Shri Balaji Valve Components Ltd IPO
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Shri Balaji Valve Components Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 21.6 L | TBA | ₹ 7.16 L | ₹ 60 L | BSE | ₹ 21.6 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 27 Dec, 23 | 29 Dec, 23 | 1200 | ₹ 1,14,000 | Book Building - SME | 03 Jan, 24 |
Shri Balaji Valve Components Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Engineering |
| Sub Sector | NA |
| Issue Type | Book Building - SME |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 28.03x | 1022400 | 28659600 |
| NII | 800.07x | 307200 | 245781600 |
| Retail | 169.95x | 716400 | 121755600 |
| Employee | 0x | 0 | 0 |
| Total | 183.42x | 2160000 | 396196800 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Shri Balaji Valve Components Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 13.37 | 10.58 | 2.63 |
| EBITDA | 15.46 | 12.48 | 3.16 |
| PAT | 8.33 | 6.48 | 1.53 |
| Total Assets | 56.64 | 32.67 | 25.69 |
| Share Capital | 8.16 | 0.01 | 0.01 |
| Total Borrowings | 24.41 | 21.12 | 20.92 |
| Operating Activities (Net Cash) | 10.42 | 8.38 | 2.06 |
| Investing Activities (Net Cash) | -1.32 | -1.70 | -8.58 |
| Financing Activities (Net Cash) | 24.41 | 21.12 | 20.92 |
| Net Cashflow | 6.61 | 1.59 | 1.34 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About Shri Balaji Valve Components Ltd
Shri Balaji Valve Components Limited was originally incorporated on November 17, 2011, as a private limited Company under the name and style of Shri Balaji Valve Components Private Limited under the provisions of Companies Act, 1956 with the Registrar of Companies, Pune Maharashtra bearing registration no 141370. Thereafter, the Company was converted from private limited to public limited and the name of the Company was changed from Shri Balaji Valve Components Private Limited to Shri Balaji Valve Components Limited vide fresh certificate of incorporation dated July 10, 2023 issued by the Registrar of Companies, Pune, Maharashtra. The Corporate Identification Number of the Company is U29220PN2011PLC141370.
The global industrial valves market size was valued at USD 48.1 billion in 2020 and is projected to reach USD 85.7 billion by 2025. It is expected to grow at a Compound Annual Growth Rate (CAGR) of 12.3% during the forecast period. Increasing demand for valves from the pharmaceuticals industry due to the outbreak of the COVID-19 pandemic, growing focus on the development of smart cities globally, rising need for connected networks to maintain and monitor industrial equipment, and surging requirement for establishing new nuclear power plants and revamping existing ones are the key driving factors for the industrial valves market.
Shri Balaji Valve Components Ltd, an ISO 9001-2015 certified company, is engaged in the business of manufacturing of ready to assemble valve components catering to manufacturing of the valves. The Company manufactures and supplies various types of valve components which are used in manufacturing of ball valves, butterfly valves and other valve including forging products. Further, its manufacturing system have been certified for establishment and application of the Quality management system for manufacturer of materials according to directives 2014/68/EU by PED & the products manufactured by closed die forging have been certified to comply with the requirements specified by NORSOK.
Peer Comparison:
- No Listed Industry Peers
Shri Balaji Valve Components Ltd IPO Key Points
Strengths
- Integrated manufacturing capabilities.
- Experienced Management team.
- Diversified range of products.
- Long Standing Relationship with key Customers & Suppliers.
- Quality Assurance and Standards.
Risk
- The company has a history of net losses in one of the year out of the last 3 financial years and any losses or its inability to achieve profitability may have an adverse effect on the company operations.
- The business in the Company has been started post the purchase of assets and liabilities from the M/s Balaji Enterprises and M/s Shrinivas Engineering (Proprietorship firm of its Promoters) thus the company have limited operating history as a Company which may make it difficult for investors to evaluate its historical performance or future prospects.
- Any increase in the cost of its raw material or other purchases or a shortfall in the supply of its raw materials, may adversely affect the pricing and supply of the company products and have an adverse effect on its business, results of operations and financial condition.
Strategy
- Continue to invest in its manufacturing capabilities.
- Expanding customer base and deepen key customer relationships.
- Focus on consistently meeting customer specifications' & quality standards.
- Deepen and expand its geographical presence.
- Focus on increasing operational efficiencies to improve returns.
- Integrated manufacturing capabilities.
- Experienced Management team.
- Diversified range of products.
- Long Standing Relationship with key Customers & Suppliers.
- Quality Assurance and Standards.
How To Apply for Shri Balaji Valve Components Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.