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SME IPO Status: Listed [27th Dec 2023 to 29th Dec 2023]
Balaji Valve Component IPO, a SME IPO of ₹21.60 Cr was launced on 27-12-2023 to 29-12-2023 and the shares got listed on BSE SME on 03-01-2024.
The public issue of Balaji Valve Component IPO (544074) was offered at ₹100.00 per share and the ipo was listed at ₹190. It has delivered listing gain of 90.00%.
As the minimum lot size was 1200 shares, the IPO has offered Rs 108000 per lot return on listing.
| SME IPO Issue Opening Date: | 27th Dec 2023 |
| SME IPO Issue Closing Date: | 29th Dec 2023 |
| SME IPO Issue Price: | ₹95.00-100.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | BSE SME |
| Retail Quota: | Not less than 35% of the Net Issue |
| SME IPO Issue Type: | Book Build Issue |
| SME IPO Issue Size: | ₹21.60 Cr |
| Fresh Issue: | ₹21.60 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 100% |
| Promoter Holding Post IPO: | 73.53% |
| Allotment Status: | Allotment Status |
| BSE Code: | 544074 |
Get important updates regarding Balaji Valve Component SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 1st Jan 2024 |
| Refunds Initiation* | 2nd Jan 2024 |
| Credit of Shares to Demat* | 2nd Jan 2024 |
| SME IPO Listing Date* | 3rd Jan 2024 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹95.00-100.00 |
| Market Lot: | 1200 Shares |
| 1 Lot Amount: | ₹120000 |
| Min HNI Lots: | 2400 shares (2 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 03-01-2024 | 100.00 | 51 | -- | ₹151 (51%) | 3-Jan-2024 6:03 |
Zerodha Trade@20
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Shri Balaji Valve Components Limited Company was originally incorporated in November 2011. The company is engaged in manufacturing ready to assemble valve components for manufacturing valves used in various industries and in various sizes as per customer specifications. They produce and supply various types of valve components for the manufacture of ball valves, butterfly valves and other valves, including forged products. The valve components are used for manufacturing valves that are used in various industries.
The manufacturing facility in Bhosari, Pune, is equipped with a forging plant with a hammer of up to 1.5 tonnes, an oil-fired furnace, a trimming press, a heat treatment furnace, etc., which can be used for functions such as annealing, hardening, tempering and normalising, besides manufacturing forgings.
The company is very quality-conscious and constantly strives to maintain the desired level of quality, from the receipt of the raw material through the manufacturing process to the packaging and storage phase. At the various levels of production, constant checks are made to ensure that the product meets the customer's quality standards and specifications. Discussions are also held with customers to understand the design specifications from the tender to the production phase and to ensure that the valve components meet the customer’s requirements.
| Incorporation | Sector | IPO Issue Size | Website |
| 2011 | Manufacturing (Machinery & Equipments) | ₹21.60 Cr | https://www.balajivalvecomponents.com/ |
The company intend to utilize the proceeds of the Issue to meet the following objectives: -
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 409,200 (28.56%) | 307,200 (21.44%) | 716,400 (50%) | 1,432,800 | |
| 1 | 27th Dec 2023 19:04 | 4.96x | 0.89x | 2.02x | 2.62x |
| 2 | 28th Dec 2023 19:04 | 6.20x | 18.29x | 16.15x | 13.77x |
| 3 | 29th Dec 2023 19:04 | 70.04x | 799.70x | 169.95x | 276.44x |
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 | ||||
Last Updated on 07-Jan-2024 06:02:44
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Balaji Valve Component SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Balaji Valve Component SME IPO with Zerodha.
Alternate approch to apply in Balaji Valve Component SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Balaji Valve Component SME IPO Review and Important Updates
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To subscribe or apply in Balaji Valve Component SME IPO, you can use the following methods:
| Balaji Valve Component SME IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Balaji Valve Component SME IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Balaji Valve Component SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Balaji Valve Component SME IPO. Most of the Syndicate Banks provide access to apply in Balaji Valve Component IPO via ASBA process. You must have your net banking access, DP ID information to apply in Balaji Valve Component SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Balaji Valve Component SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Balaji Valve Component SME IPO Review and Important Updates
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Balaji Valve Component SME IPO is going to be list on 03-01-2024. BSE Code for Balaji Valve Component is 544074.
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Balaji Valve Component SME IPO Allotment Date is 01-01-2024.
Other relevant questions:
Balaji Valve Component SME IPO share allotment date?Balaji Valve Component SME IPO allotment date?
