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.


IPO Details

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