Shri Balaji Valve Components Ltd IPO - Check Issue Date, Price, Lot Size & Details with BlinkX.

Shri Balaji Valve Components Ltd IPO

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.

Shri Balaji Valve Components Ltd IPO Details

Total Shares Offered

₹ 21,60,000

Offer to Public

TBA

Retail Max (Shares)

₹ 7,16,400

Pre Issue Promoters Holding

₹ 59,99,986

Exchange

BSE

Issue size

₹ 21.6 Cr

IPO Open Date

Dec 27, 2023

Close Date

Dec 29, 2023

Lot Size

1200

Min Investment

₹ 1,14,000

Issue Type

Book Building - SME

Listing Date

Jan 3, 2024

Shri Balaji Valve Components Ltd IPO Dates

Dec 27, 2023

Opening date

Dec 29, 2023

Closing date

Jan 1, 2024

Basis of Allotment

Jan 2, 2024

Initiation of Refunds

Jan 2, 2024

Credit of Shares

Jan 3, 2024

Listing date

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*
QIB	0x	1022400
NII	0x	307200
Retail	0x	716400
Employee	0x	0
Total	0x	2160000

Investor Type

QIB

NII

Retail

Employee

Total

Subscription Times

1022400

307200

716400

2160000

Shri Balaji Valve Components Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)

Particulars (in Rs. Crores)	FY23	FY22	FY21
Revenue from operations	12.50	13.31	10.58
EBITDA	16.19	15.40	12.48
PAT	6.50	8.33	6.48
Total Assets	42.13	56.64	32.67
Share Capital	8.16	8.16	0.01
Total Borrowings	13.42	24.41	21.12
Operating Activities (Net Cash)	10.19	10.42	8.38
Investing Activities (Net Cash)	-0.86	-1.32	-1.70
Financing Activities (Net Cash)	13.42	24.41	21.12
Net Cashflow	6.04	6.61	1.59

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.

Peer Comparison:

No Listed Industry Peers

Shri Balaji Valve Components Ltd 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.

How To Apply for Shri Balaji Valve Components Ltd IPO Online?

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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.

FAQs on IPO (Initial Public Offering)

What is the issue size of the Shri Balaji Valve Components Ltd IPO?

Shri Balaji Valve Components Ltd's IPO offers shares for up to 21.6 It begins on Dec 27, 2023 and ends on Dec 29, 2023.

What is the price of the Shri Balaji Valve Components Ltd IPO?

The price of Shri Balaji Valve Components Ltd IPO ranges between ₹95 to ₹100 per share.

What are the open and close dates for the Shri Balaji Valve Components Ltd IPO?

The Shri Balaji Valve Components Ltd IPO opens on Dec 27, 2023 and closes on Dec 29, 2023.

When will the Shri Balaji Valve Components Ltd IPO be allotted?

The allotment for the Shri Balaji Valve Components Ltd IPO will be finalised on Jan 1, 2024. The shares will be listed on BSE and NSE on Jan 3, 2024.

What is the minimum lot size required for Shri Balaji Valve Components Ltd IPO?

The minimum lot size for Shri Balaji Valve Components Ltd IPO is 1200 shares, priced between ₹95 to ₹100 per share.

What is the GMP of Shri Balaji Valve Components Ltd IPO?

The GMP (Grey Market Premium) of Shri Balaji Valve Components Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Shri Balaji Valve Components Ltd IPO?

To check the allotment status of Shri Balaji Valve Components Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Shri Balaji Valve Components Ltd IPO getting listed?

The Shri Balaji Valve Components Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Dec 27, 2023, and closes on Dec 29, 2023. The allotment is finalised on Jan 1, 2024.

How do you apply for the Shri Balaji Valve Components Ltd IPO?

To apply for the Shri Balaji Valve Components Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.