Shri Balaji Valve Components IPO: Check Out Price Band, Face Value & More

On December 27, 2023, Shri Balaji Valve Components Limited opened the IPO for subscription, and it will close on December 29, 2023.

Price Band & Lot Size

The price band for the Shri Balaji Valve Components Limited IPO is set between Rs 95 to Rs 100. The IPO lot size comprises 1,200 shares. Investors can bid for a minimum of 1,200 shares and in multiples thereafter.

About the Company

A wide range of valve parts, such as hoods, discs, sleeves, trunnions, balls, spindles, valve bodies, ports, flanges, housings, rings, and shafts, is manufactured by the company. These parts find application in various types of valves, including control, gate, check, butterfly, and ball valves.

Also read: AIK Pipes Polymers IPO: Check Out Price Band & Other Details

About the Issue

According to the RHP (Red Herring Prospectus), the Shri Balaji Valve Components Limited IPO is valued at Rs 21.60 crore. It comprises solely a fresh issue of 2,160,000 equity shares. There isn’t an offer for sale (OFS) component.

The intended utilization of the IPO’s proceeds by the company includes general corporate purposes, meeting working capital requirements, and funding capital expenditures aimed at installing additional plant and machinery.

IPO Reserve Portion

The allocation breakdown for the Shri Balaji Valve Components Limited IPO is as follows: up to 50 percent of the shares are reserved for Qualified Institutional Buyers (QIB), a minimum of 15 percent is allocated for Non-Institutional Investors (NII), and at least 35 percent of the offer is reserved for retail investors.

Book Running Lead Managers & Register

In the Balaji Valve Components IPO, Bigshare Services Pvt Ltd is the registrar. Hem Securities Limited serves as the book running lead manager. Additionally, Hem Finlease acts as the market maker for this IPO.

Company Financials

Shri Balaji Valve Component Limited witnessed a remarkable surge in its Profit After Tax (PAT), marking a significant increase of 319 percent. Alongside this impressive growth, its revenue also experienced a substantial rise of 61 percent, both ending on March 31, 2023.

Disclaimer: The information provided in this blog post is for informational purposes only and should not be construed as investment or trading advice. The author is not a financial advisor and does not have any professional qualifications in this area. The author does not guarantee the accuracy or completeness of the information provided. Any action you take based on the information in this blog post is done at your own risk. Please consult with a financial advisor before making any investment decisions.