Daily BriefsIndia

Daily Brief India: Balaji Speciality Chemicals and more

In today’s briefing:

  • Balaji Speciality Chemicals Pre-IPO – Stupendous Growth but Likely to Normalize

Balaji Speciality Chemicals Pre-IPO – Stupendous Growth but Likely to Normalize

By Ethan Aw

  • Balaji Speciality Chemicals (1742663D IN) is looking to raise about US$126m in its upcoming India IPO. 
  • Balaji Speciality Chemicals (BSC) is the sole manufacturer in India of niche chemicals such as Ethylenediamine, Piperazine (Anhydrous), Diethylenetriamine, Amino Ethyl Ethanol Amines and Amino Ethyl Piperazine, according to CRISIL.
  • BSC’s profitability growth has been stupendous, given its quick production ramp up. However, its growth is very likely to normalize. 

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