Shree Tirupati Balajee IPO Details

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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

Listing Price : ₹90 at a Premium of 8.43%

Open Date

05 Sep 2024

Close Date

09 Sep 2024

Listing Date

12 Sep 2024

Issue Price

₹78 - ₹83

Face Value

₹10 per share

Lot Size

180

GMP

₹27 (32.53%)

Issue Type

IPO

Listing On

NSE, BSE

Type

Book Built Issue

Share holding pre issue

66820852

Share holding post issue

81570852

Total Issue Size

2,04,40,000 shares (aggregating up to ₹169.65 Cr)

Fresh Issue

1,47,50,000 shares (aggregating up to ₹122.43 Cr)

Offer for Sale

56,90,000 shares (aggregating up to ₹47.23 Cr)

Shree Tirupati Balajee IPO Subscription

Shree Tirupati Balajee IPO Application Wise Breakup (Approx)

Shree Tirupati Balajee IPO Dates

05 Sep 2024
Opening dateOpen
09 Sep 2024
Closing dateClose
10 Sep 2024
Allotment Date Allotment
11 Sep 2024
Initiation of RefundsRefund
11 Sep 2024
Credit of SharesCredit
12 Sep 2024
Listing 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

Pre Issue:88.38%

Post Issue:65.42%

Promoter Names:

Binod Kumar Agarwal

Documents

› Shree Tirupati Balajee IPO DRHP

› Shree Tirupati Balajee IPO RHP

› Anchor Investors in Shree Tirupati Balajee IPO

› Shree Tirupati Balajee IPO BOA

Shree Tirupati Balajee IPO Valuations

ROE:20.84%

ROCE:16.29%

Debt/Equity:1.41

RoNW:20.84%

P/BV:3.01

PAT Margin (%):6.53

EPS Pre IPO:5.4

EPS Post IPO:4.42

P/E Pre IPO:15.37

P/E Post IPO:18.77

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

To be announced

Risk Of Shree Tirupati Balajee IPO

To be announced

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/