Balaji Solutions IPO Details
- Open Date TBA
- Close Date TBA
- Lot Size -
- IPO Size -
- IPO Price Range -
- Min Investment -
- Listing Exchange -
- Basis of Allotment TBA
- Refunds TBA
- Credit to Demat Account TBA
- Listing Date TBA
Balaji Solutions IPO Synopsis
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.
About Balaji Solutions
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.
Balaji Solutions Financial Status
Balaji Solutions IPO Key Points
-
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.
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
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 -
Approve the mandate request on your UPI and funds
will be blocked
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Balaji Solutions IPO FAQs
When does the Balaji Solutions IPO opens and closes?
Yet to be announced.
What is the size of the Balaji Solutions IPO?
Yet to be announced.
How to apply for the Balaji Solutions IPO?
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.
What is the price band of Balaji Solutions IPO?
Yet to be announced.
What is the minimum lot size and investment required for the Balaji Solutions IPO?
Yet to be announced.
What is the allotment date of the Balaji Solutions IPO?
Yet to be announced.
What is the Balaji Solutions IPO listing date?
Yet to be announced.
Who are the book runners for the Balaji Solutions IPO?
IDBI Capital Markets & Securities Limited and Affinity Global Capital Market Private Limited are the book-running lead managers for this IPO.
What is the objective of Balaji Solutions IPO?
Balaji Solutions will use proceeds from the offer for:
• To fund working capital requirements
• For corporate general purposes.
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