The Balaji Valve Components IPO date has been confirmed from December 27, 2023 and closes on December 29, 2023.
Using an IPO, Balaji Valve Components is seeking to raise Rs 21.60 crores. Its price band is set at ₹95 to ₹100 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹120,000. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹240,000.
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Bidding Dates
December 27-29
Price Range
₹95 to ₹100 per share
Face Value
₹10 per share
GMP
₹[.]
Balaji Valve Components IPO GMP
The Balaji Valve Components Limited IPO GMP is ₹[.].
IPO Overview
The Balaji Valve Components IPO is a book-built offering for Rs 21.60 crores. The issue is a completely new issue of 21.6 lakh shares. Balaji Valve Components’ initial public offering (IPO) begins on December 27, 2023 and concludes on December 29, 2023. The Balaji Valve Components IPO allotment is expected to be completed on Monday, January 1, 2024. Balaji Valve Components’ initial public offering (IPO) will be listed on the BSE SME on Wednesday, January 3, 2024.
The IPO price range for Balaji Valve Components is set at 95 to 100 per share. A minimum lot size of 1200 Shares is required for an application. Retail investors must make a minimum investment of ₹120,000 to participate. For HNI, the minimum lot size investment is 2 lots (2,400 shares) totaling ₹240,000. As of June 30, 2023, the company employed 168 people. When the factories want more assistance, the corporation engages contract labour.
Balaji Valve Components IPO Details
| IPO Date | December 27, 2023 to December 29, 2023 |
| Listing Date | [.] |
| 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 Cr) |
| Fresh Issue | 2,160,000 shares (aggregating up to ₹21.60 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 6,000,000 |
| Share holding post issue | 8,160,000 |
| Market Maker portion | 114,000 shares |
Shri Balaji Valve Component Limited Financial Information
| Period Ended | 30 Jun 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 5,132.00 | 5,023.02 | 3,973.46 | 1,758.63 |
| Revenue | 1,654.64 | 6,294.10 | 3,906.05 | 1,616.49 |
| Profit After Tax | 184.84 | 643.15 | 153.47 | -3.22 |
| Net Worth | 975.66 | 789.14 | 144.64 | -10.85 |
| Reserves and Surplus | 377.01 | 790.85 | 147.70 | -5.77 |
| Total Borrowing | 2,879.49 | 2,877.99 | 2,799.71 | 1,399.54 |
Balaji Valve Components IPO Timeline
| 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 |
Company Profile
Shri Balaji Valve Components Ltd., founded in November 2011, manufactures valve components for ball valves, butterfly valves, and other valves, including forged items. Balls, spindles, valve bodies, ports, trunnions, flanges, housings, rings, shafts, hoods, discs, and sleeves are among the valve components manufactured by the company. These parts are found in a variety of valves, including ball valves, butterfly valves, control valves, gate valves, and check valves. In Pune, Maharashtra, the company operates two production plants. These plants have
forging, heating, and machining equipment and facilities. Forging and heat treatment are available at one of the plants at Bhosari, Pune. The machining is handled by the other unit in Chakan MIDC, Bhamboli, Pune. The company provides a diverse selection of products, allowing it to serve a huge customer base across India. Furthermore, the organisation has expanded its operations to international places such as Dubai, Germany, Singapore, Taiwan, Italy, South Africa, the United States, the United Kingdom, Qatar, and Pennsylvania.
Registrar Info
| Name | Bigshare Services Pvt Ltd |
| Phone number | +91-22-6263 8200 |
| Email ID | ipo@bigshareonline.com |
| Website | ipo.bigshareonline.com |
Contact Details
| Name | Shri Balaji Valve Components Limited |
| Phone number | +91 97655 65409 |
| Email ID | info@balajivalvecomponents.com |
| Website | balajivalvecomponents.com |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
