Shri Balaji Valve Components Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Shri Balaji

CMP

267.00

-1.30 (-0.48%)

  • DRHP
₹100

Offer Price

₹ 21.60 Cr

Issue Size

₹ 1,20,000

Min Investment

1,200

Lot size

Time Line

  • 27
    Dec 2023
    Open
  • 29
    Dec 2023
    Close
  • 01
    Jan 2024
    Finalisation of Basis of Allotment
  • 02
    Jan 2024
    Initiation of Refunds
  • 02
    Jan 2024
    Transfer of Shares to Demat Account
  • 03
    Jan 2024
    Listing Date

Shares Offered

Number of Times Subscribed

Objects of the Offer

  • Continue to invest in its manufacturing capabilities.

  • Expanding customer base and deepen key customer relationships.

  • Focus on consistently meeting customer specifications` & quality standards.

  • Deepen and expand its geographical presence.

  • Focus on increasing operational efficiencies to improve returns.

Products & Services

  • The Company is engaged in the business of manufacturing of ready to assemble valve components catering to manufacturing of the valves.

Strengths

  • Integrated manufacturing capabilities.

  • Experienced Management team.

  • Diversified range of products.

  • Long Standing Relationship with key Customers & Suppliers.

  • Quality Assurance and Standards.

Risks

  • The company has a history of net losses in one of the year out of the last 3 financial years and any losses or its inability to achieve profitability may have an adverse effect on the company operations.

  • The business in the Company has been started post the purchase of assets and liabilities from the M/s Balaji Enterprises and M/s Shrinivas Engineering (Proprietorship firm of its Promoters) thus the company have limited operating history as a Company which may make it difficult for investors to evaluate its historical performance or future prospects.

  • Any increase in the cost of its raw material or other purchases or a shortfall in the supply of its raw materials, may adversely affect the pricing and supply of the company products and have an adverse effect on its business, results of operations and financial condition.

  • Its top five customers contribute majority of its revenues from operations. Any loss of business from one or more of them may adversely affect the company revenues and profitability.

  • The company is planning to expand its operations at its new plant constructed at Chakan Industrial area (Pune). Further, its propose to shift the existing forging facility to the said new plant. the company may face business or financial challenges which may adversely affect its profitability and results of operations.

Company Promoters

Promoters Holding

Issue For IPO
26.47%
Pre Holding

100.00%

Post Holding

73.53%

Top Promoters Holding

Financials

All values in Cr

Mar-2021 Mar-2022 Mar-2023 3-Yr trend
Revenue 16.15 (-) 38.85 (140.60%) 62.27 (60.30%)
Gross Profit 16.15 (-) 38.85 (140.60%) 62.27 (60.30%)
Net Income 16.15 (-) 38.85 (140.60%) 62.27 (60.30%)
Assets 16.15 (-) 38.85 (140.60%) 62.27 (60.30%)
Liabilities 16.15 (-) 38.85 (140.60%) 62.27 (60.30%)

Book Running Managers

  • Hem Securities Ltd

Registrar & Transfer Agent

Bigshare Services Pvt Ltd

Office No 56-2,
Pinnacle Busine.Park,
Mahakali Caves Road - Mumbai - 400093
Phone : 91-22-62638200 Fax: 91-22-63638299

Company Contact Information

Plot # PAP B 31 Chakan MIDC,
PH 2 Khed Bhamboli,
Pune - 410501
Phone : +91 97655 65409 Email : info@balajivalvecomponents.com www.balajivalvecomponents.com

Offer Related Information

Initial public offer of 21,60,000* equity shares of face value of Rs. 10/- each (the "Equity Shares") of Shri Balaji Valve Components Limited ("The Company" or "SBVCL" or "The Issue") at an issue price of Rs. 100 per equity share for cash, aggregating up to Rs. 21.60 crores ("Public Issue") out of which 114,000 equity shares of face value of Rs. 10 each, at an issue price of Rs. 100 per equity share for cash, aggregating Rs. 1.14 crores will be reserved for subscription by the market maker to... More

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