Here is a full brief of Shri Balaji Valve Component SME IPO Details and GMP. Keep visiting daily for important dates and Daily GMPs. You can bid for this IPO between 27th Dec 2023 to 29th Dec 2023. You can apply through a minimum amount of ₹120000, 2000 shares (1 Lot) and between the price range of ₹95 to ₹100.
Table of Contents
COMPANY OVERVIEW
Shri Balaji Valve Component Ltd was established in 2011. Before its incorporation, the company’s promoter, Laxmikant Sadashiv Kole, had started a business of manufacturing machined and valve components through his proprietary concern, M/s Balaji Enterprises, in 1992.
In 2003, Madhuri Laxmikant Kole established M/s Shrinivas Engineering as a proprietary concern to engage in similar business and allied activities. In 2021, the promoters decided to transfer all assets and liabilities from both proprietary concerns, M/s Balaji Enterprises and M/s Shrinivas Engineering, to the company to achieve synergy benefits through consolidation.
The company has a manufacturing facility in Bhosari, Pune, equipped with a forging plant and other equipment for manufacturing forging components. They established a second manufacturing unit in Chakan MIDC, Bhamboli, Pune, equipped with various machines like air compressors, ball grinding machines, and CNC machines.
Promotors
The promoters of the company are Laxmikant Sadashiv Kole, Madhuri Laxmikant Kole, and Shrinivas Laxmikant.
THE ISSUE
The company is offering 21,60,000 fresh equity shares.
IPO Issue Size – ₹21.60 Cr
Minimum Investment – ₹120000
Shri Balaji Valve Component SME IPO IMPORTANT DATES
| Opening Date | 29th Dec 2023 |
| Closing Date | 3rd Jan 2024 |
| Allocation Date | 4th Jan 2024 |
| Refund Initiation Date | 5th Jan 2024 |
| Demat Transfer Date | 5th Jan 2024 |
| IPO Listing Date | 8th Jan 2024 |
| Issue Price | ₹71- ₹75 Per Share |
| Lot Size | 1600 shares |
| Face Value | ₹10 Per Share |
PURPOSE OF THE IPO
The company is required to use funds for the following reasons:
- Funding Capital Expenditure towards the installation of additional plant and machinery;
- working capital requirements;
- General Corporate Purpose.
Also Read: KAY CEE ENERGY & INFRA SME IPO DETAILS AND GMP
Shri Balaji Valve Component SME IPO FINANCIAL INFO
| Period | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|
| Total Assets | 140.69 | 64.93 | 32.76 |
| Revenue | 632.16 | 63.58 | 33.28 |
| Profit After Tax | 7.05 | 3.76 | 2.99 |
| Total Borrowing | 32.13 | 24.76 | 10.70 |
SHRI BALAJI VALVE COMPONENT SME IPO GMP
| Date | IPO Price | GM | Est. Listing Price |
|---|---|---|---|
| 1-Jan-2023 | ₹75 | ₹60 | ₹135 |
| 31-Dec-2023 | ₹75 | ₹55 | ₹130 |
| 30-Dec-2023 | ₹75 | ₹55 | ₹130 |
| 29-Dec-2023 | ₹75 | ₹50 | ₹125 |
| 28-Dec-2023 | ₹75 | ₹35 | ₹110 |
| 27-Dec-2023 | ₹75 | ₹30 | ₹105 |
The prices shown here are for informational purposes only. We do not deal in grey market transactions, provide sub2 rates, or recommend trading in the grey market.
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