Balaji Speciality Chemicals IPO Date, Price, Lot Size & More: Upcoming IPO

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The IPO opening date for the Balaji Speciality Chemicals IPO has not been announced yet. Still, the company has already filed its DRHP with SEBI/Exchange on [.], and SEBI approval was received on [.]. It is a bookbuilding IPO of  ₹425 crore shares. Balaji Speciality Chemicals IPO is one of the topmost upcoming IPO that will be listed on NSE and BSE, and the tentative date is yet to be announced.

Balaji Speciality Chemicals IPO Details

The Balaji Speciality Chemicals IPO date is not fixed yet. The face value of Balaji Speciality Chemicals shares stands at ₹2 per share, and the IPO price band is fixed at [.] to [.] per share.

MUFG Intime India Private Limited is the registrar of the Balaji Speciality Chemicals IPO and is responsible for managing the allotment process and initiating refunds. Check out the latest IPO details in the table below.

Balaji Speciality Chemicals IPO Details 

Balaji Speciality Chemicals IPO GMP 

Note: Balaji Speciality Chemicals is yet to open. We will update the Balaji Speciality Chemicals GMP data after an official announcement.

Balaji Speciality Chemicals IPO DRHP Status

Balaji Speciality Chemicals IPO Review

Check out the detailed Balaji Speciality Chemicals IPO review for a thorough understanding of its potential to report listing gains. The Balaji Speciality Chemicals IPO review will help you invest effectively to avoid significant losses. Explore more to make an informed Investment decision on this IPO.

Financial Health

Assess a company’s financial performance to know about its ability to sustain a competitive edge. Therefore, it is crucial to comprehend the business’s financial growth margins and declines before applying for the Balaji Speciality Chemicals IPO.

Balaji Speciality Chemicals Limited’s revenue increased by 193.40% from ₹516.40 crores in March 2022 to ₹175.88 crores in March 2021. Moreover, the company’s PAT increased by 947.59% from ₹108.95 crores to ₹10.40 crores. Investors can analyse other relevant factors and make a decision accordingly.

Balaji Speciality Chemicals Limited has shown consistent revenue growth, indicating that the company is financially stable. Moreover, brokers, investors, and RAs have a positive outlook for Milky Mist Dairy Foods’ IPO, particularly for its tentative listing day.

Technical Analysis

Some technical indicators are available to assess a company’s potential to deliver returns. Use the parameters mentioned below to analyse the technical aspects of the Balaji Speciality Chemicals IPO

The PE ratio of Balaji Speciality Chemicals Limited’s share is [.], and its Earnings Per Share (EPS) stands at 5.45. Thus, the IPO of Balaji Speciality Chemicals Limited can deliver gains on its tentative listing day.

Note: The data, as mentioned above, is taken from authentic sources and highlights pre-issue information. The PE ratio and EPS of Balaji Speciality Chemicals Limited are subject to change after the IPO. Refer to the table below for post-issue updates on these two metrics. 

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About the Balaji Speciality Chemicals Limited Company Overview

Balaji Speciality Chemicals Limited is a manufacturer in India of niche chemicals, including Ethylenediamine, Piperazine (Anhydrous), Diethylenetriamine, Aminoethyl Ethanol Amines, and Aminoethyl Piperazine, utilising the Monoethanol Amine (“MEA”) process. The chemicals they manufacture are import substitutes and are used in various end-use industries, including speciality chemicals, agrochemicals, and pharmaceuticals. Balaji Speciality Chemicals is one of the fastest-growing speciality chemicals companies in India. They are a subsidiary of Balaji Amines Limited (“BAL”), one of India’s leading manufacturers of aliphatic amines. They specialise in the manufacturing of methylamines, ethylamines, derivatives of speciality chemicals, and pharma excipients. Their products are used in the pharmaceutical and agrochemical industries for various end-use applications, including corrosion control, photographic chemicals, solvents, and corrosion inhibitors, among others.

Balaji Speciality Chemicals Limited Financials

The company’s financial analysis is essential before applying for the IPO of Balaji Speciality Chemicals Limited. Look at the table to learn about Balaji Speciality Chemicals Limited’s financials. 

Explanation

Balaji Speciality Chemicals Limited’s revenue increased by 193.40% from ₹516.40 crores in March 2022 to ₹175.88 crores in March 2021. Moreover, the company’s PAT increased by 947.59% from ₹108.95 crores to ₹10.40 crores. Investors can analyse other relevant factors and make a decision accordingly.

Balaji Speciality Chemicals IPO Promoter Holdings

Have a look at the table below to check the holdings of Balaji Speciality Chemicals Limited’s promoters: 

Note: The value will be calculated using Equity Dilution = Share Holding Pre-Issue –  Share Holding Post-Issue.

Balaji Speciality Chemicals IPO Objectives

The primary aim of Balaji SpeciaChemicals’ IPO is to raise ₹425 crore. On the other hand, Balaji Speciality Chemicals has decided to utilise these funds in different ways.

1. To Repayment/pre-payment, in whole or in part, of certain outstanding borrowings availed by our Company.
2. To find the working capital requirements of our Company.
3. For general corporate purposes.

Should I Invest in the Balaji Speciality Chemicals IPO?

Explore the pros and cons of the Balaji Speciality Chemicals IPO to know whether you should apply or avoid the issue. These pros and cons may help you understand the IPO’s potential to deliver profits in the coming decades.

Pros of Balaji Speciality Chemicals IPO

• The company is well-positioned to capture industry tailwinds
• The company has rapidly developed a diversified global and indian customer base
• The company has improved its profitability and market share

Cons of Balaji Speciality Chemicals IPO

• Balaji Speciality Chemicals has a limited operating history, and its have incurred losses in the past. 
• The company has imported raw materials, which has increased shipment costs.
• The company is dependent on the sale of a few kinds of speciality chemicals, and in particular on the sale of Ethylenediamine.

How to Invest in the Balaji Speciality Chemicals IPO?

Balaji Speciality Chemicals has not opened yet. And most investors are still waiting for it. Here is how you will invest in Ayethe  Finance IPO after its opening. 

• Open a demat account or use your existing demat account to make a bid. 
• Navigate to the Balaji Speciality Chemicals section to make an application.
• Select the number of lots you want to apply for and proceed with your application further. 
• Once you have applied for the Balaji Speciality Chemicals  IPO, you will receive a mandate request on the selected mode of transaction.
• Approve the mandate request and get your application number instantly. 

How to Check Balaji Speciality Chemicals IPO Allotment Status?

You can check for the Balaji Speciality Chemicals IPO allotment in different ways. These include NSE and the registrar portal. Look at the steps mentioned below to check your allotment status online.

Check On NSE

• Visit the NSE Official Website.
• Navigate to the IPO Allotment Section. 
• Select Equity as the issue type. 
• Choose the Balaji Speciality Chemicals IPO.  
• Choose whether to proceed with the PAN number or the application number.
• Submit your details to get the allotment status online. 

Check On the Registrar Portal

• Visit the registrar portal. 
• Click on the allotment option.
• Fill in the required details.
• Click on the submit button to know your Balaji Speciality Chemicals allotment status.

Let’s Wrap

Balaji Speciality Chemicals is once again gathering investors’ attention with a positive announcement to be made officially on [.]. Kfin Technologies Limited has recently filed for Balaji Speciality Chemicals worth ₹425 crores with SEBI via a confidential route. The issue is subject to the approval of SEBI. Investors are cautious about Balaji Speciality Chemicals IPO details, such as issue date, price band, lot size, subscription, and other key information.

Stay informed with Univest to get regular updates on the Balaji Speciality Chemicals  IPO, GMP, subscription, and more!

FAQs on Balaji Speciality Chemicals IPO

When did Balaji Speciality Chemicals file IPO draft papers?

Ans. Balaji Speciality Chemicals filed its updated draft papers with SEBI for an IPO of up to ₹425 crore shares on [.].

What are the uses of IPO proceeds?

Ans. Balaji Speciality Chemicals has raised funds through its IPO to expand its business operations. 

Is Balaji Speciality Chemicals a publicly listed company?

Ans. Balaji Speciality Chemicals is listed on stock exchanges, so it is a publicly listed company. Balaji Speciality Chemicals had gone public through an IPO filing of ₹425 crore shares.

What is the issue size for Mist Dairy Foods?

Ans. It is a bookbuilding IPO comprising a fresh issue and offer for sale to raise approximately ₹425 crore shares. 

Is Balaji Speciality Chemicals good?

Ans:  Balaji Speciality Chemicals Limited’s revenue increased by 193.40% from ₹516.40 crores in March 2022 to ₹175.88 crores in March 2021. Moreover, the company’s PAT increased by 947.59% from ₹108.95 crores to ₹10.40 crores. Investors can analyse other relevant factors and make a decision accordingly.

Who will be the registrar of the Balaji Speciality Chemicals IPO?

Ans. As per the recent updates, MUFG Intime India Private Limited will be the registrar responsible for managing allotment and refund procedures. For any queries regarding Balaji Speciality Chemicals’ GMP, allotment, and refund, you can contact MUFG Intime India Private Limited at balajispeciality.ipo@linkintime.co.in or +91 22 4918 6200. 

Disclaimer: The above information is compiled from authentic sources and is just for informational purposes. To obtain detailed information about the Balaji Speciality Chemicals IPO, please wait for the RHP and DRHP to be released by Milky Mist Dairy Foods. Conduct thorough research before investing in IPOs to minimise the risk of significant losses. You can also consult your financial advisor.

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