Bookbuilding IPO | ₹22 Cr | Listed at BSE SME | Wed, Dec 27, 2023 - Fri, Dec 29, 2023
Shri Balaji Valve Components IPO is a book build issue of ₹21.60 crores. The issue is entirely a fresh issue of 0.22 crore shares of ₹21.60 crore.
Shri Balaji Valve Components IPO bidding started from Dec 27, 2023 and ended on Dec 29, 2023. The allotment for Shri Balaji Valve Components IPO was finalized on Jan 1, 2024. The shares got listed on BSE SME on Jan 3, 2024.
Shri Balaji Valve Components IPO price band is set at ₹100 per share. The lot size for an application is 1,200. The minimum amount of investment required by an retail is ₹1,20,000 (1200 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (2,400 shares), amounting to ₹2,40,000.
Hem Securities Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Hem Finlease Pvt.Ltd..
Refer to Shri Balaji Valve Components IPO RHP for detailed Information.
IPO Open
Wed, Dec 27, 2023
IPO Close
Fri, Dec 29, 2023
Issue Price
₹100 per share
Market Cap (Pre-IPO)
₹81.60 Cr
| IPO Date | 27 to 29 Dec, 2023 |
| Listed on | Wed, Jan 3, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹95 to ₹100 |
| Issue Price | ₹100 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 21,60,000 shares (agg. up to ₹22 Cr) |
| Reserved for Market Maker | 1,14,000 shares Hem Finlease Pvt.Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 20,46,000 shares (agg. up to ₹20 Cr) |
| Net Offered to Public | 20,46,000 shares (agg. up to ₹20 Cr) |
| Share Holding Pre Issue | 60,00,000 shares |
| Share Holding Post Issue | 81,60,000 shares |
| BSE Script Code | 544074 |
| ISIN | INE0RNZ01014 |
Shri Balaji Valve Components IPO comprises a total issue size of 21,60,000 shares. The net offer to the public is 20,46,000 shares, after excluding 1,14,000 shares allotted on a firm basis. Of the Net offer 10,22,400 (49.97%) are allocated to QIB, 3,07,200 (15.01%) allocated to NII 7,16,400 (35.01%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 10,22,400 | 49.97% | 47.33% |
| − Anchor Investor Shares Offered | 6,13,200 | 28.39% | |
| − QIB (Ex. Anchor) Shares Offered | 4,09,200 | 18.94% | |
| NII (HNI) Shares Offered | 3,07,200 | 15.01% | 14.22% |
| Retail Shares Offered | 7,16,400 | 35.01% | 33.17% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,14,000 | 5.28% | |
| Total Shares Offered | 21,60,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,200 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹1,20,000 |
| Retail (Max) | 1 | 1,200 | ₹1,20,000 |
| HNI (Min) | 2 | 2,400 | ₹2,40,000 |
Shri Balaji Valve Components IPO raises ₹6.13 crore from anchor investors. Shri Balaji Valve Components IPO Anchor bid date is December 26, 2023.
📝 Anchor Investors Letter (PDF)
| Bid Date | Tue, Dec 26, 2023 |
| Shares Offered | 6,13,200 |
| Anchor Portion (₹ Cr.) | 6.13 |
| Anchor lock-in period end date for 50% shares (30 Days) | Wed, Jan 31, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Sun, Mar 31, 2024 |
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.
| Period Ended | 30 Jun 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 51.32 | 50.23 | 39.73 | 17.59 |
| Total Income | 16.55 | 62.94 | 39.06 | 16.16 |
| Profit After Tax | 1.85 | 6.43 | 1.53 | -0.03 |
| NET Worth | 9.76 | 7.89 | 1.45 | -0.11 |
| Reserves and Surplus | 3.77 | 7.91 | 1.48 | -0.06 |
| Total Borrowing | 28.79 | 28.78 | 28.00 | 14.00 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding Capital Expenditure towards installation of additional plant and machinery. | 8.05 |
| 2 | To meet working capital requirements | 7.50 |
| 3 | General Corporate Purpose | 3.97 |
| Total | 19.52 |
| KPI | |
|---|---|
| ROE | 136.76% |
| ROCE | 26.47% |
| Debt/Equity | 3.63 |
| RoNW | 81.50% |
| PAT Margin | 10.33% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 10.72 | |
| P/E (x) | 9.33 | 11.04 |
| Promoter Holding | 100% | 73.53% |
| Market Cap | ₹81.60 Cr. |
The Balaji Valve Components IPO is subscribed 276.44 times on December 29, 2023 7:02:00 PM (Day 3). The public issue subscribed 169.95 times in the retail category, 70.04 times in the QIB category, and 799.7 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 70.04 | 4,09,200 | 2,86,59,600 |
| NII* | 799.7 | 3,07,200 | 24,56,67,600 |
| Retail | 169.95 | 7,16,400 | 12,17,55,600 |
| Total | 276.44 | 14,32,800 | 39,60,82,800 |
Total Application : 1,21,553
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manager Fees | 0.25 |
| 2 | Fees Payable to Registrar to the Issue | 0.01 |
| 3 | Fees Payable for Advertising and Publishing Expenses | 0.05 |
| 4 | Fees Payable to Regulators including Stock Exchange | 0.06 |
| 5 | Payment for Printing & Stationery, Postage, etc. | 0.02 |
| 6 | Fees Payable to Underwriter | 0.22 |
| 7 | Fees Payable to Auditor, Legal Advisors and other Professionals | 0.03 |
| 8 | Others (Fees payable for Marketing & distribution expenses, Selling Commission, Brokerage, Processing Fees and Miscellaneous Expenses) | 1.44 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹100.00 |
| Open | ₹190.00 |
| Low | ₹190.00 |
| High | ₹199.50 |
| Last Trade | ₹199.50 |
Lead Manager Reports
Shri Balaji Valve Components IPO is a SME IPO of 21,60,000 equity shares of the face value of ₹10 aggregating up to ₹22 Crores. The issue is priced at ₹100 per share. The minimum order quantity is 1200.
The IPO opens on Wed, Dec 27, 2023, and closes on Fri, Dec 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 Shri Balaji Valve Components IPO using UPI as a payment gateway. Zerodha customers can apply in Shri Balaji Valve Components IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Shri Balaji Valve Components IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Shri Balaji Valve Components IPO opens on Wed, Dec 27, 2023 and closes on Fri, Dec 29, 2023.
Shri Balaji Valve Components IPO lot size is 1200, and the minimum amount required for application is ₹1,20,000.
You can apply in Shri Balaji Valve Components IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Shri Balaji Valve Components IPO will be done on Monday, January 1, 2024, and the allotted shares will be credited to your demat account by Tue, Jan 2, 2024. Check the Shri Balaji Valve Components IPO allotment status.
The Shri Balaji Valve Components IPO listing date is on Wed, Jan 3, 2024.
