Founded in November 2011, Shri Balaji Valve Components Ltd. produces valve components for ball valves, butterfly valves and other valves, including forged products.
The company produces various valve components such as balls, spindles, valve bodies, ports, trunnions, flanges, housings, rings, shafts, hoods, discs and sleeves. These components are used in various types of valves such as ball valves, butterfly valves, control valves, gate valves and check valves.
The company has two manufacturing facilities in Pune, Maharashtra. These plants have machinery and facilities for forging, heating and machining materials. One plant in Bhosari, Pune, is equipped for forging and heat treatment. The other plant in Chakan MIDC, Bhamboli, Pune, is responsible for machining.
The company offers a wide range of products, enabling it to serve a large customer base across India. In addition, the company has expanded its reach to international locations such as Dubai, Germany, Singapore, Taiwan, Italy, South Africa, the US, the UK, Qatar and Pennsylvania.
As of June 30, 2023, the company has 168 employees. When additional help is needed for the factories, the company hires contract labour.
| Purpose | Amount (₹ Cr) |
|---|---|
| Funding Capital Expenditure towards the installation of additional plant and machinery.; | — |
| To meet working capital requirements; | — |
| To meet working capital requirements; | — |
| Metric | 30 Jun 2023 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Total Assets | 312,022 | 5,023 | 3,973 |
| Revenue | 1,655 | 6,294 | 3,906 |
| PAT | 185 | 643 | 153 |
| Net Worth | 976 | 789 | 145 |
| Reserves | 377 | 791 | 148 |
| Total Borrowing | 2,879 | 2,878 | 2,800 |
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| QIB | — | 1,022,400 (47%) | — |
| NII / HNI | — | 307,200 (14%) | — |
| Retail (RII) | — | 716,400 (33%) | — |
| Market Maker | — | 114,000 (5%) | — |
| Total | — | 2,160,000 (100%) | — |
* Amount calculated at upper price band (₹100) · ** Total includes all investor categories
- 1 Initiation of Refund 02 Jan 2024
- 2 Credit of Shares to Demat 02 Jan 2024
- Retail allocation is good at 33% of the total offering.
- HNI/NII demand is good at 14%.
- Institutional (QIB) interest is strong at 47%.
- The IPO P/E of 11x reflects a strong valuation relative to typical market ranges.
- Pre-issue EPS of ₹11.
This IPO shows moderate investor interest. Review financial details and compare valuation with industry peers before investing.
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