IPO Issue Details
Issue Price / Price Band₹100 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size1,200 Shares per Lot
Total Issue Size21,60,000 shares (aggregating up to ₹21.60 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenWed, 27 Dec 2023
Subscription CloseFri, 29 Dec 2023
Anchor AllotmentTue, 26 Dec 2023
Basis of AllotmentMon, 01 Jan 2024
Initiation of RefundsTue, 02 Jan 2024
Credit of Shares to DematTue, 02 Jan 2024
Listing DateWed, 03 Jan 2024
UPI Mandate Deadline2023-12-29
Application & Investment Details
Retail — Min (1 Lots)₹1,20,000 — 1,200 shares
Retail — Max (13 Lots)₹1,560,000 (13 Lots)
HNI — Min (2 Lots)₹2,40,000 — 2,400 shares
QIB Quota47.33% of Issue
NII / HNI Quota14.22% of Issue
Retail Quota33.17% of Issue
Market Maker Quota5.28% of Issue
EPS (Pre-IPO)₹10.72
P/E Ratio (Pre-IPO)9.33x
P/E Ratio (Post-IPO)11.04x
Net Offer to Public20,46,000 shares (aggregating up to ₹20.46 Cr)
Reserved for Market Maker1,14,000 shares (aggregating up to ₹1.14 Cr)
Pre-IPO Promoter Holding60,00,000 shares
Post-IPO Promoter Holding81,60,000 shares
About Shri Balaji Valve Components Ltd
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.
Objects of the Issue
Shri Balaji Valve Components Ltd proposes to utilise the net proceeds for the following objects as stated in the DRHP:
1
Funding Capital Expenditure towards the installation of additional plant and machinery.;
2
To meet working capital requirements;
3
To meet working capital requirements;
Shareholding & Lock-in
Pre-IPO Promoter Holding
60,00,000 shares
Post-IPO Promoter Holding
81,60,000 shares
