Balaji Speciality Chemicals (MAINBOARD)
Aug 18, 2022 - Aug 22, 2022
| Price | ₹0 - ₹0 |
| Premium | ₹40 |
|---|---|
| Lot size | 0 |
| Allotment | Aug 25, 2023 |
| Listing | Aug 30, 2023 |
Incorporated in 2010, Balaji Speciality Chemicals Limited, a subsidiary of Balaji Amines Limited (BAL), manufactures methylamines, ethylamine, derivatives of specialty chemicals, and pharma excipients.
The company manufactures niche chemicals such as Ethylenediamine, Piperazine (Anhydrous), Diethylenetriamine, Amino Ethyl Ethanol Amines, and Amino Ethyl Piperazine, using the Monoethanol Amine ("MEA") process. These chemicals are import substitutes and are used in various end-use industries such as specialty chemicals, agrochemicals, and pharmaceuticals.
Balaji Speciality Chemicals' manufacturing unit is located in Solapur, Maharashtra. The manufacturing facility is spread across 41,920 square meters and had an aggregate annual installed capacity of 30,000 MT per annum as of March 31, 2022.
In Fiscal 2022, the company sold its products to 182 customers which include manufacturers of specialty chemicals, agrochemicals, and pharmaceuticals as well as distributors. The company's client list includes Nanjing Union Chemical Company Limited, Korea India Limited, UPL Limited, Dr. Reddy's Laboratories Limited, and Aarti Drugs Limited.
The company generated ₹538.81 million of revenue from operations in Fiscal 2020, ₹1,744.01 million in Fiscal 2021, and ₹5,142.80 million in Fiscal 2022.
Balaji Speciality Chemicals IPO Details
Balaji Speciality Chemicals IPO is a Book Built Issue. The IPO total issue size is Rs [.]. The Balaji Speciality Chemicals IPO price is [.] to [.] per share. The IPO will list on BSE, NSE.
| Issue Size | |
| Fresh Issue | [.] shares (aggregating up to ₹250.00 Cr) |
| Offer for Sale | 26,000,000 shares of ₹2 (aggregating up to ₹[.] Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 200,000,000 |
Balaji Speciality Chemicals IPO Reservation
| QIB Shares Offered | Not less than 75.00% of the Net offer |
| NII (HNI) Shares Offered | Not more than 15.00% of the Offer |
| Retail Shares Offered | Not more than 10.00% of the Offer |
Balaji Speciality Chemicals IPO Lead Manager(s)
Hdfc Bank Limited
Jm Financial Limited
Company Financials
| Period | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
| Assets | 304.24 | 303.04 | 401.61 | 480.98 |
| Revenue | 54.12 | 175.88 | 516.04 | 798.74 |
| Profit | -15.87 | 10.40 | 108.95 | 178.14 |
| Net Worth | 68.13 | 78.53 | 187.48 | 365.55 |
| Reserves | 28.13 | 38.53 | 147.48 | 325.55 |
| Borrowing | 203.55 | 204.41 | 166.64 |
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: balajispeciality.ipo@linkintime.co.in
Website: https://linkintime.co.in/mipo/ipoallotment.html