Yatra, Protean eGov, Balaji Speciality Chemicals Get SEBI Nod For IPOs


Protean eGov Technologies, formerly known as NSDL e-Governance Infrastructure, is an IT-enabled services provider that collaborates with the government in creating digital public infrastructure and developing innovative citizen-centric e-governance solutions.

Originally setup as a depository in 1995, the company created infrastructure for the capital market development in India.

Balaji Speciality Chemicals is the only manufacturer in India of niche chemicals such as ethylenediamine, piperazine (anhydrous), diethylenetriamine, amino ethyl ethanol amines and amino ethyl piperazine using the monoethanol amine process. These chemicals are used in various end-use industries such as speciality chemicals, agrochemicals, and pharmaceuticals.

A subsidiary of Balaji Amines Ltd., the company first commenced operations in June 2019 at a manufacturing facility in Solapur. It has since scaled operations to become one of the fastest growing specialty chemicals companies in India, Balaji said in its DRHP citing a Crisil report.

The IPO will include a fresh issuance of shares worth Rs 250 crore and offer for sale involving 2.6 crore shares. Promoters Ande Prathap Reddy, Ande Srinivas Reddy, Ram Reddy Dundurapu, Rajeshwar Reddy Nomula, Gaddam Hemanth Reddy, Achanta Annapurna and Dundurapu Vandana Reddy will offload shares in the issue.


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