Shree Tirupati Balajee Agro Trading Company Limited
CORPORATE IDENTITY NUMBER: U25204MP2001PLC014855
Shree Tirupati Balajee Agro Trading Company Limited IPO is a book-built issue of Rs 169.65 crores. The issue combines a fresh issue of 1.48 Lakh Shares in exchange for Rs 122.43 crore and another offer of sale of 0.57 lakh shares aggregating Rs. 43.23 crore.
Shree Tirupati Balajee Agro Trading Company Limited IPO will be open to apply on September 5, 2024, and it will be closed on September 9, 2024, at 5:00 PM. The allotment of the Shree Tirupati Balajee Agro Trading Company Limited IPO (Initial public offering) is expected to be finalized on Tuesday, September 10, 2024. Shree Tirupati Balajee Agro Trading Company Limited IPO will be listed on the NSE BSE Segment with the subject (to) listing date fixed as Thursday, September 12, 2024. Refund for not-allotment is on Wednesday, September 11, 2024.
My Mudra Fincorp Limited’s price is set between ₹78 to ₹83 per share. The minimum lot size for retail investors is 80 Shares and the minimum amount is ₹14,940. The minimum lot size investment for sNII is 14 lots (2,520 shares), amounting to ₹209,160, and for bNII, it is 67 lots (12,060 shares), amounting to ₹1,000,980.
For more detailed information about Shree Tirupati Balajee Agro Trading Company Limited IPO, Read RHP.
Shree Tirupati Balajee IPO Details
| IPO Date | September 5, 2024 to September 9, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹78 to ₹83 per share |
| Lot Size | 180 Shares |
| Total Issue Size | 20,440,000 shares (aggregating up to ₹169.65 Cr) |
| Fresh Issue | 14,750,000 shares (aggregating up to ₹122.43 Cr) |
| Offer for Sale | 5,690,000 shares of ₹10 (aggregating up to ₹47.23 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 66,820,852 |
| Share holding post issue | 81,570,852 |
Shree Tirupati Balajee IPO Timeline (Tentative Schedule)
Shree Tirupati Balajee IPO opens on September 5, 2024, and closes on September 9, 2024.
| IPO Open Date | Thursday, September 5, 2024 |
| IPO Close Date | Monday, September 9, 2024 |
| Basis of Allotment | Tuesday, September 10, 2024 |
| Initiation of Refunds | Wednesday, September 11, 2024 |
| The credit of Shares to Demat | Wednesday, September 11, 2024 |
| Listing Date | Thursday, September 12, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 9, 2024 |
Shree Tirupati Balajee IPO Lot Size
Investors can bid for a minimum of 180 shares and in multiples thereof. The table below depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 180 | ₹14,940 |
| Retail (Max) | 13 | 2340 | ₹194,220 |
| S-HNI (Min) | 14 | 2,520 | ₹209,160 |
| S-HNI (Max) | 66 | 11,880 | ₹986,040 |
| B-HNI (Min) | 67 | 12,060 | ₹1,000,980 |
Shree Tirupati Balajee IPO Reservation
Shree Tirupati Balajee IPO offers 2,04,40,000 shares. 40,88,000 (20%) to QIB, 30,66,000 (15%) to NII, 71,54,000 (35%) to RII and 61,32,000 (30%) to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 61,32,000 (30%) | NA |
| QIB Shares Offered | 40,88,000 (20%) | NA |
| NII (HNI) Shares Offered | 30,66,000 (15%) | |
| bNII > ₹10L | 20,44,000 (10%) | 811 |
| sNII < ₹10L | 10,22,000 (5%) | 405 |
| Retail Shares Offered | 71,54,000 (35%) | 39,744 |
| Total Shares Offered | 2,04,40,000 (100%) |
Shree Tirupati Balajee IPO Promoter Holding
The promoter of the company is Binod Kumar Agarwal.
| Share Holding Pre Issue | 88.38% |
| Share Holding Post Issue | 65.42% |
Shree Tirupati Balajee IPO Anchor Investors Details
Shree Tirupati Balajee IPO raises Rs 50.90 crore from anchor investors. Shree Tirupati Balajee IPO Anchor bid date is September 4, 2024.
| Bid Date | September 4, 2024 |
| Shares Offered | 6,132,000 |
| Anchor Portion Size (In Cr.) | 50.90 |
| Anchor lock-in period end date for 50% shares (30 Days) | October 10, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | December 9, 2024 |
About Shree Tirupati Balajee Agro Trading Company Limited
Shree Tirupati Balajee Agro Trading Company Limited was established in October 2001. The company 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.
Shree Tirupati Balajee Agro Trading Company Limited gives bulk packaging solutions for different industries like chemicals, agrochemicals, food, mining, waste disposal, agriculture, lubricants, and edible oil.
The company runs through subsidiaries such as Honourable Packaging Private Limited (HPPL), Shree Tirupati Balajee FIBC Limited (STBFL), and Jagannath Plastics Private Limited (JPPL).
The company has a total of 5 manufacturing units. Units are certified with the following ISO
Unit 1: ISO 9001:2015
Unit 2: ISO 14001:2018
Unit 3: ISO 9001:2015
Unit 4: ISO 45001:2018
Unit 5: ISO 14001:2015
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).
In July 2024, the company has 857 department employees.
Shree Tirupati Balajee Agro Trading Company Limited Financial Information (Restated Consolidated)
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 | ||||||||||||||||||||||||||||||
Key Performance Indicator
The market capitalization of Shree Tirupati Balajee IPO is Rs 677.04 Cr.
KPI as of March 31, 2024.
| KPI | Values |
|---|---|
| ROE | 20.84% |
| ROCE | 16.29% |
| Debt/Equity | 1.41 |
| RoNW | 20.84% |
| P/BV | 3.01 |
| PAT Margin (%) | 6.53 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 5.4 | 4.42 |
| P/E (x) | 15.37 | 18.77 |
Objects of the Issue (Shree Tirupati Balajee IPO Objectives)
The company will use the money to utilize the net proceeds of the Fresh Issue to meet the following objectives:
- 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.
Shree Tirupati Balajee IPO Subscription Status (Bidding Detail)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 4.45 | 40,88,000 | 1,81,93,500 |
| NII | 3.78 | 30,66,000 | 1,15,80,480 |
| bNII (bids above ₹10L) | 3.02 | 20,44,000 | 61,73,820 |
| sNII (bids below ₹10L) | 5.29 | 10,22,000 | 54,06,660 |
| Retail | 7.46 | 71,54,000 | 5,33,92,500 |
| Total | 5.81 | 1,43,08,000 | 8,31,66,480 |
Total Application: 263,923
Shree Tirupati Balajee IPO Prospectus
- › Shree Tirupati Balajee IPO DRHP
- › Shree Tirupati Balajee IPO RHP
- › Anchor Investors in Shree Tirupati Balajee IPO
Shree Tirupati Balajee Agro Trading Company Limited 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/
Shree Tirupati Balajee IPO Registrar
Phone: +91-22-4918 6270
Email: shreetirupatibalajee.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
Shree Tirupati Balajee IPO – Buy or Not
Shree Tirupati Balajee IPO Recommendation Summary
| Review By | Subscribe | Neutral | Avoid |
|---|---|---|---|
| Brokers | 5 | 1 | 0 |
| Members | 0 | 1 | 1 |
Shree Tirupati Balajee Day-wise IPO GMP Trend
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Estimated Listing Price | Last Updated |
|---|---|---|---|---|---|
| 05-09-2024 Open | 83.00 | ₹30  |
4100/57400 | ₹113 (36.14%) | 5-Sep-2024 15:59 |
| 04-09-2024 | 83.00 | ₹25 |
3400/47600 | ₹108 (30.12%) | 4-Sep-2024 23:27 |
| 03-09-2024 | 83.00 | ₹16 |
2200/30800 | ₹99 (19.28%) | 3-Sep-2024 23:28 |
| 02-09-2024 | 83.00 | ₹8  |
1100/15400 | ₹91 (9.64%) | 2-Sep-2024 23:25 |
IPO grey market premium (GMP)
| IPO Activity | Date |
|---|---|
| IPO Open Date | 05-09-2024 |
| IPO Close Date | 09-09-2024 |
| Basis of Allotment Finalisation Date* |
10-09-2024 |
| Refunds Initiation* | 11-09-2024 |
| Credit of Shares to Demat Account* |
11-09-2024 |
| IPO Listing Date* | 12-09-2024 |
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