Shri Balaji Valve IPO: The initial public offering (IPO) of Shri Balaji Valve shares started on December 27 and received strong demand from investors as the issue was subscribed more than 276 times. As the IPO bidding process is now over, investors look for the allotment of Shri Balaji Valve Components which is likely to be completed today.
Shri Balaji Valve Components IPO is an SME IPO which opened for subscription on December 27, 2023, and concluded on December 29, 2023. The allotment date of Shri Balaji Valve Components IPO is fixed on Monday, January 1, 2024. The shares will be listed on BSE SME, with a deadline of January 3.
Investors can check the IPO allotment status of Shri Balaji Valve on the BSE website and on the IPO registrar’s portal.
Shri Balaji Valve Components IPO registrar is Bigshare Services Pvt Ltd. Applicants of public issues can find out whether they have been issued shares and the number of shares received through the allocation basis.
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Applicants can check the Shri Balaji Valve Components IPO allotment status on the website of the IPO registrant, which is a Bigshare service by following the steps below.
Steps to Check Shri Balaji Valve IPO Allotment Status on Bigshare Services Website:
Step 2 – Select the company name “Shri Balaji Valve Components Limited” in the “Company Selection” dropbox.
Step 3 – Select one of the three options to check the status: Application No, Beneficiary Id or PAN.
Step 4 – Enter the details according to the chosen option.
Step 5 – Enter the Captcha code.
Step 6 – Click on the ‘Search’ button.
Your Shri Balaji Valve IPO allotment status will appear on the screen.
Shri Balaji Valve Components IPO allotment status can also be checked on BSE website.
Step 2 – Under ‘Issue Type’, select ‘Capital’
Step 3 – Select IPO from the drop-down options under ‘Issue Name’.
Step 4 – Enter PAN or Application Number.
Step 5 – Click on ‘I’m not a robot’ to confirm your identity, then press the ‘Submit’ button.
Shri Balaji Valve Components IPO Allotment Status to be seen.
Shri Balaji Valve Components ipo gmp today
Shri Balaji Valve Components IPO today, or popular in the gray market today, is ₹45 per share, according to market observers. This indicates that Shri Balaji Valve Components shares are trading higher by ₹45 pieces in the gray market than their IPO price.
This signals the Shri Balaji Valve Components IPO price to be approx ₹145 per share, which is in the value of 45% to the issue price ₹100 per share.
Shri Balaji Valve Components IPO Details
Shri Balaji Valve Components IPO opens for subscription on December 27 and closes on December 29. The IPO was well received by investors as it was subscribed 276.44 times in total. The public issue was subscribed 169.95 times in the retail category, 70.04 times in the qualified buyer (QIB) category and 799.70 times in the non-institutional investor (NII) category.
Yes ₹21.60 crore worth Shri Balaji Valve Components IPO is a fresh issue of 21.60 lakh shares and no offer for sale (OFS) components. The IPO price band is set at the level of ₹95 to ₹100 per share.
The company plans to use the proceeds of the issue for general corporate purposes, working capital needs, and capital expenditures for the installation of additional plant and machinery.
Shri Balaji Valve Components is a manufacturer of forged products in addition to valve components for butterfly, ball, and other types of valves.
The registrant for the Balaji Valve Component IPO is Bigshare Services Pvt Ltd, and the book-running manager is Hem Securities.
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