Shri Balaji Valve Components is scheduled to hit the market on December 27, 2023 and close on December 29, 2023. Shri Balaji Valve Components plans to raise around ₹21.60 Cr through an IPO with a sale of up to 2,160,000 equity shares of ₹10 each. The Retail offered 35%, QIB Shares Offered 50%, HNI Shares Offered 15%.
Established in November 2011, Shri Balaji Valve Components Ltd. specializes in crafting valve components tailored for ball valves, butterfly valves, and an array of other valve types, emphasizing their expertise in producing forged products. Their product range encompasses a variety of essential valve components, including balls, spindles, valve bodies, ports, trunnions, flanges, and more. These components find application in a diverse range of valves, including ball, butterfly, control, gate, and check valves.
Situated in Pune, Maharashtra, Shri Balaji Valve Components Ltd. operates two dedicated manufacturing units. The Bhosari facility focuses on forging and heat treatment processes, while the Chakan MIDC, Bhamboli plant specializes in machining, ensuring comprehensive production capabilities across their operations.
Shri Balaji Valve Components IPO Details
Shri Balaji Valve Components opens on Dec 27 , 2023, and closes on Dec 29 , 2023. The Listing date for Shri Balaji Valve Components IPO is on Jan 03, 2024. The price band for IPO is ₹95 to ₹100 per share and lot size of 1200 Shares.
| IPO Date | Dec 27 , 2023 to Dec 29, 2023 |
| Listing Date | Jan 03, 2024 |
| Price | ₹95 to ₹100 per share |
| Lot Size | 1200 Shares |
| Issue Size | ₹21.60 Cr |
| Face Value | ₹10 per share |
Shri Balaji Valve Components IPO Tentative Timetable
Shri Balaji Valve Components opening date is December 27, 2023 and close date is December 29, 2023. The IPO allotment date is January 1, 2024. The refund initiation of IPO is on January 2, 2024. The credit of shares in demat account is on January 2, 2024. The listing date is on January 3, 2024.
| Event | Date |
|---|---|
| IPO Opening | Dec 27, 2023 |
| IPO Closing | Dec 29, 2023 |
| IPO Allotment Date | Jan 01, 2023 |
| Refund Initiation | Jan 02, 2024 |
| Shares Credit to Demat | Jan 02, 2024 |
| Lisiting Date | Jan 03, 2024 |
Shri Balaji Valve Components IPO Lot Size
Lot Size of this IPO is 1200 shares. A retail-individual investor can apply for up to 1 lots (1200 shares or ₹120,000).
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail(Minimum) | 1 | 1200 | ₹120,000 |
| Retail(Maximum) | 1 | 1200 | ₹120,000 |
| HNI (Minimum) | 2 | 2400 | ₹240,000 |
Shri Balaji Valve Components IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 73.53% |
Shri Balaji Valve Components IPO Review
As of June 30, 2023, Shri Balaji Valve Component Limited has built a team of 168 dedicated employees. Recognizing the need for flexibility and scalability, especially in manufacturing, the company effectively leverages contract labor when required, ensuring optimized operational efficiency. The financial metrics of Shri Balaji Valve Component Limited depict a compelling growth story. Notably, the company experienced a remarkable 61.14% surge in revenue and an astounding 319.07% rise in profit after tax between FY 2022 and FY 2023. This growth trajectory is further solidified by a current market capitalization of Rs 81.6 Cr and a relatively conservative P/E ratio of 9.33.
The company's decision to go public is a testament to its growth aspirations and strategic vision. The IPO proceeds are earmarked for pivotal objectives, including capital expenditure for enhanced infrastructure, catering to working capital needs, and general corporate purposes. This indicates the company's proactive approach to fortify its operational capabilities, expand its market footprint, and drive sustainable growth.
Potential investors evaluating Shri Balaji Valve Component Limited's IPO should focus on its product portfolio, international expansion strategy, financial health, and utilization plan for IPO proceeds. A thorough examination of the IPO prospectus, market dynamics, competitive landscape, and industry trends will empower investors to make well-informed decisions aligned with their investment objectives.
Shri Balaji Valve Components IPO Subscription Status (Bidding Details)
Table not foundShri Balaji Valve Components IPO Broker Recommendations
- Capital Market: To be updated soon
- Anand Rathi: To be updated soon
- SMC Global: To be updated soon
- Arihant Capital: To be updated soon
Shri Balaji Valve Components IPO FAQs
What is Shri Balaji Valve Components IPO?
Shri Balaji Valve Components is issuing 2,160,000 equity shares with a face value of ₹10 each, totaling up to ₹21.60 Cr. The shares are being offered at a price of ₹95 to ₹100 each, with a minimum order quantity of 1200shares.
Bigshare Services Pvt Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.
When Shri Balaji Valve Components IPO will open?
Shri Balaji Valve Components will open on December 27 , 2023 for QIB, NII, and Retail Investors.
When Shri Balaji Valve Components IPO will end?
Shri Balaji Valve Components will end on December 29, 2023.
What is Shri Balaji Valve Components IPO Size?
Shri Balaji Valve Components IPO size is ₹21.60 Cr.
What is Shri Balaji Valve Components IPO Price Band?
Shri Balaji Valve Components price band is ₹95 to ₹100 per share.
What is the Shri Balaji Valve Components IPO Allotment Date?
Shri Balaji Valve Components allotment date is January 1, 2024.
What is the Shri Balaji Valve Components IPO Listing Date?
Shri Balaji Valve Components listing date is January 03, 2024. The IPO is to be listed on BSE and NSE.
How to Apply Shri Balaji Valve Components IPO through Zerodha?
To apply for the IPO “Shri Balaji Valve Components” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.
How to Apply Shri Balaji Valve Components IPO through Upstox?
To apply for the IPO “Shri Balaji Valve Components” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.
How to check Shri Balaji Valve Components IPO Allotment Status?
For Shri Balaji Valve Components IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.
What is Shri Balaji Valve Components IPO GMP?
You can check out here: Shri Balaji Valve Components IPO GMP