Balaji Speciality IPO GMP, Price, Date, Allotment


Last updated on September 9, 2023

Balaji Speciality IPO GMP

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.

Balaji Speciality Chemicals

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Balaji Speciality IPO DatesIPO WITHDRAWN
Balaji Speciality IPO Price IPO WITHDRAWN
Fresh issueINR 250 crore
Offer For Sale2,60,00,000 share
Total IPO size
Minimum bid (lot size)
Face Value INR 2 per share
Retail Allocation10%
Listing OnNSE, BSE

Balaji Speciality Chemicals Financial Performance

 FY 2021FY 2022FY 2023
Net income10.40108.95178.07
Margin (%)5.9621.1822.51
Figures in INR crores unless specified otherwise

Balaji Speciality Chemicals Offer News

Balaji Speciality Chemicals Valuations & Margins

FY 2020FY 2021FY 2022
PE ratio
RONW (%)(20.86)14.1881.91
ROCE (%)(2.49)12.1045.94
EBITDA (%)0.8125.1435.12
As per Consolidated Financial Information

Balaji Speciality IPO GMP Today (Daily Trend)

DateDay-wise IPO GMPKostakSubject to Sauda
4 September 202350
1 September 202350
31 August 202350
29 August 202350
28 August 202350
24 August 202350
23 August 202350
19 August 202350
18 August 202350
14 August 202350
12 August 202345
11 August 202353
10 August 202350
9 August 202350

Balaji Speciality IPO Subscription – Live Updates

Coming soon

Balaji Speciality IPO Reviews – Subscribe or Avoid?

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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: +91 22 4918 6200 
Email: [email protected]

Balaji Speciality Chemicals Contact Details

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]

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 DateIPO WITHDRAWN
Balaji Speciality IPO Closing DateIPO WITHDRAWN
Finalisation of Basis of AllotmentIPO WITHDRAWN
Initiation of refundsIPO WITHDRAWN
Transfer of shares to demat accountsIPO WITHDRAWN
Balaji Speciality IPO Listing DateIPO 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.


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