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Balaji Valve Components IPO is a book built issue of Rs 21.60 crores. The issue is entirely a fresh issue of 21.6 lakh shares.
Balaji Valve Components IPO bidding started from December 27, 2023 and ended on December 29, 2023. The allotment for Balaji Valve Components IPO was finalized on Monday, January 1, 2024. The shares got listed on BSE SME on January 3, 2024.
Balaji Valve Components IPO 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.
Hem Securities Limited is the book running lead manager of the Balaji Valve Components IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Balaji Valve Components IPO is Hem Finlease.
Refer to Balaji Valve Components IPO RHP for detailed information.
| IPO Date | December 27, 2023 to December 29, 2023 |
| Listing Date | January 3, 2024 |
| 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 Hem Finlease |
Balaji Valve Components IPO offers 2,160,000 shares. 409,200 (18.94%) to QIB, 307,200 (14.22%) to NII, 716,400 (33.17%) to RII and 613,200 (28.39%) to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 613,200 (28.39%) |
| Market Maker Shares Offered | 114,000 (5.28%) |
| QIB Shares Offered | 409,200 (18.94%) |
| NII (HNI) Shares Offered | 307,200 (14.22%) |
| Retail Shares Offered | 716,400 (33.17%) |
| Total Shares Offered | 2,160,000 (100%) |
Balaji Valve Components IPO raises Rs 6.13 crore from anchor investors. Balaji Valve Components IPO Anchor bid date is December 26, 2023. Balaji Valve Components IPO Anchor Investors list
| Bid Date | December 26, 2023 |
| Shares Offered | 613,200 |
| Anchor Portion Size (In Cr.) | 6.13 |
| Anchor lock-in period end date for 50% shares (30 Days) | January 31, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | March 31, 2024 |
Balaji Valve Components IPO opens on December 27, 2023, and closes on December 29, 2023.
| 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 |
Investors can bid for a minimum of 1200 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹120,000 |
| Retail (Max) | 1 | 1200 | ₹120,000 |
| HNI (Min) | 2 | 2,400 | ₹240,000 |
| Lot Size Calculator | |||
The Promoters of the company are Laxmikant Sadashiv Kole, Madhuri Laxmikant Kole and Shrinivas Laxmikant Kole.
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue | 73.53% |
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.
Shri Balaji Valve Component Limited's revenue increased by 61.14% and profit after tax (PAT) rose by 319.07% between the financial year ending with March 31, 2023 and March 31, 2022.
| 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 |
| Amount in ₹ Lakhs | ||||
The market capitalization of Balaji Valve Components IPO is Rs 81.6 Cr.
| KPI | Values |
|---|---|
| ROE | 136.76% |
| ROCE | 26.47% |
| Debt/Equity | 3.63 |
| RoNW | 81.50% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 10.72 | |
| P/E (x) | 9.33 | 11.04 |
The company intend to utilize the proceeds of the Issue to meet the following objectives: -
[Dilip Davda] The company is in the business of manufacturing various type of ready to assemble valve components catering to varied industries. It has created a niche place, but the sudden boost in its bottom lines from FY23 onwards raise concern over the sustainability. Based on its FY24 annualized super earnings, the issue appears fully priced. Well-informed investors may park funds for the medium to long-term rewards. Read detail review...
The Balaji Valve Components IPO is subscribed 276.44 times on December 29, 2023 7:02:00 PM. The public issue subscribed 169.95 times in the retail category, 70.04 times in the QIB category, and 799.70 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 70.04 |
| NII | 799.70 |
| Retail | 169.95 |
| Total | 276.44 |
Total Application : 121,553 (121,553.00 times)
| Listing Date | January 3, 2024 |
| BSE Script Code | 544074 |
| NSE Symbol | |
| ISIN | INE0RNZ01014 |
| Final Issue Price | ₹100 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹100.00 |
| ₹190.00 |
| ₹190.00 |
| ₹199.50 |
| ₹199.50 |
Shri Balaji Valve Components Limited
Plot No - PAP B 31
Chakan MIDC, PH
2 Khed, Bhamboli, Pune, India, 410501
Phone: +91 97655 65409
Email: info@balajivalvecomponents.com
Website: https://www.balajivalvecomponents.com/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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Check our SME IPO Guide 
Balaji Valve Components IPO is a SME IPO of 2,160,000 equity shares of the face value of ₹10 aggregating up to ₹21.60 Crores. The issue is priced at ₹95 to ₹100 per share. The minimum order quantity is 1200 Shares.
The IPO opens on December 27, 2023, and closes on December 29, 2023.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Balaji Valve Components IPO using UPI as a payment gateway. Zerodha customers can apply in Balaji Valve Components IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Balaji Valve Components IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Balaji Valve Components IPO opens on December 27, 2023 and closes on December 29, 2023.
Balaji Valve Components IPO lot size is 1200 Shares, and the minimum amount required is ₹120,000.
You can apply in Balaji Valve Components IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Balaji Valve Components IPO will be done on Monday, January 1, 2024, and the allotted shares will be credited to your demat account by Tuesday, January 2, 2024. Check the Balaji Valve Components IPO allotment status.
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Today one can place early bid to buy @ 219.94 in balaji and watch till 9:05 am.
If it looks like listing @ 219.94, then keep the bid as it is, else remove.
Speed is the key
Those want to sell, should see till 9:05, if its listing at upper cercuit, then avoid placing the bid, else place the bid.
Remember, pre open today settles at 9:07 am
Plz remember, 80 percent of floating stock is already cornered