Balaji Speciality Chemicals Limited IPO - Complete Overview

Balaji Speciality Chemicals IPO: All you need to know

Balaji Speciality Chemicals Limited (BSCL) is a manufacturer of niche chemicals in India. The company's products are used in a variety of industries, including speciality chemicals, agrochemicals, and pharmaceuticals. BSCL is looking to raise ₹425 crores through its IPO.

The IPO will consist of a fresh issue of ₹250 crores and an offer for sale of up to 2,60,00,000 equity shares. The retail investors will be allocated 10% of the shares, while the qualified institutional buyers (QIBs) will be allocated 75% of the shares. The remaining 15% of the shares will be allocated to non-institutional investors (NIIs).

The IPO is expected to open for subscription on August 18, 2023, and close on August 22, 2023. The company's shares are expected to list on the BSE and NSE on August 30, 2023.

More detail about Balaji Speciality Chemicals Limited IPO.

Here are some key things to know about BSCL's IPO:

• The company has a strong track record of financial performance. BSCL's revenue has grown at a CAGR of 23% in the last five years.

• The company has a wide moat in its niche products. BSCL is the only manufacturer of some of its products in India.

• The company is well-positioned to benefit from the growth of the speciality chemicals market. The global speciality chemicals market is expected to grow at a CAGR of 6.9% in the next five years.

• The company has a strong management team with a proven track record. The company's promoters have over 30 years of experience in the speciality chemicals industry.

Overall, BSCL's IPO looks attractive to investors. The company has a strong track record of financial performance, a wide moat in its niche products, and is well-positioned to benefit from the growth of the speciality chemicals market. Investors who are looking for exposure to the speciality chemicals sector can consider subscribing to BSCL's IPO.

Here are some key risks to consider before investing in BSCL's IPO:

• The company is a relatively small player in the speciality chemicals market. BSCL's market share is less than 1% of the global market.

• The company is facing increasing competition from global players. Some of the global players in the specialty chemicals market have a much larger scale of operations than BSCL.

• The company is exposed to the risk of fluctuations in raw material prices. BSCL's raw material costs account for a significant portion of its total costs.

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