The Shri Balaji Valve Components IPO commenced on December 27, 2023, and concluded on December 29, 2023. The allotment of shares took place on January 1, 2024, and the initiation of refunds began on January 2, 2024. The shares were credited to the demat accounts of investors on January 2, 2024. Finally, the listing of Shri Balaji Valve Components on the stock exchange occurred on January 3, 2024.
The Shri Balaji Valve Components IPO was priced at ₹95 to ₹100 per share, with a lot size of 1200 shares. The total issue size was ₹21.60 crores, comprising a fresh issue of ₹21.60 crores. The IPO was listed on the BSE SME.
In terms of quota reservations, the QIB (Qualified Institutional Buyers) quota was reserved for 18.94% of the shares, the NII (Non-Institutional Investors) quota was reserved for 14.22% of the shares, and the retail quota was reserved for 33.17% of the shares.
Shri Balaji Valve Components IPO Basic Details
| Company Name | Shri Balaji Valve Components Limited |
| Domain of Company | Manufacture Valve Components |
| Shri Balaji Valve IPO GMP Today | ₹30 |
| Shri Balaji Valve IPO Listing Gain | 30.00% |
| Shri Balaji Valve IPO Open Date | December 27, 2023 |
| Shri Balaji Valve IPO Close Date | December 29, 2023 |
| Shri Balaji Valve IPO Allotment Date | January 1, 2024 |
| Shri Balaji Valve IPO Listing Date | January 3, 2024 |
| Face Value | ₹10 per share |
| Price | ₹95 to ₹100 per share |
| Lot Size | 1200 Shares |
| Issue Size | 2,160,000 shares of ₹10 (aggregating up to ₹21.60 Cr) |
| Fresh Issue | 2,160,000 shares of ₹10 (aggregating up to ₹21.60 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Company Promoters | Laxmikant Sadashiv Kole, Madhuri Laxmikant Kole and Shrinivas Laxmikant Kole |
Shri Balaji Valve Components IPO GMP Today:
| Date | GMP | Listing Gain | Kostak | Subject to |
| Today | ₹30 | 30.00% | – | – |
| 28 December 2023 | ₹30 | 30.00% | – | – |
| 27 December 2023 | ₹30 | 30.00% | – | – |
| 26 December 2023 | ₹30 | 30.00% | – | – |
| 25 December 2023 | ₹30 | 30.00% | – | – |
Shri Balaji Valve IPO Details:
Shri Balaji Valve Components Ltd. started in November 2011. They make parts for different types of valves, like ball valves and butterfly valves. These parts are forged. The company has two plants in Pune, Maharashtra. One in Bhosari is for forging and heat treatment, while the other in Chakan MIDC, Bhamboli, is for machining.
The company makes various valve parts, such as balls, spindles, valve bodies, ports, trunnions, flanges, housings, rings, shafts, hoods, discs, and sleeves. These parts go into different valves, like ball valves, butterfly valves, control valves, gate valves, and check valves.
Their plants in Pune have machines for forging, heating, and machining materials. They sell their products in India and internationally in places like Dubai, Germany, Singapore, Taiwan, Italy, South Africa, the US, the UK, Qatar, and Pennsylvania.
By June 30, 2023, the company has 168 employees. When they need more workers for the plants, they hire temporary labor.
Shri Balaji Valve Components IPO More Details Click Here
Shri Balaji Valve Components IPO FAQs
When is Shri Balaji Valve Components IPO open?
Shri Balaji Valve Components IPO will open on 27 December 2023.
When is Shri Balaji Valve Components IPO Close?
Shri Balaji Valve Components IPO will be closed on 29 December 2023.
What is Shri Balaji Valve Components IPO GMP Today?
The Shri Balaji Valve Components IPO GMP aka Grey Market Premium is ₹30.
What is Shri Balaji Valve Components IPO Kostak Rates Today?
The Shri Balaji Valve Components IPO Kostak Rate is ₹000.
What is Shri Balaji Valve Components IPO Subject to Sauda Price Today?
The Shri Balaji Valve Components IPO subject to sauda rates is ₹000.
Shri Balaji Valve Components IPO Expected Returns?
The Shri Balaji Valve Components expected return is 30.00%.
How much will be the listing gain in Shri Balaji Valve Components IPO?
Shri Balaji Valve Components IPO will get listing gain of 30.00%. (Approx.)
