Shri Balaji Valve Components Limited IPO

Price
₹95 - ₹100
Lot
1200
Subs.
276.44
Expected Listing Earning

Exp. Premium(GMP):
N/A(N/A%)
IPO Details

Open Date: 27-Dec-2023
Close Date: 29-Dec-2023
Allotment Date: 01-Jan-2024
Listing Date: 03-Jan-2024
Listing Price: ₹215.29/-
Face Value: ₹10 Per Equity Share
Issue Price: ₹95-100 Per Equity Share
Issue Size: 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)
Market Lot (Min Amount): Retail - ₹120,000 : HNI - ₹240,000
Subscription Details Updated at End of the Day

As on

QIB

Nll

Rll

Total

Shares Offered/Reserved409,200307,200716,4001,432,800
Day 1 - 27-12-23 
05:00 PM
4.96x0.89x2.02x2.62x
Day 2 - 28-12-23 
05:00 PM
6.20x18.29x16.15x13.77x
Day 3 - 29-12-23 
05:00 PM
70.04x799.70x169.95x276.44x
Total No. of Application:121,553 (Approx.)
Retail Subscription on the basis of Apps:121,553.00x
Valuations

Earning Per Share(EPS)10.72/-
P/E Ratio9.33
RoNW81.50%
Net Asset Value (NAV) - Post Issue:₹N/A/-
Company Financials (in Crore)

 Total AssetsTotal RevenueProfit After Tax
31 Jun,20235,132.001,654.64184.84
31 Mar,20235,023.026,294.10643.15
31 Mar,20223,973.463,906.05153.47
31 Mar,20211,758.631,616.49-3.22
Promoter(s)

Pre Issue Share Holding100%
Post Issue Share Holding73.53%
Company Promoter(s)
1. Laxmikant Sadashiv Kole
2. Madhuri Laxmikant Kole
3. Shrinivas Laxmikant Kole
Issue Objective(s)

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.
About Company

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.

Disclaimer

No financial information whatsoever published anywhere, within this application, should be considered as an advise to buy or sell securities or invest in IPOs, or as guide to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions. 

Also we are not a SEBi registered analyst comapny. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published on this application. Above information is based on information available as on date coupled with market perceptions.

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Thank you.