Shree Tirupati Balajee IPO
Open MainLineCurrent GMP
₹8 (+9.64%)
Price Band
₹ 78 – 83
Lot Size
180
Issue Size
₹169.65 Cr
Minimum Investment
₹14940 (180 Shares)
Listing Date
12 September 2024
Subscription
122.15x
About the Company
Shree Tirupati Balajee Agro Trading Company Ltd specialises in the manufacturing and supply of Flexible Intermediate Bulk Containers (FIBC), also known as Jumbo Bags.
Their product range includes various types of FIBC bags such as Type D static dissipative bags, Type C conductive bags, UN Certified bags for hazardous goods transportation, food-grade bags, and more. These bags are designed to handle loads ranging from 500 kg to 2,500 kg and are crucial in industries like construction, agriculture, and chemicals, among others.
The company operates two business divisions: Domestic Sales and Exports. Domestically, it has a presence across multiple Indian states including Telangana, Maharashtra, and Uttar Pradesh, reflecting a wide national footprint based on sales data from the current and previous financial years.
Internationally, Shree Tirupati Balajee Agro Trading is a significant exporter from India, reaching over 38 countries across six continents. Key export markets include Australia, the USA, Canada, and European countries like Sweden and Germany.
Promoters
The promoter of the company is
- Binod Kumar Agarwal.
Promoters Holding
Holding Pre Issue
88.38%
Holding Post Issue
65.42%
Objects of the Issue
The company plans to allocate the net proceeds from the issuance to the following purposes:
- Repayment and/or prepayment of some outstanding borrowings by our Company and its subsidiaries, Honourable Packaging Private Limited, Shree Tirupati Balajee FIBC Ltd., and Jagannath Plastics Pvt. Ltd.
- Funding the incremental working capital requirements of our Company; and
- General corporate purposes.
Address / Contact Info
Shree Tirupati Balajee Agro Trading Company Limited
Plot No.192, Sector 1
Pithampur
Dhar - 454775 Madhya Pradesh
Phone: +917314217400
Email: info@tirupatibalajee.net
Website: https://www.tirupatibalajee.net
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Thursday, 05 September 2024
IPO Close Date
Monday, 09 September 2024
Basis of Allotment
Tuesday, 10 September 2024
Initiation of Refunds
Wednesday, 11 September 2024
Credit of Shares to Demat
Wednesday, 11 September 2024
Listing Date
Thursday, 12 September 2024 — NSE & BSE
Important Dates
Open Date
05 September 2024
Close Date
09 September 2024
Basis Of Allotment
10 September 2024
Listing Date
12 September 2024
Financial Performance (₹ in Crores)
| Particular | 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 |
| Reserve & Surplus | 106.24 | 109.05 | 0 |
| Total Borrowings | 243.69 | 223.81 | 240.06 |
EPS Pre
5.40%
EPS Post
4.42%
P/E Pre
15.37
P/E (Post Issue)
18.77x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI as of March 31, 2024 |
|---|---|
| ROE % | 20.84 |
| ROCE % | 16.29 |
| Debt / Equity | 1.41 |
| RoNW % | 20.84 |
| PbW | 3.01 |
| Pat Margin % | 6.53 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Anchor Investors | 6132000 | 30 | 0 |
| Qualified Institutions | 4088000 | 20 | 0 |
| Non-Institutional | 3066000 | 15 | 0 |
| BNII | 2044000 | 10 | 811 |
| SNII | 1022000 | 5 | 405 |
| Retail Investors | 7154000 | 35 | 39744 |
| Total | 20440000 | 100 | 0 |
Subscription Status ( Mon, 09 Sep 24 11:11 AM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 4088000 | 616776120 | 150.87x |
| Non-Institutional | 3066000 | 640778400 | 208.99x |
| BNII | 2044000 | 460865340 | 225.47x |
| SNII | 1022000 | 179913060 | 176.04x |
| Retail Investors | 7154000 | 490201560 | 68.52x |
| Total | 14308000 | 1747756080 | 122.15x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 180 | 14,940.00 |
| Retail (Max) | 13 | 2,340 | 194,220.00 |
| S-HNI (Min) | 14 | 2,520 | 209,160.00 |
| S-HNI (Max) | 66 | 11,880 | 986,040.00 |
| B-HNI (Min) | 67 | 12,060 | 1,000,980.00 |
Registrar
MUFG Intime India Private Limited ((Link Intime)
91-22-4918 6270
ipo.helpdesk@in.mpms.mufg.com
https://in.mpms.mufg.com/home.html
Book Running Lead Managers
- Pnb Investment Services Ltd
- Unistone Capital Pvt Ltd
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Shree Tirupati Balajee IPO is a Book-building IPO worth ₹169.65 crores. The price band is ₹78 to 83 per share. The IPO opens on Thu, Sep 5, 2024 and closes on Mon, Sep 9, 2024. It will be listed on BSE and NSE. MUFG Intime India Private Limited ((Link Intime) is the registrar.
The Shree Tirupati Balajee IPO opens on Thu, Sep 5, 2024 and closes on Mon, Sep 9, 2024
Shree Tirupati Balajee IPO Price Band is ₹78 to 83.
Shree Tirupati Balajee IPO lot size is 180, and the minimum amount required for application is ₹14940.
The minimum investment for Shree Tirupati Balajee IPO is approximately ₹14940 based on the upper price band.
To apply for the Shree Tirupati Balajee IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Mon, Sep 9, 2024. After submission, funds are blocked until the basis of allotment of Shree Tirupati Balajee IPO is finalised.
Shree Tirupati Balajee IPO issue size is ₹169.65 crores.
Shree Tirupati Balajee IPO allotment date is Sat, Jun 27, 2026.
The registrar for Shree Tirupati Balajee IPO is MUFG Intime India Private Limited ((Link Intime). Investors can go to MUFG Intime India Private Limited ((Link Intime) website for IPO allotment status, refund processing, and other queries related to Shree Tirupati Balajee IPO through their official website or helpline.
The Shree Tirupati Balajee IPO GMP (Grey Market Premium) is ₹8 as of Thu, Sep 12, 2024. Based on the upper price band of ₹83 per share, the estimated Shree Tirupati Balajee IPO listing price is ₹91, indicating a potential listing gain of approximately 31% over the issue price.