Balaji Valve Components IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Dec 29, 2023Let’s have a detailed review of the company and analytics of the Balaji Valve Components IPO release date, IPO offer price, subscription, Balaji Valve Components Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs 95 to Rs 100 |
| Listing At | BSE, SME |
| Min. Order Quantity | 1200 Shares |
| Listing Date | January 3, 2024 |
| Offer for Sale | Rs Lakh |
| Fresh Issue | Rs 2160 Lakh |
| IPO Size | Rs 2160 Lakh |
| Tick Size | 1 |
Balaji Valve Components IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
| Live Performance – Balaji Valve Components Share Price |
Balaji Valve Components IPO – Summary
Their Company, an ISO 9001-2015 certified company, is engaged in the business of manufacturing ready-to-assemble valve components catering to the manufacturing of the valves which are used in different industries and in different sizes depending on the customer’s specifications.
They manufacture and supply various types of valve components which are used in the manufacturing of ball valves, butterfly valves and other valve including forging products. Their valve components are used to manufacture valves which serve industries which are in different sectors.
The promoters of this company are Laxmikant Sadashiv Kole, Madhuri Laxmikant Kole, and Shrinivas Laxmikant Kole. The lead manager of the issue is HEM SECURITIES LIMITED, and the Registrar of this issue is BIG SHARE SERVICES PRIVATE LIMITED.
Balaji Valve Components IPO Date
The opening and closing dates of the Balaji Valve Components IPO are December 27, 2023 and December 29, 2023 respectively.
Balaji Valve Components IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – 27th Dec | 4.96x | 0.89x | 2.02x | 2.62x |
| 2nd Day – 28th Dec | 6.20x | 18.29x | 16.15x | 13.77x |
| 3rd Day – 29th Dec | 70.04x | 799.70x | 169.95x | 276.44x |
| Shares Offered or Net Issue | 409,200 | 421,200 | 716,400 | 613,200 |
The shares subscribed by the public will be updated here.
Balaji Valve Components IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Balaji Valve Components Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | January 1, 2024 |
| Refunds Initiation | January 2, 2024 |
| Credit of Shares to Demat Account | January 2, 2024 |
| Share Listing Date | January 3, 2024 |
Balaji Valve Components IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs 95 to Rs 100
Balaji Valve Components IPO Equity Size
This Initial Public Issue of 2,160,000 Equity Shares of Rs.10 each for cash at a price of Rs 95 to Rs 100 per equity share aggregating to Rs.2160 Lakh.
Balaji Valve Components IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 2,160,000 Equity Shares of Rs.10/ each.
Issue Size: 2,160,000 Equity Shares of Rs.10 each, aggregating to Rs.2160 Lakh
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Balaji Valve Components IPO – Live Performance
The listing date of this IPO is January 3, 2024. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Balaji Valve Components Share Price |
Balaji Valve Components IPO Grey Market Premium
The Balaji Valve Components Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is Rs X.
Balaji Valve Components IPO – Company Overview
They are into machining of components and delivering ‘Ready to assemble’ valve components according to customer’s designs and specifications. Currently, the company is operating from its 2 manufacturing facilities located in Pune, Maharashtra.
One of their manufacturing facilities is located at Bhosari, Pune which is equipped with the forging capabilities and heat treatment capabilities, the second manufacturing facility is located at Chakan MIDC, Bhamboli, Pune which undertakes the machining work.
Most of their valve components are made as per the requirements specified by their customers. They work in close connections with their clients so that their valve components match the customers’ requirements and can handle the desired applications. Over the years, their valve components have proved suitable and safe for many operations requirements. They manufacture valve components using the forging method, bar routing method and casting methods.
In the case of any casting products, they generally get the casts manufactured from the customer’s nominated vendors or outsourcing. The use of methods depends upon the manufacturing plans, customer requirements, components manufactured, material complexity etc.
Balaji Valve Components IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakh) | ||||
| 30-Jun-23 | 31-Mar-23 | Mar-22 | 31-Mar-21 | |
| Total Assets | 5132.00 | 5023.02 | 3973.46 | 1,758.63 |
| *Total Revenue | 1654.64 | 6294.10 | 3906.05 | 1616.49 |
| Total Expense | 1406.98 | 5432.06 | 3696.57 | 1617.65 |
| Profit After Tax | 184.84 | 643.15 | 153.47 | (3.22) |
Earnings per Equity Share (in Lakh)
| 30-Jun-23 | 31-Mar-23 | Mar-22 | 31-Mar-21 | |
| Basic & Diluted | 3.08 | 10.79 | 2.56 | (0.05) |
Further, their PAT for the period ended on March 31, 2023, March 31, 2022, and March 31, 2021, were Rs. 643.15 Lakh, Rs. 153.47 Lakh and Rs. (3.22) Lakh respectively.
Balaji Valve Components IPO – Promoters
The Promoter of this company is:
- Laxmikant Sadashiv Kole,
- Madhuri Laxmikant Kole,
- Shrinivas Laxmikant Kole
List of Related Parties (Key Managerial Personnel)
- Laxmikant Sadashiv Kole, Chairman & Managing Director
- Madhuri Laxmikant Kole, Non-Executive Director
- Shrinivas Laxmikant Kole, Whole Time Director & CFO
- Sanker Parameswaran, Independent Director
Balaji Valve Components IPO – Promoters Holding
- Pre-Issue Share Holding – 100%
- Post-Issue Share Holding – 73.53%
Balaji Valve Components IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 21,60,000 Equity Shares aggregating up to Rs.[●] Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to [●] Equity Shares aggregating up to Rs.[●] Lakh |
| Net Issue to the Public | Up to [●] Equity Shares aggregating up to Rs.[●] Lakh |
| Of which: | |
| Retail Investors Portion | Not less than [●] Equity Shares |
| Other than Retail Individual Investors | Not more than [●] Equity Shares |
| Equity Shares outstanding prior to the Issue | 60,00,000 Equity Shares |
| Equity Shares outstanding after the Issue | 81,60,000 Equity Shares |
Balaji Valve Components IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
- Funding Capital Expenditure towards the installation of additional plant and machinery.;
- To meet working capital requirements;
- General Corporate Purpose.
Balaji Valve Components IPO – Business Strategy
- Continue to invest in their manufacturing capabilities
- Expanding customer base and deepening key customer relationships
- Focus on consistently meeting customer specifications & quality standards
- Deepen and expand their geographical presence
- Focus on increasing operational efficiencies to improve returns
Balaji Valve Components IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Integrated manufacturing capabilities;
- Experienced Management team;
- Diversified range of products;
- Standing Relationships with key Customers and suppliers;
- Quality Assurance and Standards
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-23 | 10.79 | 81.50% | 13.15 |
| 31-Mar-22 | 2.56 | 106.10% | 2.41 |
| Mar-21 | (0.05) | 29.64% | (0.18) |
Balaji Valve Components IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Lakhs) | |
| Balaji Valve Components Limited | 10 | [●] | 10.72 | 81.50 | 6294.10 |
| Listed Peers | |||||
| NA | – | – | – | – | – |
Balaji Valve Components IPO Lead Managers
| Lead Managers |
| HEM SECURITIES LIMITED 904, A Wing, Naman Midtown, Senapati Bapat Marg, Elphinstone Road, Lower Parel, Mumbai-400013, India Tel. No.: +91- 022- 49060000; Fax No.: +91- 022- 22625991 Email: ib@hemsecurities.com Investor Grievance Email: redressal@hemsecurities.com Website: www.hemsecurities.com Contact Person: Mr. Sourabh Garg SEBI Regn. No. INM000010981 |
Balaji Valve Components IPO Registrar to offer
| Registrar to the Offer |
| BIGSHARE SERVICES PRIVATE LIMITED Address: S6-2, 6th Floor, Pinnacle Business Park, Next to Ahura Centre, Mahakali Caves Road, Andheri (East) Mumbai – 400093, India. Tel No.: +91 22 6263 8200; Facsimile: +91 22 6263 8299 Email: ipo@bigshareonline.com Contact Person: Mr. Babu Rapheal Website: www.bigshareonline.com SEBI Registration Number: INR000001385 |
Balaji Valve Components IPO – Other Details
- Statutory Auditor – M/s. Kishor Gujar & Associates
- Legal Counsel to the Company – Vedanta Law Chambers
- Bankers to the Company – NA
Balaji Valve Components IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Balaji Valve Components Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Balaji Valve Components IPO Review FAQs
Check out various FAQs related to Balaji Valve Components IPO:
What is the Issue Size of Balaji Valve IPO?
The Company is making an initial public offer of 2,160,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of Balaji Valve IPO?
The price band for this particular IPO ranges between Rs 95 to Rs 100. As far as the face value of the share is concerned, it is Rs. 10 per share.
What is the Balaji Valve IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on December 27, 2023, while the closing date is set at December 29, 2023.
What is the Balaji Valve IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on January 1, 2024, refund initiation is on January 2, 2024, credit of shares is on January 2, 2024, and share listing date is on January 3, 2024.
What is the Balaji Valve IPO Listing Date?
Shares of this company shall be listed in the exchanges on January 3, 2024. The date, when the listing would be done, is stagnant on January 3, 2024.
Who is the Registrar of Balaji Valve IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. BIGSHARE SERVICES PRIVATE LIMITED. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Balaji Valve IPO?
Here are the promoters of this IPO – Laxmikant Sadashiv Kole, Madhuri Laxmikant Kole, and Shrinivas Laxmikant Kole. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of Balaji Valve IPO?
They have obtained the GMP of this IPO and it is Rs NA. Further insights into the Kostak rate and subject to sauda or SS are as well included in this report.
Is Balaji Valve Components IPO Good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Balaji Valve Components Company?
They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2023 in Lakh is 643.15, 2022 is 153.47, and 2021 is (3.22). PAT from Jun 2023 is 184.84.
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