Shree Tirupati Balajee IPO will open for subscription from 05 September 2024. The company aims for an issue size of ₹169.65 Cr through this IPO.
Company Overview
| Full name | Shree Tirupati Balajee Limited |
| Sector | Plastic Products |
| Industry | Plastic Products |
| Company Website | https://www.tirupatibalajee.net/ |
About Company
Shree Tirupati Balajee Agro Trading manufactures and sells Flexible Intermediate Bulk Containers (FIBCs), large flexible bags, and other industrial packaging products such as woven sacks, woven fabric, narrow fabric, and tapes. The company caters to the Indian domestic market and overseas, offering customized bulk packaging solutions to clients in diverse industries, including chemicals, agrochemicals, food, mining, waste disposal, agriculture, lubricants, and edible oil.
Shree Tirupati Balajee Agro Trading operates out of five manufacturing units located in Indore, Madhya Pradesh, with an installed extruder capacity of 2,300 MT per month, and its utilized capacity of 2,200 MT per month. The FIBCs produced by the company accommodate loads ranging from 500 kg to 2,500 kg. The company manages its business through its subsidiaries: Honourable Packaging Private Limited (HPPL), Shree Tirupati Balajee FIBC Limited (STBFL), and Jagannath Plastics Private Limited (JPPL). The company exports its products to over 38 countries across six continents. Major export destinations include the USA, Germany, Australia, the UK, Singapore, Canada, France, New Zealand, Chile, Sweden, Switzerland, Spain, and Malaysia.
The Objectives of the Issue
- 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 Timetable
| IPO Opening date | 05 September 2024 |
| IPO Closing | 09 September 2024 |
| Basis of Allotment | 10 September 2024 |
| Initiation Refund | 11 September 2024 |
| Credit to Demat Account | 11 September 2024 |
| Listing Date | 12 September 2024 |
Shree Tirupati Balajee IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹169.65 Cr – 20,440,000 shares |
| Fresh Issue | ₹122.43 Cr – 14,750,000 shares |
| Offer for sale | ₹47.23 Cr – 5,690,000 shares |
| Face value | ₹10 per share |
| Price Band | ₹78 to ₹83 per share |
| Lot size | 180 Shares |
| Shareholding pre-issue | 66,820,852 |
| Shareholding post-issue | 81,570,852 |
| Listing Exchange | BSE & NSE |
Shree Tirupati Balajee IPO Lot Size
| 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 Offer Documents
Shree Tirupati Balajee IPO Reservation Details
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 61,32,000 (30%) |
| QIB Shares Offered | 40,88,000 (20%) |
| NII (HNI) Shares Offered | 30,66,000 (15%) |
| bNII > ₹10L | 20,44,000 (10%) |
| sNII < ₹10L | 10,22,000 (5%) |
| Retail Shares Offered | 71,54,000 (35%) |
| Total Shares Offered | 2,04,40,000 (100%) |
Shree Tirupati Balajee Financial Performance
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | |
| Revenue | 343.76 | 444.18 | 475.43 | 539.66 |
| Expenses | 333.20 | 436.45 | 451.03 | 505.38 |
| Net income | 12.03 | 13.66 | 20.72 | 36.07 |
| Margin (%) | 3.50 | 3.08 | 4.36 | 6.68 |
Shree Tirupati Balajee Valuations & Margins
| FY 2022 | FY 2023 | FY 2024 (Pre Issue) | FY 2024 (Post-Issue)* | |
| EPS | 2.31 | 3.51 | 5.74 | 4.42 |
| PE Ratio | – | 13.59 – 14.46 | 17.65 – 18.78 |
| FY 2022 | FY 2023 | FY 2024 | |
| RONW (%) | 14.81 | 18.80 | 20.84 |
| NAV | 15.62 | 18.66 | 27.54 |
| ROCE (%) | 10.02 | 13.39 | 16.29 |
| EBITDA (%) | 8.93 | 10.61 | 13.58 |
| Debt/Equity | 2.60 | 2.03 | 1.41 |
Comparison With Listed Peers
| Company | PE ratio | EPS | RONW (%) | NAV | Revenue (Cr.) |
| Shree Tirupati Balajee Agro | – | 3.51 | 18.80 | 15.52 | 478.14 |
| Commercial Syn Bags | 33.00 | 2.08 | 6.71 | 30.17 | 291.79 |
| Emmbi Industries | 20.76 | 4.67 | 5.14 | 90.83 | 371.08 |
| Rishi Techtex | 29.47 | 1.51 | 3.65 | 41.26 | 106.84 |
Company Promoters
- Binod Kumar Agarwal
Promoter Holding
| Pre Issue Share Holding | 88.38% |
| Post Issue Share Holding | 65.42% |
Shree Tirupati Balajee Offer GMP Update
Coming Soon
Shree Tirupati Balajee IPO Subscription Update
Coming Soon
Shree Tirupati Balajee IPO Allotment Status
Shree Tirupati Balajee Agro IPO allotment status will be available on Link Intime’s website. Click on Link Intime IPO weblink to get allotment status.
Shree Tirupati Balajee IPO Listing Details
| Listing Date | 12 September 2024 |
| BSE Scrip Code | Coming Soon |
| NSE Symbol | |
| ISIN | |
| Final Issue Price |
Listing Day Update
| Listing Exchange | BSE & NSE |
| Final Issue Price | Coming Soon |
| Open | |
| Low | |
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| Last Trade |
Shree Tirupati Balajee IPO Lead Manager(s)
UNISTONE CAPITAL PRIVATE LIMITED
A/305, Dynasty Business Park, Andheri Kurla Road,
Andheri East, Mumbai 400059, Maharashtra
Phone: +91 9820057533
Email: mb@unistonecapital.com
Website: www.unistonecapital.com
Shree Tirupati Balajee Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone: +91 810 811 4949
Email: shreetirupatibalajee.ipo@linkintime.co.in
Website: www.linkintime.co.in
Shree Tirupati Balajee Contact Details
SHREE TIRUPATI BALAJEE AGRO TRADING COMPANY LIMITED
E-34, H.I.G, Ravishankar Nagar, Near LIG Square,
Indore – 452 010 Madhya Pradesh, India
Phone: +91 731-4217400
Email: info@tirupatibalajee.net
Website: www.tirupatibalajee.net
Shree Tirupati Balajee IPO FAQs
How many shares in Shree Tirupati Balajee Agro IPO are reserved for HNIs and retail investors?
The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.
How to apply for the Shree Tirupati Balajee Agro Public Offer?
The best way to apply for Shree Tirupati Balajee Agro public offer is through Internet banking ASBA . You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill out an offline IPO form and deposit it to your broker.
What is Shree Tirupati Balajee Agro IPO GMP today?
Shree Tirupati Balajee Agro IPO GMP today is ₹ 25 per share.
What is Shree Tirupati Balajee Agro kostak rate today?
Shree Tirupati Balajee Agro kostak rate today is ₹ NA per application.
What is Shree Tirupati Balajee Agro Subject to Sauda rate today?
Shree Tirupati Balajee Agro Subject to Sauda rate today is ₹ 3,100 per application.
Final thoughts
Shree Tirupati Balajee IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. Study the company well and subscribe if you feel good about it. I hope this post will give you enough details to research the company fundamentally. learn well and make wise decisions.
Happy Investing
