Shri Balaji Valve Components Limited is set to finalize the allotment of shares for its IPO on Monday, January 1. The IPO has garnered significant attention from investors, witnessing an impressive subscription rate of 276.44 times.
If you have applied for the SME IPO, here is how you check your Balaji Valve Components IPO allotment status.
Checking Allotment Status on Registrar's Website:
Here is a step-by-step guide to checking Balaji Valve IPO allotment status
- Visit the registrar's website.
- Click on ‘Select Company' and choose ‘Shri Balaji Valve Components'.
- Input your PAN, application number, DP/Client ID, or Account number/IFSC.
- Enter the captcha.
- Click on submit.
Shri Balaji Valve Components IPO Overview: The robust subscription figures were driven by strong demand across categories, with the retail category subscribing 169.95 times, the qualified institutional buyers (QIB) category at 70.04 times, and the non-institutional investors (NII) category at astonishing 799.70 times.
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The IPO price band for Shri Balaji Valve Components was in the range of ₹95 to ₹100, and the lot size was 1,200 shares. Interested investors had the flexibility to bid for a minimum of 1,200 shares and in multiples thereof.
Shri Balaji Valve Components Limited specialises in the manufacturing of forged products and valve components, catering to a diverse range of valves such as butterfly valves, ball valves and other valve types.
Refund processes for investors who did not secure shares are set to commence on Tuesday, January 2. Simultaneously, the shares will be credited to the demat accounts of allottees on the same day.
Shri Balaji Valve Components shares are expected to make their debut on the BSE SME platform on Wednesday, January 3.
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