Shree Tirupati Balajee Agro Trading Company Limited IPO

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Packaging

Listed On: Sep 12, 2024 at ₹ 90.0(NSE)

₹ 14940 /180 Shares

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Price Summary

Last Closing

91.00 (9.64%)

52 Week High

99.22

52 Week Low

85.05

Last Update

18-Sep-2024 3:30 PM

Shree Tirupati Balajee Agro Trading Company IPO Details

05 Sep, 2024

Open Date

09 Sep, 2024

Close Date

10 Sep, 2024

Allotment Date

12 Sep, 2024

Listing Date

Issue Price

₹78-83 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

BSE, NSE

Registrar

Link Intime India Private Ltd

List Price

90.0(NSE)

Listing Date

2024-09-12

Market Lot

Retail : 180 Shares (₹14,940/-)
S-HNI : 2,520 Shares (₹2,09,160/-)
B-HNI : 12,060 Shares (₹10,00,980/-)

Lead Manager

Pnb Investment Services Ltd
Unistone Capital PrivateLimited

Issue Size

Total ₹169.65 Cr :
#Fresh Issue : 14,750,000 shares(aggregating up to ₹122.43 Cr) +
#OFS : 5,690,000 shares of ₹10(aggregating up to ₹47.23 Cr)

Retail Portion

35% (Number of Retail Applications: 39,744 Approx),
(Number of S-HNI Applications : 406 Approx),
(Number of B-HNI Applications : 811 Approx)

Subscription

122.88 times

IPO Docs

DRHP RHP ANCHOR

Shree Tirupati Balajee Agro Trading Company IPO Subscription Details

As on	QIB	NII bNII sNII	Retail	Total
Shares Offered / Reserved	4,088,000	3,066,000 2,044,000 1,022,000	7,154,000	14,308,000
Day 1 - 05-09-24 05:00 PM	4.46 x	4.43 3.67 x 5.94 x	7.76 x	6.10 x
Day 2 - 06-09-24 05:00 PM	4.69 x	28.54 27.82 x 29.99 x	21.39 x	18.15 x
Day 3 - 09-09-24 05:00 PM	150.87 x	209.38 225.47 x 177.18 x	69.80 x	122.88 x

Total No. of Applications: 26,51,702 (Approx)

Retail Subscription on the basis of Applications: Retail:64.65x BHNI:45.22x SHNI:170.15x times

Shree Tirupati Balajee Agro Trading Company Valuations

EPS Pre IPO

₹5.40/-

EPS Post IPO

₹4.42/-

P/E Pre IPO

15.37

P/E Post IPO

18.77

RoNW

20.84%

Shree Tirupati Balajee Agro Trading Company Company Financials All values are in ₹ Cr.

	31-Mar-24	31-Mar-23	31-Mar-22
Assets	516.94	392.46	391.89
Revenue	552.82	478.14	453.79
Profit After Tax	36.07	20.72	13.66

About The Company

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.

Shree Tirupati Balajee Agro Trading Company - Strength and Weakness

Strength

Shree Tirupati Balajee Agro Trading Company caters to various industries such as chemicals, agriculture, and food, with a broad FIBC product line, ensuring stable and visible future revenue streams.

Their state-of-the-art manufacturing facilities are ideally located near Mumbai with excellent connectivity to major ports and highways, enhancing distribution efficiency and reducing costs.

With an installed capacity of approximately 2,300 Mt/month and nearly full utilisation at 2,200 Mt/month, the company demonstrates strong operational efficiency and growth potential.

The company holds ISO 9001:2015 and ISO 22000:2018 certifications, with rigorous quality controls at every production stage, ensuring high standards and client satisfaction.

Weakness

Failure to meet quality standards or adapt to technological changes could harm the company's reputation and financial performance. Despite stringent quality controls, there's no assurance of perpetual compliance with evolving customer and regulatory standards.

Increasing global and national scrutiny on plastic use poses a substantial threat. With many economies, including India, moving to restrict or ban plastic products, Shree Tirupati's business operations and market presence could be severely compromised.

Shree Tirupati Balajee Agro Trading Company - Promoter(s)

Pre Issue Share Holding: N/A%

Post Issue Share Holding: N/A%

Company Promoter(s)

Binod Kumar Agarwal

Shree Tirupati Balajee Agro Trading Company IPO - Issue 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
General corporate purposes.

Shree Tirupati Balajee Agro Trading Company IPO - Anchor Investors

Shree Tirupati Balajee Agro raises Rs 51 crore via anchor book.

Investors NAV Capital Emerging Star Fund, Chanakaya Opportunities Fund I, and Next Orbit Growth Fund III invested Rs 10 crore each in the company.

Other investors that participated in the anchor book were Saint Capital Fund, Steptrade Revolution Fund, and Astrone Capital VCC - Arven, who bought Rs 20.9 crore worth of shares.

Other Details

Company Contact Details

Shree Tirupati Balajee Agro Trading Company

Plot No.192, Sector 1, Pithampur, Dhar - 454775

Phone: +917314217400

Email: info@tirupatibalajee.net

Website: https://www.tirupatibalajee.net/

Registrar Contact Details

Link Intime India Private Ltd

Phone: +91-22-4918 6270

Email: shreetirupatibalajee.ipo@linkintime.co.in

Website: https://linkintime.co.in/initial_offer/public-issues.html

Shree Tirupati Balajee Agro Trading Company IPO - FAQs

Ans. Shree Tirupati Balajee Agro Trading Company Limited IPO is a Mainboard IPO. The issue is priced at ₹78-83 per equity share. The minimum order quantity is 180 Shares. The IPO opens on Sep 5, 2024, and closes on Sep 9, 2024. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Ans. The Shree Tirupati Balajee Agro Trading Company Limited IPO opens on Sep 5, 2024 and closes on Sep 9, 2024.

Ans. The size of Shree Tirupati Balajee Agro Trading Company Limited IPO is Total ₹169.65 Cr : #Fresh Issue : 14,750,000 shares(aggregating up to ₹122.43 Cr) + #OFS : 5,690,000 shares of ₹10(aggregating up to ₹47.23 Cr).

Ans. The IPO price band is set between ₹78-83 per equity share.

Ans. To apply for Shree Tirupati Balajee Agro Trading Company Limited IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Shree Tirupati Balajee Agro Trading Company Limited IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Shree Tirupati Balajee Agro Trading Company Limited IPO is Sep 10, 2024.

Ans. The Shree Tirupati Balajee Agro Trading Company Limited IPO will be listed on Sep 12, 2024.

Ans. Follow the steps to check the allotment status for Shree Tirupati Balajee Agro Trading Company Limited IPO here.