The Balaji Speciality Chemicals IPO started on August 18, 2023, and ended on August 22, 2023. Shares were allocated on August 25, 2023, and refund processes began on August 28, 2023. On August 29, 2023, the shares were credited to investors demat accounts. Balaji Speciality Chemicals was officially listed on the stock exchange on August 30, 2023.
During the IPO, Balaji Speciality Chemicals offered shares at a price range of ₹00 per share, and the lot size was 00 shares. The total issue size was ₹000 crores, with ₹250 crores from new shares and ₹000 crores from shares for sale. The IPO was listed on both the NSE and BSE.
Regarding share reservations, 75% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 10% were set aside for retail investors.
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Balaji Speciality Chemicals IPO Subscription Status
The Balaji Speciality Chemicals IPO on August 18, 2023 was subscribed 00.00 times, with the retail category being subscribed 00.00 times, the NII (Non-Institutional Investor) category being subscribed 00.00 times, the QIB (Qualified-Institutional Buyers) category being subscribed 00.00 times and the Employee category being subscribed 00.00 times.
| Category | Subscription |
| QIB | 0.00x |
| NII | 0.00x |
| Retail | 0.00x |
| Employee | 0.00x |
| Total | 0.00x |
Balaji Speciality Chemicals IPO Basic Details
| Company Name | Balaji Speciality Chemicals Limited |
| Domain of Company | Specialty Chemicals, Agrochemicals, and Pharmaceuticals |
| IPO Open Date | August 18, 2023 |
| IPO Close Date | August 22, 2023 |
| IPO Allotment Date | August 25, 2023 |
| IPO Listing Date | August 30, 2023 |
| Face Value | ₹2 per share |
| Price | ₹000 to ₹000 per share |
| Lot Size | 00 Shares |
| Issue Size | [.] shares of ₹10 (aggregating up to ₹000.00 Cr) |
| Fresh Issue | [.] shares of ₹10 (aggregating up to ₹250.00 Cr) |
| Offer for Sale | [.] shares of ₹10 (aggregating up to ₹000.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE, BSE |
| Company Promoters | Balaji Amines Limited, Ande Prathap Reddy, Ande Srinivas Reddy, Ram Reddy Dundurapu, Rajeshwar Reddy Nomula, and Gaddam Hemanth Reddy |
About Balaji Speciality Chemicals Limited
Established in 2010, Balaji Speciality Chemicals Limited operates as a subsidiary of Balaji Amines Limited (BAL). The company’s main focus lies in the production of methylamines, ethylamine, specialized chemical derivatives, and pharmaceutical excipients.
The company specializes in the manufacturing of unique chemicals such as 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 sectors including specialty chemicals, agrochemicals, and pharmaceuticals.
Situated in Solapur, Maharashtra, Balaji Speciality Chemicals’ manufacturing facility covers an expansive area of 41,920 square meters. As of March 31, 2022, the facility boasts a combined annual installed capacity of 30,000 MT.
During Fiscal 2022, the company catered to the needs of 182 clients, comprising manufacturers of specialty chemicals, agrochemicals, pharmaceuticals, and distributors. Among its notable clients are Nanjing Union Chemical Company Limited, Korea India Limited, UPL Limited, Dr. Reddy’s Laboratories Limited, and Aarti Drugs Limited.
The company’s revenue trajectory showcases its growth: ₹538.81 million in Fiscal 2020, ₹1,744.01 million in Fiscal 2021, and a substantial leap to ₹5,142.80 million in Fiscal 2022.
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Balaji Speciality Chemicals IPO FAQs
What is the start and end date of Balaji Speciality Chemicals IPO Subscription?
The Balaji Speciality Chemicals IPO started on August 18, 2023, and ended on August 22, 2023.
When does Balaji Speciality Chemicals IPO Subscription open?
The Balaji Speciality Chemicals IPO open on August 18, 2023.
When does Balaji Speciality Chemicals IPO Subscription close?
The Balaji Speciality Chemicals IPO Close on August 22, 2023.
What is the allotment date of Balaji Speciality Chemicals IPO?
The allotment date for Balaji Speciality Chemicals IPO is August 25, 2023.
When is the initial refund date of Balaji Speciality Chemicals IPO?
The initial Refund date for Balaji Speciality Chemicals IPO is August 28, 2023.
When were the shares credited to investors demat accounts for the Balaji Speciality Chemicals IPO?
The shares for the Balaji Speciality Chemicals IPO were credited to investors demat accounts on August 29, 2023.
When will Balaji Speciality Chemicals IPO be listed on the stock market?
Balaji Speciality Chemicals IPO stock market will be listed on August 30, 2023 at 10 am.
What was the price range of the Balaji Speciality Chemicals IPO shares?
The Balaji Speciality Chemicals IPO shares were offered at a price range of ₹00 per share.
What was the lot size for the Balaji Speciality Chemicals IPO shares?
The lot size for the Balaji Speciality Chemicals IPO shares was 00 shares.
What was the total issue size of the Balaji Speciality Chemicals IPO?
The total issue size of the Balaji Speciality Chemicals IPO was ₹000 crores.
How were the shares allocated among different types of investors for the Balaji Speciality Chemicals IPO?
75% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 10% were set aside for retail investors.
On which stock exchanges was the Balaji Speciality Chemicals IPO listed?
The Balaji Speciality Chemicals IPO was listed on both the NSE and BSE.
What is the Balaji Speciality Chemicals IPO Subscription Status?
Balaji Speciality Chemicals IPO is subscribed 00 Times.
