February 7, 2023
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Balaji Solutions IPO Analysis @ Chanakyanipothi.com,
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Balaji Solutions IPO Promoters
RAJENDRA SEKSARIA
Elaborate Company details of Balaji Solutions
Balaji Solutions is an IT hardware & peripherals and mobile accessories company engaged in the business of manufacturing and branding of products under its flagship brand i.e. “Foxin” (“Foxin Products”); (ii) original equipment manufacturers (“OEMs”) ranging from sourcing of components, designing, manufacturing, quality testing as per the specifications provided by certain brand owners; and (iii) distribution of various IT hardware & peripherals, mobile accessories, consumables and surveillance products of certain brand owners. Over the years it has been able to build its presence in India through a wide range of quality consumer products at an affordable prices and through its dealer channels in the electronic industry.
The company currently classifies its business under the following 3 (three) verticals: Manufacturing: It carries out the business of manufacturing of products under its flagship brand “Foxin. Branding: It carries out the business of marketing and selling of its products which are manufactured and sourced from third parties across India under its flagship brand “Foxin”. Distribution: It carries out the business of distribution of IT hardware & peripherals, mobile accessories, consumables, surveillance products etc., for certain brand owners
Qualitative factors are:
* Established presence with over two decades of operations in the electronic industry
* Diversified business vertical with wide range of product portfolio and consistent focus on quality
* Established distribution network and stable relationship with our customers
* Integrated Manufacturing Facility to deliver quality products and
* Experience promoter and strong senior management team extensive knowledge of the sector.
For more information, click www.balajisolutions.in
Objects of the IPO
The Company proposes to utilise the proceeds from the Offer for funding incremental working capital requirements of the Company.
| Balaji Solutions IPO Details | |
| IPO opens on | ? ,2023 |
| IPO closes on | ? ,2023 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Sh /Rs ? Cr |
| * Fresh Issue | ? Sh /Rs 120 Cr |
| * Offer for Sale | 15,00,000 Shares /Rs ? Cr |
| Face Value per share: | Rs. 10 |
| Price Band | Rs. ? |
| Retail Discount | Rs 0 per share |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | ? Shares |
| Listing will at | BSE, NSE |
| Shares offered to | Shares | Rs. in Cr |
| QIB (50 %) | ? | ? |
| NII (15 %) | ? | ? |
| RII (35 %) | ? | ? |
| Employees | ? | ? |
| Total Shares | X | ? |
| Retail portion will be oversubscribed by | ? Forms. | |
| How much Shares to Apply? | Net of RII discount | |
| Min Retail Application | ? Sh | Rs. ? |
| Max Retail Application | ? Sh | Rs. ? |
| Small HNI (Min) application | ? Sh | Rs. ? |
| Small HNI (Max) application | ? Sh | Rs. ? |
| Big HNI Application | ? Sh | Rs. ? |
| Balaji Solutions IPO Tentative timetable | |
| IPO opens on | ? 2023 |
| IPO Closes on | ? 2023 |
| IPO Allotment on | ? 2023 |
| Unblocking of ASBA | ? 2023 |
| Credit of Shares | ? 2023 |
| Listing on | ? 2023 |
| Registered Office of Balaji Solutions | |
| Anmol South City Infra Park, Plot No. B4 and B5, Mouza Jagdishpur, JL No. 2, Dist. P.S. Liluah, Howrah, West Bengal – 711 115, India | |
| Lead Managers IDBI Capital Markets & Securities, Affinity Global Capital Market |
|
| Registrar to IPO | |
| KFin Technologies Limited |
| Balaji Solutions IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoE |
| as per DRHP | Rs. in Cr | Rs.in Cr | Rs. | % |
| 2019-20 | 453.63 | 3.33 | 2.11 | 6.99 |
| 2020-21 | 488.24 | 16.25 | 10.29 | 25.45 |
| 2021-22 | 485.57 | 15.39 | 2.59 | 20.27 |
| Book Value of the Share on | 31.03.2022 | Rs.12.47 | ||
| Book Value of the Share | after the FPO | Rs.? | ||
| Offer Price at Cap | Rs.? | |||
| Ratio Analysis | |
| Upper Price /last EPS | ? |
| Upper Price/Book Value Ratio | ? |
| Upper Price/BV after IPO | ? |
Balaji Solutions IPO Peer Comparison
There is no listed company in India that engage in a business similar to that of this Company. Accordingly, it is not possible to provide an industry comparison in relation to this Company.
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