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Shri Balaji Valve Components Limited

Live Updates, GMP, Subscription Data, and Financial Details

IPO Overview

Listed
Dates Dec 27 - Dec 29,2023
Price Band ₹95-100
Current GMP ₹190 (90%)
Subscription 276.44 times

IPO Details

IPO Date
December 27, 2023 to December 29, 2023
Listing Date
Wednesday, 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

IPO Subscription Details

Anchor Investors
1
Market Maker
1
Qualified Institutions
70.04
Non-Institutional Buyers*
799.70
Retail Investors
169.95
Total **
276.44

Day Wise Sub

DayDay 1 Dec 27, 2023
QIB4.96
NII*0.89
Retail2.02
Total2.62
DayDay 2 Dec 28, 2023
QIB6.20
NII*18.29
Retail16.15
Total13.77
DayDay 3 Dec 29, 2023
QIB70.04
NII*799.70
Retail169.95
Total276.44

Day Wise GMP

Date03-01-2024
Price100.00
GMP51 (51%)
Estimate List Price151
Date02-01-2024
Price100.00
GMP51 (51%)
Estimate List Price151
Date01-01-2024
Price100.00
GMP45 (45%)
Estimate List Price145
Date31-12-2023
Price100.00
GMP45 (45%)
Estimate List Price145
Date30-12-2023
Price100.00
GMP45 (45%)
Estimate List Price145
Date29-12-2023
Price100.00
GMP36 (36%)
Estimate List Price136
Date28-12-2023
Price100.00
GMP30 (30%)
Estimate List Price130

IPO Important Dates

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

IPO Lot Size

ApplicationRetail (Min)
Lots1
Shares1200
Amount₹120,000
ApplicationRetail (Max)
Lots1
Shares1200
Amount₹120,000
ApplicationHNI (Min)
Lots2
Shares2,400
Amount₹240,000

Financial Information

Period EndedPeriod Ended
30 Jun 202330 Jun 2023
31 Mar 202331 Mar 2023
31 Mar 202231 Mar 2022
Period EndedAssets
30 Jun 20235,132.00
31 Mar 20235,023.02
31 Mar 20223,973.46
Period EndedRevenue
30 Jun 20231,654.64
31 Mar 20236,294.10
31 Mar 20223,906.05
Period EndedProfit After Tax
30 Jun 2023184.84
31 Mar 2023643.15
31 Mar 2022153.47
Period EndedNet Worth
30 Jun 2023975.66
31 Mar 2023789.14
31 Mar 2022144.64
Period EndedReserves and Surplus
30 Jun 2023377.01
31 Mar 2023790.85
31 Mar 2022147.70
Period EndedTotal Borrowing
30 Jun 20232,879.49
31 Mar 20232,877.99
31 Mar 20222,799.71

Key Performance Indicator

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

IPO Reservation

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%)

Information 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

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