Balaji Solutions IPO
- Status: Upcoming
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IPO Details
- Open Date
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- IPO
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- Listing Exchange
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- Listing Date
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IPO Timeline
Last Updated: 10 April 2024 12:10 PM by 5Paisa
Balaji Solutions IPO is likely to open in 2024. Balaji Solutions operates as an IT hardware & peripherals and mobile accessories company. The IPO includes a fresh issue of ₹120 cr. and an Offer-for-Sale (OFS) of 75,00,000 Equity Shares. The share allotment date and listing date are yet to be announced. The price band and the lot size are yet to be declared.
IDBI Capital Markets & Securities Limited and Affinity Global Capital Market Private Limited are the book-running lead managers for this IPO, while KFin Technologies Limited is the registrar.
Objectives of Balaji Solutions IPO:
• To fund working capital requirements
• For corporate general purposes.
Balaji Solutions operates as an IT hardware & peripherals and mobile accessories company. Its main services are:
• Manufacturing and branding of products under the flagship brand name Foxin
• Original equipment manufacturers (OEMs) ranging from sourcing of components, designing, manufacturing, and quality testing as per the specifications provided by certain brand owners
• Distribution of various IT hardware & peripherals, mobile accessories, consumables and surveillance products.
Peer Comparison
• No listed peers.
Strengths
1. The company has an established presence in the electronic industry.
2. It has a diversified business vertical with a wide range of product portfolios.
3. The company has established a distribution network and long-term relationships.
4. Experienced Promoters and Senior Management.
Risks
1. The company is dependent on imports for the supply of Foxin Products.
2. It operates in an industry with several competitors.
3. It has higher working capital requirements.
4. The company is dependent on third-party transportation and logistics providers.
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To apply for Balaji Solutions IPO, follow the steps given below
• Login to your 5paisa account and select the issue in the current IPO section
• Enter the number of lots and the price at which you wish to apply for the Balaji Solutions Limited IPO.
• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
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IDBI Capital Markets & Securities Limited and Affinity Global Capital Market Private Limited are the book-running lead managers for this IPO.
Balaji Solutions will use proceeds from the offer for:
• To fund working capital requirements
• For corporate general purposes.