Shri Balaji Valve Components Limited IPO
Shri Balaji Valve Components Limited, an ISO 9001-2015 certified company, specializes in the manufacturing of ready-to-assemble valve components. These components play a crucial role in the production of various valves used across different industries, tailored to the specifications of a diverse clientele. The company operates in the forging industry, delivering high-quality valve components for ball valves, butterfly valves, and other types, including forging products.
Manufacturing Process: The company engages in the machining of components, providing “Ready to Assemble” valve components customized according to customer designs and specifications. Operations span two manufacturing facilities in Pune, Maharashtra. The Bhosari facility is equipped with forging and heat treatment capabilities, while the Chakan MIDC facility focuses on machining.
Product Range: Valve components are integral to industries across sectors, and the company ensures adherence to quality standards. Components are crafted using forging, bar routing, and casting methods, depending on manufacturing plans, customer requirements, material complexity, and component design.
Company History: Incorporated in 2011, Shri Balaji Valve Components Limited has a rich history. The promoter, Laxmikant Sadashiv Kole, commenced valve component manufacturing in 1992 through a proprietary concern. Over the years, operations expanded, and in 2021, assets and liabilities from multiple proprietary concerns were transferred to Shri Balaji Valve Components Limited.
Infrastructure: Manufacturing facilities are well-equipped. The Bhosari plant features a forging plant with capabilities such as a 1.5 metric tonne hammer, oil-fired furnace, and heat treatment capabilities. The Chakan MIDC facility has a range of machines for machining and is a two-floored shop with modern equipment.
Quality Assurance: The company prioritizes quality at every stage, conducting thorough checks from raw material intake to manufacturing, packaging, and storage. Commitment to quality is reflected in ISO 9001:2015 certification, ensuring that forged and heat-treated components meet stringent standards.
Experience and Expertise: Promoters, Laxmikant Sadashiv Kole, Madhuri Laxmikant Kole, and Shrinivas Laxmikant Kole, collectively bring decades of experience to the valve components industry. Their vision and industry knowledge have been instrumental in the company’s growth.
Market Presence: The company is quality-conscious and engages in continuous improvement efforts. Products have gained international recognition, with exports to countries such as Dubai, Germany, Singapore, Taiwan, Italy, South Africa, USA, the United Kingdom, Qatar, and Pennsylvania.
Financial Performance: The company has experienced substantial growth, with revenue increasing from Rs. 1607.11 lakhs in Fiscal 2021 to Rs. 6232.33 lakhs in Fiscal 2023. Similarly, restated profit after tax has grown from a loss of Rs. 3.22 lakhs in Fiscal 2021 to a profit of Rs. 647.60 lakhs in Fiscal 2023. This growth is attributed to the company’s ability to understand customer needs and deliver products of optimal design and specifications.
Objects of the Shri Balaji Valve Components Limited IPO:
Shri Balaji Valve Components Limited IPO Details:
Open Date: | Dec 27 2023 |
Close Date: | Dec 29 2023 |
Total Shares: | 2,160,000 |
Face Value: | ₹ 10 Per Equity Share |
Issue Type: | Book Built Issue IPO |
Issue Size: | 21.60 Cr. |
Lot Size: | 1200 Shares |
Issue Price: | ₹ 95 - 100 Per Equity Share |
Listing At: | BSE SME |
Listing Date: | Jan 03 2024 |
Promoters And Management:
Financials of Shri Balaji Valve Components Limited IPO:
Particulars ( In Lakhs ) |
2021 |
2022 |
2023 |
3M-FY24 |
Revenue from Operations | 1,615 | 3,885 | 6,227 | 1,652 |
Other Income | 2 | 21 | 67 | 3 |
Total Revenue | 1,616 | 3,906 | 6,294 | 1,655 |
Cost of materials consumed | 1,146 | 2,608 | 3,883 | 880 |
Change in Inventorie | -171 | -200 | -187 | 68 |
Employee benefits expenses | 374 | 827 | 1,010 | 271 |
Other Expenses | 215 | 366 | 398 | 102 |
EBITDA | 52 | 305 | 1,189 | 333 |
Depreciation & Amortisation | 28 | 53 | 191 | 50 |
Finance Cost | 26 | 42 | 136 | 36 |
EBIT | 24 | 251 | 998 | 284 |
OPM (%) | 3.22% | 7.81% | 18.89% | 20.13% |
PBT | -1 | 209 | 862 | 248 |
Tax | 2 | 56 | 219 | 63 |
PAT | -3 | 153 | 643 | 185 |
NPM (%) | -0.20% | 3.93% | 10.22% | 11.17% |
No.of Shares | 81.60 | 81.60 | 81.60 | 81.60 |
EPS | -0.03 | 1.88 | 7.88 | 2.26 |
Comparison With Peers:
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