Shri Balaji Valve Components Limited IPO Detail
Founded in November 2011, Shri Balaji Valve Components Ltd. produces valve components for ball valves, butterfly valves and other valves, including forged products.
The company produces various valve components such as balls, spindles, valve bodies, ports, trunnions, flanges, housings, rings, shafts, hoods, discs and sleeves. These components are used in various types of valves such as ball valves, butterfly valves, control valves, gate valves and check valves.
The company has two manufacturing facilities in Pune, Maharashtra. These plants have machinery and facilities for forging, heating and machining materials. One plant in Bhosari, Pune, is equipped for forging and heat treatment. The other plant in Chakan MIDC, Bhamboli, Pune, is responsible for machining.
The company offers a wide range of products, enabling it to serve a large customer base across India. In addition, the company has expanded its reach to international locations such as Dubai, Germany, Singapore, Taiwan, Italy, South Africa, the US, the UK, Qatar and Pennsylvania.
As of June 30, 2023, the company has 168 employees. When additional help is needed for the factories, the company hires contract labour.
Company Promoters
The Promoters of the company are Laxmikant Sadashiv Kole, Madhuri Laxmikant Kole and Shrinivas Laxmikant Kole.IPO Details
| IPO Opening Date | Dec 27, 2023 |
| IPO Closing Date | Dec 29, 2023 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹95 - 100 per equity share |
| Market Lot | 1200 Shares |
| Min Order Quantity | 1200 Shares |
| Listing At | BSE SME |
| Issue Size | ₹21.60 Cr |
| Fresh Issue | 2,160,000 shares (aggregating up to ₹21.60 Cr) |
| Offer for Sale | - |
| Retail Portion | 35% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 4.96x | - | - | 0.89x | 2.02x | 2.62x |
| Day 2 | 6.20x | - | - | 18.29x | 16.15x | 13.77x |
| Day 3 | 70.04x | - | - | 799.70x | 169.93x | 276.43x |
IPO Tentative Timetable
The Shri Balaji Valve Components Limited IPO open date is Dec 27, 2023, and the close date is Dec 29, 2023. The issue may list on Jan 03, 2024.
| IPO Open Date | Dec 27, 2023 |
| IPO Close Date | Dec 29, 2023 |
| Basis of Allotment Date | Jan 01, 2024 |
| Initiation of Refunds | Jan 02, 2024 |
| Credit of Shares to Demat Account | Jan 02, 2024 |
| IPO Listing Date | Jan 03, 2024 |
IPO Lot Size
The Shri Balaji Valve Components Limited IPO market lot size is 1200 shares. A retail-individual investor can apply for up to 1 lots (1200 shares or ₹120000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1200 | ₹120000 |
| Maximum | 1 | 1200 | ₹120000 |
IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 73.53% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 30-Jun-23 | 5132.00 | 1654.64 | 184.84 |
| 31-Mar-23 | 5023.02 | 6294.10 | 643.15 |
Objects of the Issue:
The company intend to utilize the proceeds of the Issue to meet the following objectives: -
- Funding Capital Expenditure towards the installation of additional plant and machinery.;
- To meet working capital requirements;
- General Corporate Purpose.
Shri Balaji Valve Components Limited IPO Registrar:
Bigshare Services Pvt Ltd
Shri Balaji Valve Components Limited IPO Lead Manager(s):
Hem Securities Limited
Company Contact Information:
Shri Balaji Valve Components Limited
Plot No - PAP B 31 Chakan MIDC, PH 2 Khed, Bhamboli
Pune
Pune
