Last updated on September 9, 2023
Balaji Speciality IPO Description – Incorporated in 2010, Balaji Speciality Chemicals is the sole manufacturer in India of niche chemicals such as Ethylenediamine, Piperazine (Anhydrous), Diethylenetriamine, Amino Ethyl Ethanol Amines, and Amino Ethyl Piperazine, using the Monoethanol Amine (MEA) process. The company is a subsidiary of Balaji Amines Limited (BAL), one of the leading manufacturers of aliphatic amines in India.
As of 31 March 2022, Balaji Speciality Chemicals’ product portfolio comprised 5 niche chemicals catering to a diverse range of end-user industries, including speciality chemicals, agrochemicals, and pharmaceuticals across multiple applications. It has focused on products based on certain criteria:
- Manufactured for the first time in India
- Import Substitutes
- Continuous Process Technology
- High Export Potential
- Multiple High Growth Application Areas such as Speciality Chemicals, Pharma, and Agrochemicals
- Commodity Raw Materials
These products were imported from international markets including Japan, China, Belgium, Sweden, and Saudi Arabia, and catered to a significant portion of the total demand for these products. The company has consistently increased its production volume, from 4,428.39 Metric Tons in FY 2020 to 16,851.72 Metric Tons in FY 2022, enabling it to cater to the growing market opportunity.
The company has established strong relationships with a range of customers, and its customer base has grown from 45 customers in FY 2020 to 182 customers in FY 2022. Balaji Speciality’s key customers include Nanjing Union Chemical Company Limited, Korea India Limited, UPL Limited, Dr Reddy’s Laboratories Limited, and Aarti Drugs Limited.
Balaji Speciality Chemicals operates a single manufacturing facility located at Solapur, Maharashtra with aggregate annual installed capacity of 30,000 Metric Tons per annum as of 31 March 2022.
Promoters of Balaji Speciality Chemicals – Balaji Amines Limited, Ande Prathap Reddy, Ande Srinivas Reddy, Ram Reddy Dundurapu, Rajeshwar Reddy Nomula, and Gaddam Hemanth Reddy
Balaji Speciality IPO Details
| Balaji Speciality IPO Dates | IPO WITHDRAWN |
| Balaji Speciality IPO Price | IPO WITHDRAWN |
| Fresh issue | INR 250 crore |
| Offer For Sale | 2,60,00,000 share |
| Total IPO size | – |
| Minimum bid (lot size) | – |
| Face Value | INR 2 per share |
| Retail Allocation | 10% |
| Listing On | NSE, BSE |
Balaji Speciality Chemicals Financial Performance
| Â | FY 2021 | FY 2022 | FY 2023 |
| Revenue | 174.40 | 514.28 | 791.23 |
| Expenses | 160.63 | 361.99 | 537.30 |
| Net income | 10.40 | 108.95 | 178.07 |
| Margin (%) | 5.96 | 21.18 | 22.51 |
Balaji Speciality Chemicals Offer News
- Balaji Speciality Chemicals RHP
- Balaji Speciality Chemicals DRHP
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
Balaji Speciality Chemicals Valuations & Margins
| FY 2020 | FY 2021 | FY 2022 | |
| EPS | (0.79) | 0.52 | 5.45 |
| PE ratio | – | – | – |
| RONW (%) | (20.86) | 14.18 | 81.91 |
| NAV | – | – | 9.37 |
| ROCE (%) | (2.49) | 12.10 | 45.94 |
| EBITDA (%) | 0.81 | 25.14 | 35.12 |
| Debt/Equity | 2.99 | 2.60 | 0.89 |
Balaji Speciality IPO GMP Today (Daily Trend)
| Date | Day-wise IPO GMP | Kostak | Subject to Sauda |
| 4 September 2023 | 50 | – | – |
| 1 September 2023 | 50 | – | – |
| 31 August 2023 | 50 | – | – |
| 29 August 2023 | 50 | – | – |
| 28 August 2023 | 50 | – | – |
| 24 August 2023 | 50 | – | – |
| 23 August 2023 | 50 | – | – |
| 19 August 2023 | 50 | – | – |
| 18 August 2023 | 50 | – | – |
| 14 August 2023 | 50 | – | – |
| 12 August 2023 | 45 | – | – |
| 11 August 2023 | 53 | – | – |
| 10 August 2023 | 50 | – | – |
| 9 August 2023 | 50 | – | – |
Balaji Speciality IPO Subscription – Live Updates
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Balaji Speciality Chemicals Offer Registrar
Link Intime India Private Limited
C-101, 1st Floor, 247 Park
L.B.S. Marg, Vikhroli West
Mumbai – 400 083, Maharashtra
Phone:Â +91 22 4918 6200Â
Email: [email protected]
Website:Â www.linkintime.co.in
Balaji Speciality Chemicals Contact Details
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: [email protected]
Website: balajispecialitychemicals.com
Balaji Speciality IPO Allotment Status
Balaji Speciality IPO allotment will be available on Link Intime’s website. Click on this link to get allotment status.
Balaji Speciality IPO Dates & Listing Performance
| Balaji Speciality IPO Opening Date | IPO WITHDRAWN |
| Balaji Speciality IPO Closing Date | IPO WITHDRAWN |
| Finalisation of Basis of Allotment | IPO WITHDRAWN |
| Initiation of refunds | IPO WITHDRAWN |
| Transfer of shares to demat accounts | IPO WITHDRAWN |
| Balaji Speciality IPO Listing Date | IPO WITHDRAWN |
| Opening Price on NSE | IPO WITHDRAWN |
| Closing Price on NSE | IPO WITHDRAWN |
Balaji Speciality IPO FAQs
How many shares in Balaji Speciality IPO are reserved for HNIs and retail investors?
The investors’ portion for QIB – 75%, NII – 15%, and Retail – 10%.
How to apply in Balaji Speciality Chemicals Public Offer?
The best way to apply in Balaji Speciality public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.
What is Balaji Speciality IPO GMP today?
Balaji Speciality IPO GMP today is INR 50 per share.
What is Balaji Speciality kostak rate today?
Balaji Speciality kostak rate today is INR NA per application.
What is Balaji Speciality Chemicals Subject to Sauda rate today?
Balaji Speciality Subject to Sauda rate today is INR NA per application.
