Shree Tirupati Balajee IPO Details
Shree Tirupati Balajee IPO Summary
Shree Tirupati Balajee IPO opens for subscription on 05 Sep 2024 and closes on 09 Sep 2024.The IPO will be listed on NSE, BSE with the tentative listing date set for 12 Sep 2024.
Shree Tirupati Balajee IPO price band has been fixed at ₹78 – ₹83 per share. The face value is ₹10 per share with a lot size of 180.
Shree Tirupati Balajee IPO total issue size comprises 2,04,40,000 shares (aggregating up to ₹169.65 Cr). This includes a fresh issue of 1,47,50,000 shares (aggregating up to ₹122.43 Cr). Offer for Sale consists of 56,90,000 shares (aggregating up to ₹47.23 Cr). Pre-issue shareholding stands at 6,68,20,852, which will increase to 8,15,70,852 post-issue.
Shree Tirupati Balajee IPO carries a ₹27 (32.53%) GMP, reflecting investor sentiment.
Shree Tirupati Balajee IPO Lot Size :Retail Minimum is 1 lot (180 shares) amounting to ₹14,940. Retail Maximum is 13 lots (2,340 shares) amounting to ₹194,220. SHNI Minimum is 14 lots (2,520 shares) amounting to ₹209,160. SHNI Maximum is 66 lots (11,880 shares) amounting to ₹986,040. BHNI Minimum is 67 lots (12,060 shares) amounting to ₹1,000,980.
The Lead Managers for Shree Tirupati Balajee IPO are crucial for the offering's success. They are responsible for a wide range of tasks, including preparing the company for the public market, managing the regulatory filings, and marketing the IPO to potential investors. The lead manager for this offering is Pnb Investment Services Ltd, Unistone Capital Pvt Ltd. To assess their past performance and success in previous IPOs, you can view the Lead Manager Performance Summary report.
For detailed information, Refer to the Shree Tirupati Balajee Agro Trading Company Limited RHP.
Shree Tirupati Balajee IPO Details
Shree Tirupati Balajee IPO Subscription
Shree Tirupati Balajee IPO Application Wise Breakup (Approx)
Shree Tirupati Balajee IPO Dates
- 05 Sep 2024Opening dateOpen
- 09 Sep 2024Closing dateClose
- 10 Sep 2024Allotment Date Allotment
- 11 Sep 2024Initiation of RefundsRefund
- 11 Sep 2024Credit of SharesCredit
- 12 Sep 2024Listing dateListing
Shree Tirupati Balajee IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 180 | ₹14,940 |
| Retail Maximum | 13 | 2340 | ₹194,220 |
| SHNI Minimum | 14 | 2520 | ₹209,160 |
| SHNI Maximum | 66 | 11880 | ₹986,040 |
| BHNI Minimum | 67 | 12060 | ₹1,000,980 |
Shree Tirupati Balajee IPO Reservation
Promoter Holding
Documents
Shree Tirupati Balajee IPO Valuations
Shree Tirupati Balajee Financial Information
Shree Tirupati Balajee Agro Trading Company Limited's revenue increased by 16% and profit after tax (PAT) rose by 74% between the financial year ending with March 31, 2024 and March 31, 2023.
| 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 | ||||||||||||||||||||||||||||
| Total Borrowing | 243.69 | 223.81 | 240.06 | |||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||
About Shree Tirupati Balajee IPO
Established in October 2001, Shree Tirupati Balajee Agro Trading Company Limited manufactures and sells Flexible Intermediate Bulk Containers (FIBCs), i.e., large flexible bags, and other industrial packaging products such as woven sacks, woven fabric, narrow fabric, and tapes in the Indian domestic market and overseas.
The company offers customized products and caters to the bulk packaging needs of clients from various industries, including chemicals, agrochemicals, food, mining, waste disposal, agriculture, lubricants, and edible oil.
The company operates through subsidiaries such as Honourable Packaging Private Limited (HPPL), Shree Tirupati Balajee FIBC Limited (STBFL), and Jagannath Plastics Private Limited (JPPL).
The company operates five manufacturing units. Units I and II are certified with ISO 9001:2015 and ISO 14001:2018. Unit III is certified with ISO 9001:2015, ISO 45001:2018, ISO 14001:2015, ISO 14064-1:2018, and the SEDEX SMETA four-pillar. The company's certifications cover the production of Flexible Intermediate Bulk Containers (FIBC), Woven Sacks, and Fabrics of PP (Polypropylene) and HDPE (High-Density Polyethylene).
As of July 2024, the company has 857 department employees.
Strength Of Shree Tirupati Balajee IPO
Risk Of Shree Tirupati Balajee IPO
Objectives Shree Tirupati Balajee IPO
- Repayment and/or prepayment, in part or full, of certain of the outstanding borrowings availed by the Company.
- Investment in the subsidiaries HPPL, STBFL and JPPL for Repayment and/or prepayment, in part or whole, of certain outstanding borrowings availed
- Funding the incremental working capital requirements of the company;
- Investment in the subsidiaries HPPL, STBFL and JPPL for funding working capital requirements and
- General corporate purposes.
Company Contact Details
Shree Tirupati Balajee Agro Trading Company Limited
Plot No.192, Sector 1
Pithampur
Dhar - 454775
Phone: +917314217400
Email: info@tirupatibalajee.net
Website: https://www.tirupatibalajee.net/
Registrar Contact Details
Shree Tirupati Balajee FAQs
The Shree Tirupati Balajee IPO is a MAINBOARD public issue comprising 20440000 equity shares with a face value of ₹10 each, aggregating to a total issue size of ₹169.65 Cr. The issue price has been fixed at ₹83 per equity share, and the minimum application size is 180 shares.
The IPO opens for subscription on 05 Sep 2024, and closes on 09 Sep 2024.
MUFG Intime India Pvt Ltd has been appointed as the registrar to the issue. The equity shares are proposed to be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
As of now, the current GMP stands at ₹27 (32.53%).
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