Balaji Speciality Chemicals IPO Date, Price, Review
Balaji Speciality Chemicals IPO: Know everything about Balaji Speciality Chemicals IPO. Balaji Speciality Chemicals Limited IPO Date, Balaji Speciality Chemicals IPO Review and analysis. We will discus about Balaji Speciality Chemicals IPO Benefits & Risks. Also, all information related to Balaji Speciality Chemicals IPO like price band, all important dates, issue size, Brockrage Review, and retail quota etc.
Balaji Speciality Chemicals IPO
Balaji Speciality Chemicals Limited is an Indian company engaged in the manufacturing and distribution of specialty chemicals and chemical intermediates. Balaji Speciality Chemicals Ltd Has filed its DRHP (Draft Red Herring Prospectus) with market regulator SEBI (Securities and Exchange Board of India) to raise around Rs 425 crore through IPO (Initial public offering).
Balaji Speciality Chemicals IPO will open on August 2023 and close on August 2023. The price band of the Balaji Speciality Chemicals IPO is ₹- to ₹-. Balaji Speciality Chemicals IPO size is 425 Crores. The offer includes 250 Crores under fresh issue and 175 Crores under offer for sale. Balaji Speciality Chemicals IPO QIB quota is 50%, NII quota is 15% and RII quota is 35%. Balaji Speciality Chemicals IPO listing date is August 2023. You can know about Balaji Speciality Chemicals IPO GMP (Grey Market Premium) below.
Balaji Speciality Chemicals has given good financial performance. The company made a profit of ₹178.14 crores in the financial year 2023 (March 2023). The IPO of Balaji Speciality Chemicals will be listed on NSE and BSE. Balaji Speciality Chemicals IPO face value is ₹2 per equity share.
We will talk about Balaji Speciality Chemicals' financials, benefits, and risks of investing in the company.
About Balaji Speciality Chemicals Limited
The company is based in Maharashtra, India, and operates in various industries, including pharmaceuticals, agrochemicals, dyes, and pigments. Balaji Speciality Chemicals Limited manufactures a wide range of specialty chemicals and chemical intermediates used as raw materials in various industries. These chemicals serve as essential components in the production of pharmaceuticals, agrochemicals, and other industrial products.
The company emphasizes research and development (R&D) to continuously improve its existing product portfolio and develop new chemical formulations. Investing in R&D can lead to innovative products and provide a competitive edge in the market.
Balaji Speciality Chemicals Limited adheres to stringent quality standards in its manufacturing processes. This commitment to quality ensures that its products meet the required specifications and comply with regulatory requirements.
The company serves a diverse customer base in India and exports its products to international markets. A broad customer base can help in stabilizing revenue and reducing dependency on specific markets.
Balaji Speciality Chemicals Limited operates in industries with steady demand for specialty chemicals. Pharmaceuticals, agrochemicals, and other related sectors often show resilience in the face of economic fluctuations.
The company may have sustainability initiatives in place, such as eco-friendly manufacturing practices and waste management, to reduce its environmental impact.
Purpose of the offer
- To prepay/repay all or a part of the dues raised by the company.
- To finance capital expenditure requirements.
- To meet general corporate objectives.
Balaji Speciality Chemicals IPO Date and Price Band Details
| IPO Open: | August 2023 |
| IPO Close: | August 2023 |
| Listing Date: | August 2023 |
| Listing On: | NSE & BSE |
| IPO Size: | Approx ₹425 crores |
| Fresh Issue: | Approx ₹250 crores |
| Offer For Sale: | Approx ₹175 crores |
| Price Band: | ₹- to ₹- per share |
| Face Value: | ₹2 per Equity share |
| QIB Portion: | 50% |
| Retail Portion: | 35% |
| NII Portion: | 15% |
| Employee Res: | Not Disclosed |
Balaji Speciality Chemicals IPO Lot Size Details
| Minimum Lot: | 01 |
| Minimum Lot Size: | [.] Shares |
| Minimum Amount: | ₹- |
| Maximum Lot: | 13 |
| Maximum Lot Size: | [.] Shares |
| Maximum Amount: | ₹- |
Balaji Speciality Chemicals IPO Open, Close, Allotment, and Listing Date
| Ipo Opening Date: | August 2023 |
| IPO Closing Date: | August 2023 |
| Basis of Allotment: | August 2023 |
| Refund Date: | August 2023 |
| Credit to Demat Account: | August 2023 |
| Listing Date: | August 2023 |
Balaji Speciality Chemicals IPO Review
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You can also check the latest IPO subscription status and IPO allotment status of Balaji Speciality Chemicals IPO on our website.
Balaji Speciality Chemicals Ipo Rating
Review For Listing Gain
Review For Short term
Review For Long term
Strength
- Specialty chemicals play a crucial role in various industries, including pharmaceuticals, agrochemicals, and dyes. Balaji Speciality Chemicals Limited's products may be in demand due to their essential role as raw materials for manufacturing processes.
- A diverse range of specialty chemicals can provide a company with multiple revenue streams and reduce its dependence on a single product or market segment.
- Companies that emphasize research and innovation may develop new and advanced chemical formulations, giving them a competitive edge in the market.
- Operating in industries with steady demand for specialty chemicals can provide stability and resilience to the company's revenue, especially during economic fluctuations.
- Exporting products to international markets can open up growth opportunities for the company and potentially lead to increased revenue.
Risks
- Specialty chemicals are subject to various regulatory requirements and standards. Failure to comply with these regulations can result in financial penalties or restrictions on the company's operations.
- The specialty chemical industry can be highly competitive, with various players vying for market share. Balaji Speciality Chemicals Limited may face competition from both domestic and international companies.
- Economic conditions, both in India and globally, can influence the demand for specialty chemicals. Economic downturns or disruptions can impact the company's financial performance.
- Rapid advancements in technology may lead to the development of new chemical processes and formulations, potentially rendering some of the company's products obsolete or less competitive.
Balaji Speciality Chemicals Ltd Financials
Balaji Speciality Chemicals Financials(in Crores)
| Year | Total Assets | Revenue | Profit |
|---|---|---|---|
| 2020 | ₹304.24 | ₹54.12 | ₹(15.87) |
| 2021 | ₹303.04 | ₹175.88 | ₹10.40 |
| 2022 | ₹401.61 | ₹516.04 | ₹108.95 |
| 2023 | ₹480.98 | ₹798.74 | ₹178.14 |
Promoters
- Ande Prathap Reddy
- Rajeshwar Reddy Nomula
- Ram Reddy Dundurapu
- Gaddam Hemanth Reddy
- Ande Srinivas Reddy
- Balaji Amines Limited
Contact Details of Balaji Speciality Chemicals
2nd Floor, Balaji Towers No. 9/1A/1, Hotgi Road,
Aasara Chowk, Solapur 413 224,
Maharashtra, India
Telephone: +91 217 2606 006
E-mail: investors@balajispecialitychemicals.com
Website:www.balajispecialitychemicals.com
Balaji Speciality Chemicals Lead Managers
- HDFC BANK LIMITED
- JM FINANCIAL LIMITED
Balaji Speciality Chemicals IPO Registrars
C-101, 1st Floor, 247 Park
L.B.S. Marg, Vikhroli (West)
Mumbai 400 083, Maharashtra
Telephone: +91 22 4918 6200
Email: balajispeciality.ipo@linkintime.co.in
Website:www.linkintime.co.in
Conclusion
Balaji Speciality Chemicals Limited's revenue and profit growing YOY. And the company's debt is decreasing YOY. Looking at the financial position of the company, the track record has been great. In the financial year 2022, the company had a profit of Rs 178.14 crore. Our suggestion will be updated when the Balaji Speciality Chemicals Limited IPO starts. Balaji Speciality Chemicals Limited IPO financial details and other information are given above.
Balaji Speciality Chemicals IPO FAQs
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