Shri Balaji Valve Components was incorporated on November 17, 2011. The company specializes in manufacturing ready-to-assemble valve components for various industries. These components are used in the production of valves, which vary in size based on customer specifications and industry needs.
| Bidding Dates |
|---|
| 27 Dec 2023 - 29 Dec 2023 |
| Subscription |
|---|
| 276.52x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,14,000 | 1 | 1 | 1200 | 2.2 M | ₹95 - ₹100 | 73.53 % | ₹205.2 M - ₹216.0 M | RHP DOC |
Shri Balaji Valve IPO SUBSCRIPTION STATUS
29 Dec '23Shri Balaji Valve IPO overall subscription rate was 276.52 times the total available shares
Shri Balaji Valve IPO retail subscription rate was 169.95 times in the retail segment
Shri Balaji Valve IPO non-institutional investor subscription rate was 800.07 times in the non-institutional investor category
Shri Balaji Valve IPO Qualified Institutional Bidder subscription rate was 70.04 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
29 Dec 2023 (Day 3) | 169.95x | 800.07x | 70.04x |
28 Dec 2023 (Day 2) | 16.15x | 18.66x | 6.2x |
27 Dec 2023 (Day 1) | 2.02x | 0.89x | 4.96x |
Shri Balaji Valve FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| Q1FY24 | 18.5 | 165.2 | 37.6 | 7.9 | 19.8% |
| FY23 | 64.3 | 622.7 | 56.2 | 2.4 | 17.6% |
| FY22 | 15.3 | 388.5 | -33.2 | -124.4 | 7.0% |
| FY21 | -0.3 | 161.5 | -76.0 | -103.8 | 2.5% |
Shri Balaji Valve IPO SUBSCRIPTION STATUS DETAILS
Shri Balaji Valve had 2.2 M shares on offer
Shri Balaji Valve IPO offer price was in the range ₹95 - ₹100
Shri Balaji Valve IPO minimum Investment was ₹114000
Shri Balaji Valve IPO issue size was ₹ 205.2 M - ₹ 216.0 M
Shri Balaji Valve had a minimum lot size of 1200 Shares per application
Shri Balaji Valve NUMBER OF SHARES ON OFFER
Shri Balaji Valve IPO IMPORTANT DATES
| Issue Open Date | 27 Dec 2023 |
| Issue close Date | 29 Dec 2023 |
| Allotment Date | 01 Jan 2024 |
| Refund Date | 02 Jan 2024 |
| Demat Account Credit Date | 02 Jan 2024 |
| Listing Date | 03 Jan 2024 |
| Listing on Exchange(s) | BSE |
| Shri Balaji Valve Allotment Status | Exchange |
Shri Balaji Valve IPO subscription opened on 27 Dec 2023, and closed on 29 Dec 2023
IPO allotment for Shri Balaji Valve was finalized on Monday, 01 Jan 2024
IPO listing for Shri Balaji Valve was on BSE on Wednesday, 03 Jan 2024
Shri Balaji Valve IPO LISTING GAINS
| Issue Price (adjusted) | 100.0 |
| Listing Open Price | 190.0 |
| Listing Close Price | 199.5 |
| Listing Gain% | 90.0% |
| Current Gain% | 5.0% |
Shri Balaji Valve Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Shri Balaji Valve Components Ltd. | 105 | 85.7 | 10 | 0.3 | 0.9 | 16.2 | 8.8 | 98.3 | 19.4 | 8.6 | 31.6 | 10.5 | 31.6 |
| Esab India Ltd. | 5746 | 8844.8 | 42.8 | 2.4 | 5.9 | 48.1 | 29.6 | 1514.2 | 9.6 | 206.7 | 17.8 | 134.3 | 17.8 |
| Shivalik Bimetal Controls Ltd. | 1105 | 6365.6 | 60 | 2 | 10.3 | 19.9 | 15.1 | 583.1 | 11.9 | 95.9 | 24.4 | 18.4 | 29.3 |
| Ador Welding Ltd. | 1518.4 | 2642.4 | 23.3 | 0.1 | 2.2 | 14.8 | 9.8 | 1158.2 | 1.5 | 82 | 36.5 | 65.2 | 213.2 |
| Diffusion Engineers Ltd. | 395.6 | 1480.4 | 29.4 | 0.7 | 3.6 | 12.4 | 9.8 | 421.6 | 22.4 | 50.3 | 40.1 | 13.4 | 40.1 |
| Gala Precision Engineering Ltd. | 997 | 1277.8 | 34.4 | 0.9 | 3.9 | 12.1 | 9.5 | 319.9 | 32.1 | 35.5 | 32.2 | 29 | 37.2 |
Shri Balaji Valve INFORMATION ON IPO ISSUE
About Shri Balaji Valve
Shri Balaji Valve Components was incorporated on November 17, 2011. The company specializes in manufacturing ready-to-assemble valve components for various industries. These components are used in the production of valves, which vary in size based on customer specifications and industry needs.
Object of the Issue
- Funding capital expenditure towards installation of additional plant and machinery
- To meet working capital requirements
- General corporate purpose
Shri Balaji Valve - PROMOTERS
| Name |
|---|
| Laxmikant Sadashiv Kole |
| Madhuri Laxmikant Kole |
| Shrinivas Laxmikant Kole |
Shri Balaji Valve Lead Manager of the Issue
Hem Securities Limited
ib@hemsecurities.com
Shri Balaji Valve Registrar to the issue
Bigshare Services Private Limited
ipo@bigshareonline.com
Shri Balaji Valve Strengths
Integrated manufacturing
Over the years, the company has developed the capability to produce most of its products using its manufacturing facilities. This ability to perform in-house manufacturing operations provides the company with advantages such as faster deliveries, improved quality, and cost savings in its operations
Diversified range of products
The company boasts a diversified product portfolio of industrial valve components, serving various industries with sizes ranging from ½ inch to 60 inches
Quality assurance
The company's commitment to quality delivery has been the cornerstone of its expansion and diversification of the product portfolio. It has achieved ISO 9001:2015 certification for its quality management system in both manufacturing facilities
Shri Balaji Valve Risks
Negative net cash flows
The company has experienced negative net cash flows in the past and may continue to have negative cash flows in the future
Dependent on few customers
The company heavily relies on its top five customers for the majority of its operational revenues. The loss of business from one or more of these customers could have a negative impact on both revenues and profitability
Intense competition
The highly competitive nature of the valve components market could lead to pricing pressures that may result in a reduced share of business from clients. This, in turn, could potentially lead to decreased revenues and profitability for the company
IPO FAQs
The promoters of the company are Laxmikant Sadashiv Kole, Madhuri Laxmikant Kole and Shrinivas Laxmikant Kole.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 95.0 - 100.0.
The IPO application opens on Dec 27, 2023 and closes on Dec 29, 2023.
The minimum lot size for the IPO is 1200. The maximum lot size for the IPO is 1200.
For all category investors, the minimum application amount for this IPO is Rs. 114,000.0, the maximum value for this IPO is Rs 120,000.0.
This IPO will be allotted on Jan 01, 2024.
The refund will be credited to your account on Jan 02, 2024.
The allotted shares will be credited to your demat on Jan 02, 2024.
Shri Balaji Valve Components Ltd.’s shares listed on the stock exchanges on Jan 03, 2024.