Shri Balaji Valve Component SME IPO Details and GMP

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.

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 Date29th Dec 2023
Closing Date3rd Jan 2024
Allocation Date4th Jan 2024
Refund Initiation Date5th Jan 2024
Demat Transfer Date5th Jan 2024
IPO Listing Date8th Jan 2024
Issue Price₹71- ₹75 Per Share
Lot Size1600 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 ReadKAY CEE ENERGY & INFRA SME IPO DETAILS AND GMP

Shri Balaji Valve Component SME IPO FINANCIAL INFO

Period31 Mar 202331 Mar 202231 Mar 2021
Total Assets140.6964.9332.76
Revenue632.1663.5833.28
Profit After Tax7.053.762.99
Total Borrowing32.1324.7610.70
Amount in ₹ Crore

SHRI BALAJI VALVE COMPONENT SME IPO GMP

DateIPO PriceGMEst. 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.

1 thought on “Shri Balaji Valve Component SME IPO Details and GMP”

Leave a Comment