The IPO pricing range for Shri Balaji Valve Components is Rs 95–100 per share
The firm released a statement announcing that the issue would go on sale to the general public on December 27 and run until December 29.
The IPO pricing range for Shri Balaji Valve Components is Rs 95–100 per share.
Shree Balaji Valve Components, a manufacturer of steel goods, said on December 22 that it has determined a price range of Rs 95-100 per share for its initial public offering (IPO). The firm released a statement announcing that the issue would go on sale to the general public on December 27 and run until December 29.
It said that the 21.6 lakh equity shares in the public offering constitute a completely new issuance. The business wants to generate around Rs 21.60 crore from the public offering at the top end of the price range.
The company's shares are traded on the BSE-SME sector. Hem Securities Ltd. is the exclusive book-running lead manager for the offering, while BigShare Services is the IPO registrar.
The issue's proceeds will be used for general company purposes, working capital needs, and financing capital expenditures for the installation of new facilities and equipment. Shree Balaji Valve Components, situated in Pune, produces valve components for the power, building, oil and gas, and pharmaceutical sectors.
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