Balaji Speciality Chemicals Limited, Established in 2010, a subsidiary of Balaji Amines Limited (BAL), specializes in the production of methylamines, ethylamine, specialty chemical derivatives, and pharmaceutical excipients.
The company is engaged in the manufacturing of unique chemicals like Ethylenediamine, Piperazine (Anhydrous), Diethylenetriamine, Amino Ethyl Ethanol Amines, and Amino Ethyl Piperazine, utilizing the Monoethanol Amine (“MEA”) process. These chemicals serve as domestic alternatives and find applications in various industries, including specialty chemicals, agrochemicals, and pharmaceuticals.
Balaji Speciality Chemicals operates its manufacturing facility in Solapur, Maharashtra, covering an expansive area of 41,920 square meters. As of March 31, 2022, the facility boasts an annual installed capacity of 30,000 MT.
During Fiscal 2022, the company successfully served 182 customers, including specialty chemical manufacturers, agrochemical producers, pharmaceutical companies, and distributors. Notable clients encompass Nanjing Union Chemical Company Limited, Korea India Limited, UPL Limited, Dr. Reddy’s Laboratories Limited, and Aarti Drugs Limited.
In terms of financial performance, the company achieved revenue figures of ₹538.81 million in Fiscal 2020, ₹1,744.01 million in Fiscal 2021, and ₹5,142.80 million in Fiscal 2022, reflecting its consistent growth trajectory.
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.
| IPO Date | to |
| Listing Date | [.] |
| Face Value | ₹2 per share |
| Price | [.] to [.] per share |
| Lot Size | |
| Total 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 more than 50% of the Net Offer |
| NII (HNI) Shares Offered | Not less than 15% of the Net Offer |
| Retail Shares Offered | Not less than 35% of the Net Offer |
Balaji Speciality Chemicals IPO Promoter Holding #
Balaji Amines Limited, Ande Prathap Reddy, Ande Srinivas Reddy, Ram Reddy Dundurapu, Rajeshwar Reddy Nomula, and Gaddam Hemanth Reddy are the company’s promoters.
| Pre Issue Share Holding | 97.98% |
| Post Issue Share Holding |
Company Financials #
| Period Ended | 31 Mar 2020 | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 304.24 | 303.04 | 401.61 | 480.98 |
| Revenue | 54.12 | 175.88 | 516.04 | 798.74 |
| Profit After Tax | -15.87 | 10.40 | 108.95 | 178.14 |
| Net Worth | 68.13 | 78.53 | 187.48 | 365.55 |
| Reserves and Surplus | 28.13 | 38.53 | 147.48 | 325.55 |
| Total Borrowing | 203.55 | 204.41 | 166.64 |
Objects of the Issue #
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
- Repayment/pre-payment, in full or in part, of certain outstanding borrowings availed by the company,
- Funding working capital requirements and general corporate purposes.
Balaji Speciality Chemicals IPO Prospectus #
Company Contact Information #
2 nd Floor, Balaji Towers No. 9/1A/1,
Hotgi Road, Aasara Chowk,
Solapur – 413224
Phone: +91 217 2606 006
Email: investors@balajispeciali
Website: http://www.balajispecialitychemicals.com/
Balaji Speciality Chemicals IPO Registrar #
Phone: +91-22-4918 6270
Email: balajispeciality.ipo@linkintime.co.in
Website: https://linkintime.co.in/mipo/ipoallotment.html
