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 opens for subscription on December 27, 2023 and closes on December 29, 2023. The allotment for the Balaji Valve Components IPO is expected to be finalized on Monday, January 1, 2024. Balaji Valve Components IPO will list on BSE SME with tentative listing date fixed as Wednesday, 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.
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 Hem Finlease |
Balaji Valve Components IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
Balaji Valve Components IPO Timeline (Tentative Schedule)
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 |
Balaji Valve Components IPO Lot Size
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 |
Balaji Valve Components IPO Promoter Holding
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% |
About Shri Balaji Valve Components Limited
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 Financial Information (Restated)
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 |
Key Performance Indicator
Balaji Valve Components IPO Market Cap is Rs 81.6 Cr and P/E (x) is 9.33.
| KPI | Values |
|---|---|
| P/E (x) | 9.33 |
| Post P/E (x) | 11.04 |
| Market Cap (₹ Cr.) | 81.6 |
| ROE | 136.76% |
| ROCE | 26.47% |
| Debt/Equity | 3.63 |
| EPS (Rs) | 10.72 |
| RoNW | 81.50% |
Check Balaji Valve Components IPO Peer Comparison here.
Objects of the Issue (Balaji Valve Components IPO Objectives)
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.
Balaji Valve Components IPO Review (May apply)
[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…
Shri Balaji Valve Components Limited Contact Details
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/
Balaji Valve Components IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html