Shree Tirupati Balajee IPO
GMP, Subscription, Price, Dates & Financial Details
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…
Open Date
Thu, 05 Sep 2024
Close Date
Mon, 09 Sep 2024
Price Band
₹ 78 – 83
Lot Size
180
Issue Size
₹ 169.65 Cr
Minimum Investment
₹ 14,940 (180 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Shree Tirupati Balajee IPO has successfully completed its IPO process and is now listed on the NSE and BSE. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹169.65 Crore, comprising a fresh issue of 1.48 Crore equity shares aggregating to ₹122.43 Crore and an offer for sale (OFS) of 56.90 Lakh equity shares aggregating to ₹47.23 Crore by the existing shareholders.
The Shree Tirupati Balajee IPO remained open for subscription from September 05, 2024, to September 09, 2024. The basis of allotment was finalized on September 10, 2024, and the company's shares were listed on the NSE and BSE on September 12, 2024.
The company had fixed the price band at ₹78 to ₹83 per share, with a lot size of 180 shares. Retail investors were required to make a minimum investment of ₹14,940 (based on the upper price band) to apply for one lot.
MUFG Intime India Private Limited served as the registrar to the issue. Pnb Investment Services Ltd, and Unistone Capital Pvt Ltd acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Shree Tirupati Balajee Agro Trading Company Limited is now a publicly listed company on the NSE and BSE. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Shree Tirupati Balajee IPO Timeline (Tentative)
- IPO Open Date
- Thu, 05 Sep 24
- IPO Close Date
- Mon, 09 Sep 24
- Basis of Allotment
- Tue, 10 Sep 24
- Initiation of Refunds
- Wed, 11 Sep 24
- Credit of Shares to Demat
- Wed, 11 Sep 24
- Listing Date
- Thu, 12 Sep 24 — NSE & BSE
Open Date
05 September 2024
Close Date
09 September 2024
Basis Of Allotment
10 September 2024
Listing Date
12 September 2024
IPO Subscription
Check Live Subscription →The Shree Tirupati Balajee IPO has received bids for 1,74,77,56,080 shares against 1,43,08,000 shares offered, resulting in an overall subscription of 122.15x. the NII category is subscribed 208.99x, Retail Investors 68.52x, and QIBs 150.87x. Within the NII category, BNII is subscribed 225.47x, while SNII is subscribed 176.04x.
QIB
150.87x
NII
208.99x
BNII
225.47x
SNII
176.04x
RII
68.52x
Total
122.15x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 71,54,000 shares, representing 35% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 40,88,000 shares (20%), while Non-Institutional Investors (NIIs) receive 30,66,000 shares (15%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Anchor Investors | 6,132,000 | 30% |
| Qualified Institutions | 4,088,000 | 20% |
| Non-Institutional | 3,066,000 | 15% |
| BNII | 2,044,000 | 10% |
| SNII | 1,022,000 | 5% |
| Retail Investors | 7,154,000 | 35% |
| Total | 20,440,000 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Shree Tirupati Balajee Agro Trading Company Limited KPI Information
| 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 |
Peers Comparison
No Peer Comparision Available
About Shree Tirupati Balajee Agro Trading Company Limited
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.
Shree Tirupati Balajee IPO Promoters
The promoter of the company is
- Binod Kumar Agarwal.
Promoters Holding
Holding Pre Issue
88.38%
Holding Post Issue
65.42%
Shree Tirupati Balajee IPO Objective
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.
Shree Tirupati Balajee Agro Trading Company Limited Address / Contact Details
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
Shree Tirupati Balajee IPO Lot Size
The Shree Tirupati Balajee IPO has a lot size of 180 shares. Retail investors require a minimum investment of ₹14,940 by applying for 1 lot (180 shares). The maximum application allowed for the retail category is 13 lots (2,340 shares), requiring an investment of ₹1,94,220.
| 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 |
Issue Reservation
- Anchor Investors — 30%
- QIB — 20%
- NII — 15%
- RII — 35%
Book Running Lead Managers
- Pnb Investment Services Ltd
- Unistone Capital Pvt Ltd
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Shree Tirupati Balajee IPO?
Shree Tirupati Balajee IPO is a Book-building IPO with a total issue size of ₹169.65 crore. The Shree Tirupati Balajee IPO price band is ₹78 to 83 per share. The Shree Tirupati Balajee IPO subscription opens on Thu, Sep 5, 2024, and closes on Mon, Sep 9, 2024. The Shree Tirupati Balajee IPO will be listed on the BSE,NSE. MUFG Intime India Private Limited is the registrar for the Shree Tirupati Balajee IPO.
When will the Shree Tirupati Balajee IPO open for subscription?
The Shree Tirupati Balajee IPO opens on Thu, Sep 5, 2024 and closes on Mon, Sep 9, 2024
What is Shree Tirupati Balajee IPO Price Band?
Shree Tirupati Balajee IPO Price Band is ₹78 to 83 per share.
What is Shree Tirupati Balajee IPO Lot Size?
Shree Tirupati Balajee IPO lot size is 180 shares, Retail investors need a minimum investment of ₹14940 based on the upper price band
What is the minimum investment for Shree Tirupati Balajee IPO?
The minimum investment for Shree Tirupati Balajee IPO is ₹14940, based on one lot of 180 shares at the upper price band of ₹83 per share.
How to apply for Shree Tirupati Balajee IPO?
Investors can apply for the Shree Tirupati Balajee IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Mon, Sep 9, 2024. The application amount remains blocked until the Shree Tirupati Balajee IPO allotment is finalized.
What is Shree Tirupati Balajee IPO Issue Size?
Shree Tirupati Balajee IPO issue size is ₹169.65 crores.
What is the Shree Tirupati Balajee IPO Allotment Date?
Shree Tirupati Balajee IPO allotment date is Tue, Sep 10, 2024.
Who is the Shree Tirupati Balajee IPO Registrar?
The registrar for Shree Tirupati Balajee IPO is MUFG Intime India Private Limited. Investors can go to MUFG Intime India Private Limited website to check Shree Tirupati Balajee IPO allotment status, refund processing, and other IPO-related information.
What is the Shree Tirupati Balajee IPO GMP?
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 9.64% over the issue price.
Who is the Shree Tirupati Balajee IPO Lead Manager?
The book-running lead managers (BRLMs) for the Shree Tirupati Balajee IPO are Pnb Investment Services Ltd, and Unistone Capital Pvt Ltd. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Shree Tirupati Balajee IPO Red Herring Prospectus (RHP).