mark your calendars for the upcoming Balaji Speciality Chemicals IPO, scheduled to make its market debut on [Date]. The IPO window will remain open until [Closing Date]. Investors and enthusiasts are eagerly anticipating this opportunity.
The Balaji Speciality Chemicals IPO aims to generate approximately ₹425 crores through a well-structured plan. This strategy involves a fresh issue of ₹250 crores, which will infuse new capital into the company, and an offer for sale of up to 2,60,00,000 equity shares, each valued at ₹2. The diverse investment options are designed to cater to different preferences.
For those inclined towards the retail segment, a 10% quota has been allocated, allowing retail investors to participate actively. Qualified Institutional Buyers (QIBs) are offered a substantial 75% portion, reflecting the confidence institutional investors have in the company’s potential. High Net Worth Individuals (HNIs) are also included, with a dedicated 15% share that acknowledges their significant role in the investment landscape.
All in all, the Balaji Speciality Chemicals IPO promises a unique chance to be part of the company’s growth journey. With various segments open for investment, both seasoned investors and newcomers have an opportunity to engage in this exciting venture. Remember to mark the IPO dates in your calendar and seize the chance to be part of this significant financial event.
What is Balaji Specialty Chemicals IPO?
Balaji Speciality Chemicals Limited stands as a prominent player in India’s chemical manufacturing landscape, specializing in the production of distinctive chemicals. Their product portfolio encompasses a range of niche chemicals, including Ethylenediamine, Piperazine (Anhydrous), Diethylenetriamine, Amino Ethyl Ethanol Amines, and Amino Ethyl Piperazine. These compounds are meticulously crafted using the Monoethanol Amine (“MEA”) process. Notably, the chemicals they formulate act as import alternatives, finding applications across diverse industries such as speciality chemicals, agrochemicals, and pharmaceuticals.
Rapidly gaining ground as one of India’s swiftest-expanding entities in the speciality chemicals domain, Balaji Speciality Chemicals carries the distinction of being a subsidiary of Balaji Amines Limited (“BAL”). BAL holds a preeminent position as a major manufacturer of aliphatic amines in India.
Balaji Speciality Chemicals hones its expertise in producing an array of substances, encompassing methylamines, ethylamines, specialized chemical derivatives, and pharma excipients. These products play integral roles in the pharmaceutical and agrochemical sectors, finding utility in a spectrum of applications ranging from corrosion management and photographic chemicals to solvents and corrosion inhibitors, among others.
The company boasts a diverse client base, having supplied its offerings to a total of 182 customers. This includes manufacturers operating within the speciality chemicals, agrochemicals, and pharmaceutical realms, as well as distributors responsible for further disseminating the products across these industries.
A constellation of noteworthy clients such as Nanjing Union Chemical Company Limited, Korea India Limited, UPL Limited, Dr. Reddy’s Laboratories Limited, and Aarti Dugs Limited underscores the brand’s significance.
For the manufacturing facet, Balaji Speciality Chemicals operates from a strategic location in Solapur, Maharashtra. This facility serves as the epicenter for the production of their entire product spectrum. Through their unwavering commitment to quality and innovation, the company sustains its pivotal role in India’s chemical landscape.
Objectives of the Balaji Speciality Chemicals IPO
- The repayment or prepayment, whether complete or partial, of specific existing borrowings obtained by our company.
- Addressing the needs of our company’s working capital.
- Serving the broader objectives of our company’s corporate endeavors.
Balaji Speciality Chemicals IPO Date & Price Band Details
| IPO Open: | 2023 |
| IPO Close: | 2023 |
| IPO Size: | Approx ₹[.] 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 |
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 2023 and the close date is 2023. The Balaji Speciality Chemicals IPO allotment will be finalized on 2023 and the IPO listing on 2023.
| Price Band Announcement: | 2023 |
| Anchor Investors Allotment: | 2023 |
| IPO Open Date: | 2023 |
| IPO Close Date: | 2023 |
| Basis of Allotment: | 2023 |
| Refunds: | 2023 |
| Credit to Demat Account: | 2023 |
| IPO Listing Date: | 2023 |
IPO Application Form for Balaji Speciality Chemicals
How to Participate in the Balaji Speciality Chemicals IPO Application Process:
There are two convenient methods to apply for the Balaji Speciality Chemicals IPO.
- ASBA Application: Apply for the Balaji Speciality Chemicals IPO through the ASBA (Application Supported by Blocked Amount) facility provided by your bank. Log in to your online banking account, navigate to the investment section, and select the Balaji Speciality Chemicals IPO for your application.
- Downloadable IPO Forms: Alternatively, you can opt to apply for the Balaji Speciality Chemicals IPO by downloading the IPO application forms from NSE (National Stock Exchange) and BSE (Bombay Stock Exchange). After downloading the forms, complete the necessary information, and then submit the filled forms to your bank or broker as per the instructions provided.
For easy access to the Balaji Speciality Chemicals IPO forms, simply visit the BSE Forms & NSE Forms sections. From there, you can download the blank IPO forms, fill them out accurately, and proceed to submit them to your bank or broker.
Both methods offer you the flexibility to participate in the Balaji Speciality Chemicals IPO based on your convenience and preference.
Balaji Speciality Chemicals Company Financials
| 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 |
If you look at the PAT the trend is not so good and consistent. For the year 2020, there was a loss. You can assume that the loss is due to Covid-19 effect. But still you need to be cautious.
Balaji Speciality Chemicals IPO Valuation for 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 |
Balaji Speciality Chemicals – Promotors of the Company
- BALAJI AMINES LIMITED
- ANDE PRATHAP REDDY
- ANDE SRINIVAS REDDY
- RAM REDDY DUNDURAPU
- RAJESHWAR REDDY NOMULA
- GADDAM HEMANTH REDDY
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: 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: balajispecialitychemicals.com
Balaji Speciality Chemicals IPO Current GMP
To check the current/latest GMP price of the IPO, please check this IPO GMP page.
Balaji Speciality Chemicals IPO FAQs
Balaji Speciality Chemicals IPO size is ₹425 crores.
Balaji Speciality Chemicals IPO Price Band is ₹[.] to ₹[.].
The Balaji Speciality Chemicals IPO aims to generate approximately ₹425 crores through a well-structured plan. This strategy involves a fresh issue of ₹250 crores, which will infuse new capital into the company, and an offer for sale of up to 2,60,00,000 equity shares, each valued at ₹2. The diverse investment options are designed to cater to different preferences.
The IPO is expected to be open in the month of September 2023. Mostly in the first or second week of the month.
Here is the investors portion for Balaji Specialiaty IPO.
Qualified Institutional Buyers (QIBs) are offered a substantial 75% portion
High Net Worth Individuals (HNIs) are also included, with a dedicated 15% portion
Retail Investors with 10% portion
To apply for the Balaji Speciality Chemicals IPO, follow these steps:
ASBA Application: Utilize the ASBA (Application Supported by Blocked Amount) facility available through your bank. Access your online banking account, navigate to the investment section, and choose the Balaji Speciality Chemicals IPO for your application.
Downloadable IPO Forms: Alternatively, you can download the IPO application forms directly from the NSE (National Stock Exchange) or BSE (Bombay Stock Exchange) websites. Once downloaded, complete the required details in the forms.
Form Submission: After filling out the IPO application forms, submit them to your bank or authorized broker as per the given instructions.
Payment: If using the ASBA method, the necessary funds will be blocked in your bank account as per your application. If using the downloadable forms, make the payment using a bank draft or check as specified in the instructions.
Confirmation: After successful submission and payment, you will receive an acknowledgment or confirmation indicating the number of shares applied for.
Participating in the Balaji Speciality Chemicals IPO is a straightforward process that allows you to be a part of this investment opportunity. Make sure to carefully follow the provided instructions to ensure a smooth application experience.
To apply for the Balaji Speciality Chemicals IPO using the Zerodha platform, follow these steps:
Log In: Log in to your Zerodha account using your credentials on the Zerodha website or mobile app.
Navigate to IPO Section: Once logged in, navigate to the IPO section. You can usually find this in the “Console” or “Portfolio” section of your Zerodha account.
Select Balaji Speciality Chemicals IPO: Look for the Balaji Speciality Chemicals IPO in the list of available IPOs. Click on it to access the details.
Place Your Bid: Enter the details of your bid, including the number of shares you want to apply for and the price at which you’re willing to bid. Make sure to review your bid carefully before proceeding.
Payment: If using the UPI payment method, select your bank and enter your UPI ID. Zerodha will send a payment request to your UPI app for approval. If you’re using the Netbanking ASBA method, select your bank and proceed with the payment as per the instructions.
Review and Confirm: Double-check all the entered information, including the bid details and payment method, to ensure accuracy.
Submit: Once you’re confident that all the details are correct, submit your IPO application.
Confirmation: After successful submission, you’ll receive a confirmation of your IPO application. This confirmation will include the number of shares applied for and other relevant details.
Please note that the steps might slightly vary based on any updates or changes made by Zerodha to their platform. It’s always a good idea to refer to Zerodha’s official resources or customer support for the most up-to-date instructions on applying for IPOs through their platform.
To apply for the Balaji Speciality Chemicals IPO using the Upstox platform, follow these steps:
Login to Your Upstox Account: Access your Upstox account by logging in using your credentials on the Upstox website or mobile app.
Go to IPO Section: Once logged in, locate and navigate to the IPO section. This section might be named “IPO,” “Products,” or something similar, depending on the layout of the platform.
Select Balaji Speciality Chemicals IPO: Within the IPO section, find and select the Balaji Speciality Chemicals IPO. Click on it to access the IPO details.
Place Your Bid: Enter the necessary details for your bid. This includes the number of shares you wish to apply for and the bid price. Carefully review your bid information before proceeding.
Choose Payment Method: Select your preferred payment method. Upstox typically offers options such as UPI, Net Banking ASBA, or other methods. Follow the on-screen instructions to complete the payment process.
Review and Confirm: Double-check all the entered details, including your bid quantity and payment information, to ensure accuracy.
Submit Your Application: Once you are satisfied with the information provided, submit your IPO application.
Confirmation: After successful submission, you will receive a confirmation of your IPO application. This confirmation will include essential details like the number of shares applied for.
Please keep in mind that the steps and layout might vary based on any updates or changes made by Upstox to their platform. For the most accurate and up-to-date instructions on applying for IPOs through Upstox, it’s advisable to refer to Upstox’s official resources or reach out to their customer support.
To apply for the Balaji Speciality Chemicals IPO using the Paytm Money platform, follow these steps:
Log In to Paytm Money: Access your Paytm Money account by logging in with your credentials on the Paytm Money website or mobile app.
Navigate to IPO Section: Once logged in, find and navigate to the IPO section. This could be labeled as “IPO,” “Invest,” or something similar, depending on the platform’s layout.
Select Balaji Speciality Chemicals IPO: Within the IPO section, search for the Balaji Speciality Chemicals IPO. Click on it to access the detailed IPO information.
Place Your Bid: Enter the necessary bid details, including the number of shares you want to apply for and the bid price. Review your bid information carefully before proceeding.
Choose Payment Method: Select your preferred payment method. Paytm Money typically offers options like UPI, Net Banking ASBA, or other methods. Follow the prompts to complete the payment process.
Review and Confirm: Double-check all the information you’ve entered, including your bid quantity and payment details, to ensure accuracy.
Submit Your Application: Once you’re confident with the provided information, submit your IPO application.
Confirmation: After successful submission, you’ll receive a confirmation of your IPO application. This confirmation will include crucial details such as the number of shares applied for.
Please note that the steps and layout might vary depending on any updates or changes made by Paytm Money to their platform. For the most accurate and current instructions on applying for IPOs through Paytm Money, refer to Paytm Money’s official resources or reach out to their customer support.