Balaji Valve IPO GMP: Balaji Valve Component SME IPO GMP Price Today

Shri Balaji Valve Components Limited is set to make its mark in the Indian stock market with its upcoming SME IPO. With a total issue size of Rs 21.60 Crores, this IPO is creating quite a buzz among investors. In this blog post, we will delve into the details of Shri Balaji Valve IPO, including the Grey Market Premium (GMP), company background, strengths, objectives, and important dates.

Also See: All IPO GMP Price Today

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Shri Balaji Valve IPO GMP

As of January 03, 2024, the Shri Balaji Valve IPO GMP is ₹51, indicating no change. However, it’s important to note that GMP can be highly volatile, and investment decisions should not be based solely on this metric. Investors must carefully consider all factors before deciding whether to invest in the Shri Balaji Valve Component SME IPO.

Here’s an overview of the Shri Balaji Valve IPO GMP: [ Last Updated: 03 Jan, 2024; 09:05]

GMP DateIPO PriceGMPSub2 Sauda RateEstimated Listing Price
03-01-2024₹100.00₹51₹151 (51%)
02-01-2024₹100.00₹51₹151 (51%)
01-01-2024₹100.00₹45₹145 (45.00%)
31-12-2023₹100.00₹45₹145 (45.00%)
30-12-2023₹100.00₹45₹145 (45.00%)
29-12-2023₹100.00₹36₹136 (36.00%)
28-12-2023₹100.00₹30₹130 (30%)
27-12-2023₹100.00₹0 ₹ (0%)
26-12-2023₹100.00₹0 ₹ (0%)
25-12-2023₹100.00₹0 ₹ (0%)
24-12-2023₹100.00₹0 ₹ (0%)
23-12-2023₹100.00₹0 ₹ (0%)
22-12-2023₹100.00₹0 ₹ (0%)
21-12-2023₹100.00₹0 ₹ (0%)
20-12-2023₹100.00₹0 ₹ (0%)

Please note that the GMP can fluctuate, and it’s essential for investors to stay updated on the latest GMP figures to make informed investment decisions.

Also See: Upcoming IPO in India

Understanding IPO Grey Market Premium (GMP)

The Grey Market Premium (GMP) represents the price at which an IPO is traded unofficially in a non-regulated grey market before its official listing on the stock exchange. It offers insights into how the IPO may perform on the day of listing. A positive GMP suggests potential listing gains, while a negative GMP indicates the possibility of the IPO listing at a discount.

However, it’s crucial to exercise caution when considering GMP as the sole basis for investment decisions. The grey market is speculative and unregulated, making it subject to extreme volatility. It’s essential to assess other factors and conduct thorough research before deciding whether to invest in the Shri Balaji Valve Components SME IPO.

Also Read: Benefits and Risks of Investing in IPO

About Shri Balaji Valve Components

Shri Balaji Valve Components Limited was originally incorporated in November 2011. The company specializes in manufacturing ready-to-assemble valve components used across various industries and customized to meet customer specifications. Their product range includes components for ball valves, butterfly valves, and other types of valves, including forged products. These components play a vital role in the manufacturing of valves used in diverse industrial applications.

The company’s manufacturing facility, located in Bhosari, Pune, is equipped with advanced machinery, including a forging plant with a 1.5-tonne hammer, oil-fired furnace, trimming press, and heat treatment furnace. These facilities enable various functions such as annealing, hardening, tempering, and normalizing in addition to forging operations. Quality control is a top priority, and the company conducts rigorous checks at every stage of production to meet customer quality standards.

Also Read: When Can a Company Go for IPO in India

Balaji Valve Component SME IPO Strengths

  1. Integrated Production Capacities: The company’s vertically integrated production capabilities contribute to cost efficiency and quality control.
  2. Experienced Management Team: An experienced management team with industry knowledge ensures efficient operations and strategic decision-making.
  3. Diverse Product Range: Offering a wide range of valve components allows the company to serve various industries and customer needs.
  4. Long-Standing Relationships: Strong relationships with key customers and suppliers enhance stability and growth prospects.
  5. Quality Assurance: The company’s commitment to quality ensures that its products meet rigorous industry standards.

Also Read: Stallion India Fluorochemicals Files IPO Papers with SEBI to Raise Funds for Expansion

Balaji Valve Component SME IPO Objectives

The funds raised through the IPO will be allocated for the following objectives:

  1. Funding Capital Expenditure: The company plans to invest in additional plant and machinery to support its growth.
  2. Working Capital Requirements: The IPO proceeds will be utilized to meet working capital needs, ensuring smooth operations.
  3. General Corporate Purpose: Some portion of the funds will be used for general corporate purposes, providing flexibility in managing the business.

Balaji Valve Component SME IPO Important Dates

Stay updated with the key dates related to the Shri Balaji Valve Components SME IPO:

  • SME IPO Open Date: December 27, 2023
  • SME IPO Close Date: December 29, 2023
  • Basis of Allotment Finalization Date: January 01, 2024
  • Refunds Initiation: January 02, 2024
  • Credit of Shares to Demat Account: January 02, 2024
  • SME IPO Listing Date: January 03, 2024

Conclusion

The Shri Balaji Valve Components SME IPO presents an opportunity for investors to participate in the growth story of a company that specializes in manufacturing valve components for various industries. While the Grey Market Premium (GMP) can provide some insight into market sentiment, it’s essential to consider other factors and conduct thorough research before making an investment decision. Keep an eye on the latest GMP updates and IPO developments as the IPO date approaches to make informed choices in the dynamic world of stock market investments.

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