The Shree Tirupati Balajee Agro Trading IPO is set to open on September 5 and will close on September 9, 2024. The company aims to raise ₹169.65 crores through a Book Built Issue, which includes a fresh issue of ₹122.43 crores, as well as an offer for sale of 5,690,000 equity shares. Moreover, the price band is between ₹78 and ₹83 per share. Notably, the allocation is divided into 35% for retail investors, 50% for QIB, and 15% for HNI.
Table of contents
- Shree Tirupati Balajee IPO Overview
- Company Details
- Key Dates
- Financials (₹ in Crores)
- IPO Lot Size
- The objective of the Issue
- Company Promoters
- Shree Tirupati Balajee IPO GMP (Grey Market Premium)
- Shree Tirupati Balajee IPO Application Form PDF
- Shree Tirupati Balajee IPO Subscription Status
- Shree Tirupati Balajee IPO Allotment Status
- IPO Review
- Shree Tirupati Balajee IPO Registrar
- Shree Tirupati Balajee IPO Lead Manager
- Shree Tirupati Balajee Limited Contact
- FAQs
Shree Tirupati Balajee IPO Overview
| Overview Points | Description |
|---|---|
| Company Name | Shree Tirupati Balajee Agro Trading Company Limited |
| Industry | PP woven Products |
| IPO Issue Type | Book Built Issue |
| Open Date | September 05, 2024 |
| Close Date | September 09, 2024 |
| Total Issue Size | ₹169.65 Crores(20,440,000 Equity Shares) |
| Face Value | ₹10 Per Equity Share |
| Fresh Issue | ₹122.43 Crores(14,750,000 Equity Shares) |
| Price Band | ₹78 to ₹83 Per Share |
| Listing on | BSE & NSE |
| Lot Size | 180 shares |
| Offer for Sale | ₹47.23 Crores(5,690,000 Equity Shares) |
| Shares Offered to Retail | 35% |
| Shares Offered to QIB | 50% |
| Shares Offered to HNI | 15% |
Company Details
Shree Tirupati Balajee Agro Trading Company Limited (STB) is not only a leading producer but also a prominent retailer of Flexible Intermediate Bulk Containers (FIBC) in India. Furthermore, it is recognized for its rapid expansion as a global exporter. The company specializes in various types of FIBC bags, woven bags, and container liners, catering to industries such as food, chemicals, and minerals.
With more than 20 years of experience, STB remains committed to providing high-quality products to customers worldwide. Additionally, the company holds a patent for its innovative fabric, “Aeropolymesh.” It also operates through its subsidiaries, including Honourable Packaging Private Limited, Shree Tirupati Balajee FIBC Limited, and Jagannath Plastics Private Limited.
Key Dates
| Events | Date |
|---|---|
| IPO Open Date | September 5, 2024 |
| IPO Close Date | September 9, 2024 |
| Basis of Allotment | September 10, 2024 |
| Refunds | September 11, 2024 |
| Credit to Demat Account | September 11, 2024 |
| IPO Listing Date | September 12, 2024 |
Financials (₹ in Crores)
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | ₹516.94 | ₹392.46 | ₹391.89 |
| Revenue | ₹552.82 | ₹478.14 | ₹453.79 |
| Profit After Tax | ₹36.07 | ₹20.72 | ₹13.66 |
| Net Worth | ₹173.07 | ₹110.21 | ₹92.23 |
| Reserves and Surplus | ₹106.24 | ₹109.05 | N/A |
| Total Borrowing | ₹243.69 | ₹223.81 | ₹240.06 |
IPO Lot Size
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 180 | ₹14,940 |
| Retail (Max) | 13 | 2340 | ₹194,220 |
| S-HNI (Min) | 14 | 2,520 | ₹209,160 |
| B-HNI (Min) | 67 | 12,060 | ₹1,000,980 |
The objective of the Issue
- Repayment or prepayment, either in full or in part, of certain outstanding borrowings of the Company.
- Additionally, investments in subsidiaries HPPL, STBFL, and JPPL will be made to repay or prepay their outstanding borrowings.
- Moreover, the funds will be used to meet the company’s incremental working capital needs.
- Furthermore, investments in subsidiaries HPPL, STBFL, and JPPL will support their working capital requirements.
- Lastly, the funds will be utilized for general corporate purposes.
Company Promoters
- Mr. Binod Kumar Agarwal
Shree Tirupati Balajee IPO GMP (Grey Market Premium)
Curious about the latest Grey Market Premium (GMP) for the Namo Shree Tirupati Balajee IPO? Look no further! Visit our dedicated IPO GMP section where we keep you in the loop with daily updates on all IPOs, including Shree Tirupati Balajee Agro Trading Limited. Additionally, stay ahead of the game with real-time GMP insights that can help you make informed investment decisions. Whether you’re a seasoned investor or just getting started, our updates have got you covered!
Shree Tirupati Balajee IPO Application Form PDF
To download the Shree Tirupati Balajee IPO application form, simply check out the IPO Forms. Additionally, you can download the ASBA IPO Forms PDF.
Shree Tirupati Balajee IPO Subscription Status
This IPO subscription kicks off on September 5, 2024! Meanwhile, if you’re looking to stay updated with the latest subscription figures, head over to our IPO Subscription section for real-time data on all ongoing IPOs. Moreover, don’t miss out on the action—track the progress as it happens!
Shree Tirupati Balajee IPO Allotment Status
To check the Shree Tirupati Balajee IPO allotment status go to the IPO registrar website Link Intime or go to IPO Allotment.
To check allotment status. Firstly, follow the steps below:
- Firstly, go to the link given above.
- Secondly, select the company name.
- Then, enter your PAN Number, Beneficiary Number, Application Number, or CAF Number.
- Finally, submit the details to get the allotment status.
IPO Review
Strengths:
- Shree Tirupati serves industries such as chemicals, agriculture, and food with a broad FIBC product line, thus ensuring stable future revenue.
- Additionally, its modern facilities near Mumbai benefit from excellent access to ports and highways, which enhances distribution efficiency and reduces costs.
- Furthermore, the company holds ISO 9001:2015 and ISO 22000:2018 certifications, maintaining strict quality controls to ensure high standards and customer satisfaction.
- Moreover, with a capacity of 2,300 Mt/month and utilization at 2,200 Mt/month, the company demonstrates strong operational efficiency and significant growth potential.
Risks:
- As of September 30, 2023, the company faces contingent liabilities totaling ₹7,641.49 lakhs. Consequently, these liabilities could adversely affect its financial health.
- Additionally, failing to meet quality standards or adapt to technological changes could damage its reputation and financial performance.
- Moreover, the company is vulnerable to currency fluctuations, which could lead to financial losses and impact overall profitability.
- Finally, increasing global restrictions on plastic use could pose a serious threat to Shree Tirupati’s operations and market position.
Shree Tirupati Balajee IPO Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone: +91 810 811 4949
Email: shreetirupatibalajee.ipo@linkintime.co.in
Website: www.linkintime.co.in
Shree Tirupati Balajee IPO Lead Manager
UNISTONE CAPITAL PRIVATE LIMITED
A/305, Dynasty Business Park, Andheri Kurla Road,
Andheri East, Mumbai 400059, Maharashtra
Phone: +91 9820057533
Email: mb@unistonecapital.com
Website: www.unistonecapital.com
Shree Tirupati Balajee Limited Contact
SHREE TIRUPATI BALAJEE AGRO TRADING COMPANY LIMITED
E-34, H.I.G, Ravishankar Nagar, Near LIG Square,
Indore – 452 010 Madhya Pradesh, India
Phone: +91 731-4217400
Email: info@tirupatibalajee.net
Website: www.tirupatibalajee.net
FAQs
The IPO will open for subscription on September 5, 2024, for QIB, NII, and Retail Investors, and will close on September 9, 2024.
Specifically, the allocation is 50% for QIB, 15% for NII, and 35% for Retail investors.
You can apply online via ASBA through your bank account. Additionally, you can use UPI through your stock broker. Alternatively, you may also apply by filling out an offline form through your stock broker.
The issue size is ₹169.65 crores.
The price band is set between ₹78 and ₹83 per share.
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