Balaji Speciality Chemicals IPO: Know Before You Invest

The leading Indian speciality chemicals company, Balaji Speciality Chemicals, has announced its initial public offering (IPO). The company plans to raise Rs 425 Crores through the IPO. Out of the total amount, the company will issue fresh shares worth Rs 250 Crores and offer for sale 26,000,000 shares.

Balaji Speciality Chemicals Company Profile 

Balaji Speciality Chemicals, founded in 2010, is a subsidiary of Balaji Amines Limited (BAL), which manufactures methylamines, ethylamine, derivatives of speciality chemicals, and pharma excipients. It is one of the leading manufacturers of aliphatic amines in India. The company is the only manufacturer in India of niche chemicals such as Ethylenediamine, Piperazine (Anhydrous), Diethylenetriamine, Amino Ethyl Ethanol Amines and Amino Ethyl Piperazine, using the MonoethanolAmine (“MEA”) process.

The company has a manufacturing unit in Kolhapur. The manufacturing unit spreads over 41,920 square meters and has a capacity of 30,000 MT per annum. The company manufactures import substitutes for applications in various end-use industries like specialty chemicals, agrochemicals, and pharmaceuticals.

Financials of Balaji Speciality Chemicals (In Rs Crore)

Important Dates for Balaji Speciality Chemicals IPO

Objects of the Balaji Speciality Chemicals

The company intend to utilise the net proceeds from the issue for the following purposes:

• Repayment/pre-payment, in whole or in part, of certain outstanding borrowings availed by the company.
• Funding the working capital requirements of the company.
• Meeting general corporate purposes.

Promoters of Bajali Speciality Chemicals IPO

The company’s promoters are Ande Srinivas Reddy, Ram Reddy Dundurapu, Rajeshwar Reddy Nomula, Gaddam Hemanth Reddy, Achanta Annapurna, Dundurapu Vandana Reddy.

Lead Managers of The Balaji Speciality Chemicals IPO

The lead managers of the Balaji Speciality Chemicals IPO are Hdfc Bank Limited and Jm Financial Limited.

How to Apply for Balaji Speciality Chemicals IPO?

Wait for the public issue to open for subscription, then click on this link to apply for the Balaji Speciality Chemicals IPO with Bigul https://ipo.bonanzaonline.com/.

How to Check the Allotment Status of Balaji Speciality Chemicals IPO?

The registrar for Balaji Speciality Chemicals IPO is Link Intime India Private Ltd. To check your allotment status, please click on this link https://linkintime.co.in/

FAQs

1. What is the IPO date for Balaji Speciality Chemicals?

The IPO date for Balaji Speciality Chemicals is scheduled from Aug 18, 2023, to Aug 22, 2023.

2. What is the total amount Balaji Speciality Chemicals plans to raise through the IPO?

The company plans to raise Rs 425 Crores through the IPO. Out of this, Rs 250 Crores will be raised through fresh shares issuance, and the remaining will be offered for sale of 26,000,000 shares.

3. What is the face value of each share in the IPO?

The face value of each share in the Balaji Speciality Chemicals IPO is Rs 2.

4. How can I apply for the Balaji Speciality Chemicals IPO?

To apply for the IPO, you can wait for the public issue to open for subscription and then apply through Bigul.

5. Who are the promoters of Balaji Speciality Chemicals?

The promoters of Balaji Speciality Chemicals are Ande Srinivas Reddy, Ram Reddy Dundurapu, Rajeshwar Reddy Nomula, Gaddam Hemanth Reddy, Achanta Annapurna, and Dundurapu Vandana Reddy.

6. Who are the lead managers for Balaji Speciality Chemicals IPO?

The lead managers for the IPO are Hdfc Bank Limited and Jm Financial Limited.