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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.
Balaji Valve Components IPO Details
| IPO Date | December 27, 2023 to December 29, 2023 |
| Listing Date | [.] |
| 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 |
Balaji Valve Components IPO Timeline (Tentative Schedule)
Balaji Valve Components IPO opens on December 27, 2023, and closes on December 29, 2023.
| 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 |
Balaji Valve Components IPO Lot Size
Investors can bid for a minimum of 1200 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹120,000 |
| Retail (Max) | 1 | 1200 | ₹120,000 |
| HNI (Min) | 2 | 2,400 | ₹240,000 |
Balaji Valve Components IPO Promoter Holding
The Promoters of the company are Laxmikant Sadashiv Kole, Madhuri Laxmikant Kole and Shrinivas Laxmikant Kole.
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue | 73.53% |
Shri Balaji Valve Component Limited Financial Information (Restated)
Shri Balaji Valve Component Limited’s revenue increased by 61.14% and profit after tax (PAT) rose by 319.07% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Jun 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 5,132.00 | 5,023.02 | 3,973.46 | 1,758.63 |
| Revenue | 1,654.64 | 6,294.10 | 3,906.05 | 1,616.49 |
| Profit After Tax | 184.84 | 643.15 | 153.47 | -3.22 |
| Net Worth | 975.66 | 789.14 | 144.64 | -10.85 |
| Reserves and Surplus | 377.01 | 790.85 | 147.70 | -5.77 |
| Total Borrowing | 2,879.49 | 2,877.99 | 2,799.71 | 1,399.54 |
| Amount in ₹ Lakhs | ||||
Key Performance Indicator
Balaji Valve Components IPO Market Cap is Rs 81.6 Cr and P/E (x) is 9.33.
| KPI | Values |
|---|---|
| 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 |
| RoNW | 81.50% |
Objects of the Issue (Balaji Valve Components IPO Objectives)
The company intend to utilize the proceeds of the Issue to meet the following objectives: –
- Funding Capital Expenditure towards the installation of additional plant and machinery.;
- To meet working capital requirements;
- General Corporate Purpose.
