Balaji Valve IPO: Shri Balaji Valve Components Limited IPO Details

Investing in Initial Public Offerings (IPOs) can be an exciting opportunity to become a shareholder in a growing company. One such IPO that has garnered attention is the Shri Balaji Valve Components IPO. In this blog, we will provide you with a detailed overview of this IPO, including its key details, financial information, and what you need to know before considering an investment.

Also Read: Balaji Valve IPO GMP

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Shri Balaji Valve Components IPO Details

Here are the essential details you need to know about the Shri Balaji Valve Components IPO:

  • IPO Name: Shri Balaji Valve Components Limited IPO
  • IPO Date: December 27, 2023, to December 29, 2023
  • Basis of Allotment: Monday, January 1, 2024
  • Listing Date: January 3, 2024
  • Face Value: ₹10 per share
  • Price Band: ₹95 to ₹100 per share
  • Lot Size: 1200 Shares
  • Total Issue Size: 2,160,000 shares (aggregating up to ₹21.60 Crores)
  • Issue Type: Book Built Issue IPO
  • Listing At: BSE SME
  • Shareholding Pre-Issue: 100%
  • Shareholding Post-Issue: 73.53%
  • Market Maker Portion: 114,000 shares

Also Read: IPO Subscription Status Live Today

Balaji Valve Components IPO Reservation

The IPO offers 2,160,000 shares, which are allocated as follows:

  • Anchor Investor Shares Offered: 613,200 (28.39%)
  • Market Maker Shares Offered: 114,000 (5.28%)
  • QIB Shares Offered: 409,200 (18.94%)
  • NII (HNI) Shares Offered: 307,200 (14.22%)
  • Retail Shares Offered: 716,400 (33.17%)
  • Total Shares Offered: 2,160,000 (100%)

Also Read: Announced IPOs: Upcoming Big IPOs in India 2024

Balaji Valve Components IPO Lot Size

Investors can bid for a minimum of 1200 shares and in multiples thereof. Here’s a breakdown of the minimum and maximum investment by retail investors and HNIs:

ApplicationLotsSharesAmount
Retail (Min)11200₹120,000
Retail (Max)11200₹120,000
HNI (Min)22,400₹240,000

Balaji Valve Components IPO Promoter Holding

The promoters of Shri Balaji Valve Components Limited are Laxmikant Sadashiv Kole, Madhuri Laxmikant Kole, and Shrinivas Laxmikant Kole. Their shareholding pre-issue is 100%, and post-issue, it will be reduced to 73.53%.

Also Read: Upcoming IPO in India

Balaji Valve Components IPO Objectives

The company intends to utilize the proceeds from the IPO for the following objectives:

  1. Funding Capital Expenditure towards the installation of additional plant and machinery.
  2. Meeting working capital requirements.
  3. General corporate purposes.

About Shri Balaji Valve Components Limited

Shri Balaji Valve Components Ltd. was founded in November 2011 and specializes in producing valve components for various types of valves, including ball valves, butterfly valves, and control valves. The company’s product range includes balls, spindles, valve bodies, ports, trunnions, flanges, and more, which are essential components in the valve manufacturing industry.

The company operates two manufacturing facilities in Pune, Maharashtra, equipped for forging, heating, and machining materials. These facilities allow them to serve a diverse customer base both in India and internationally. They have expanded their reach to countries like Dubai, Germany, Singapore, Taiwan, Italy, South Africa, the US, the UK, Qatar, and Pennsylvania.

As of June 30, 2023, the company has a workforce of 168 employees, and when additional support is needed, contract labor is hired.

Key Performance Indicators (KPIs)

Understanding the financial health of a company is crucial before investing. Here are some key performance indicators for Shri Balaji Valve Components Limited:

  • Market Cap: ₹81.6 Crores
  • P/E (Price to Earnings) Ratio: 9.33
  • Post P/E Ratio: 11.04
  • ROE (Return on Equity): 136.76%
  • ROCE (Return on Capital Employed): 26.47%
  • Debt/Equity Ratio: 3.63
  • EPS (Earnings per Share): ₹10.72
  • RoNW (Return on Net Worth): 81.50%

Balaji Valve Components IPO Registrar

For any IPO-related queries or concerns, you can contact the registrar:

Balaji Valve Components IPO Lead Manager(s)

Hem Securities Limited

Balaji Valve Components IPO Timeline

Make sure to mark these dates on your calendar if you are considering investing in the Balaji Valve Components IPO:

  • IPO Open Date: Wednesday, December 27, 2023
  • IPO Close Date: Friday, December 29, 2023
  • Basis of Allotment: Monday, January 1, 2024
  • Initiation of Refunds: Tuesday, January 2, 2024
  • Credit of Shares to Demat: Tuesday, January 2, 2024
  • Listing Date: Wednesday, January 3, 2024
  • Cut-off time for UPI mandate confirmation: 5 PM on December 29, 2023

Conclusion

The Shri Balaji Valve Components IPO presents an opportunity for investors to become part of a company with a strong presence in the valve component manufacturing industry. However, before making any investment decisions, it is crucial to conduct thorough research, analyze the company’s financials, and consider your own investment goals and risk tolerance. Always consult with financial experts or advisors if needed to make an informed decision.

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Disclaimer: The information provided on this website is for informational purposes only and should not be construed as financial or investment advice. Users are advised to do their own research and consult a qualified financial advisor before making any investment decisions.
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