Shree Tirupati Balajee Agro Trading IPO Details: The Shree Tirupati Balajee Agro Trading IPO is set to open on September 5, 2024, and will close on September 9, 2024. This IPO is a Book Built Issue, aiming to raise approximately ₹169.65 crores. The offer includes a fresh issue of ₹122.43 crores and an offer for sale of up to 5,690,000 equity shares, each with a face value of ₹10.
The IPO price band is set between ₹78 and ₹83 per share. The allocation is divided with 35% for retail investors, 50% for Qualified Institutional Buyers (QIB), and 15% for High Net-worth Individuals (HNI). The IPO is expected to list on the BSE and NSE on September 12, 2024, with the allotment date scheduled for September 10, 2024.
In terms of financial performance, the company reported a revenue of ₹552.82 crores for 2024, compared to ₹478.14 crores in 2023. The net profit for 2024 stood at ₹36.07 crores, up from ₹20.72 crores in 2023. Given the company’s financial growth, the IPO may be considered a potential long-term investment.
Shree Tirupati Balajee Agro Trading IPO Objectives:
The company intend to utilize the net proceeds of the Fresh Issue to meet the following objects:
- 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 Agro Trading IPO Review (Apply or Not)
- May Apply
Shree Tirupati Balajee Agro Trading IPO Date & Price Band Details:
| IPO Open Date: | September 5, 2024 |
| IPO Close Date: | September 9, 2024 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹78 to ₹83 Per Share |
| Issue Size: | Approx ₹169.65 Crores |
| Fresh Issue: | Approx ₹122.43 Crores |
| Offer for Sale: | Approx 5,690,000 Equity Shares |
| Issue Type: | Book Built Issue |
| IPO Listing: | BSE & NSE |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Shree Tirupati Balajee Agro Trading IPO Lot Size:
The minimum lot size for the Shree Tirupati Balajee Agro Trading IPO is 180 shares, requiring an application amount of ₹14,940. Retail investors have the option to apply for up to 13 lots, which amounts to 2,340 shares, or a total investment of ₹194,220.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 180 | ₹14,940 |
| Retail Maximum | 13 | 2340 | ₹194,220 |
| S-HNI Minimum | 14 | 2,520 | ₹209,160 |
| B-HNI Minimum | 67 | 12,060 | ₹1,000,980 |
Shree Tirupati Balajee Agro Trading IPO Timeline:
The Shree Tirupati Balajee Agro Trading IPO will open on September 5, 2024, and close on September 9, 2024. The allotment of shares is expected to be finalized on September 10, 2024, with the IPO set to be listed on the stock exchanges on September 12, 2024.
| IPO Open Date: | September 5, 2024 |
| IPO Close Date: | September 9, 2024 |
| Basis of Allotment: | September 10, 2024 |
| Refunds: | September 11, 2024 |
| Credit to Demat Account: | September 11, 2024 |
| IPO Listing Date: | September 12, 2024 |
Shree Tirupati Balajee Agro Trading IPO GMP Today:
The last reported Grey Market Premium (GMP) for the Shree Tirupati Balajee IPO is ₹8. With a price band cap of ₹83, the estimated listing price for the IPO is ₹91 (cap price + current GMP). This implies an expected gain of approximately 9.64% per share.
Promoter of Shree Tirupati Balajee Agro Trading
The promoter of Shree Tirupati Balajee Agro Trading Company Limited is Mr. Binod Kumar Agarwal.
About Shree Tirupati Balajee Agro Trading
Shree Tirupati Balajee Agro Trading Company Limited (STB) is a leading producer and retailer of Flexible Intermediate Bulk Containers (FIBC) in India. The company is recognized as one of the fastest-growing exporters globally, specializing in a wide range of FIBC bags, woven bags, and container liners designed for various industries, including food, chemicals, and minerals.
With over 20 years of experience, STB is dedicated to delivering high-quality products to customers worldwide. The company holds a patent for a unique fabric called “Aeropolymesh.” It operates several subsidiaries, including Honourable Packaging Private Limited, Shree Tirupati Balajee FIBC Limited, and Jagannath Plastics Private Limited.
Shree Tirupati Balajee Agro Trading Company Financial Report
The company reported revenue of ₹552.82 crores in 2024 against ₹478.14 crores in 2023. The company reported a profit of ₹36.07 crores in 2024 against a profit of ₹20.72 crores in 2023.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2022 | ₹453.79 | ₹436.45 | ₹13.66 | ₹391.89 |
| 2023 | ₹478.14 | ₹451.03 | ₹20.72 | ₹392.46 |
| 2024 | ₹552.82 | ₹505.38 | ₹36.07 | ₹516.94 |
Shree Tirupati Balajee Agro Trading IPO Valuation – FY2024
Check Shree Tirupati Balajee Agro Trading IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 20.84% |
| ROCE: | 16.29% |
| EBITDA Margin: | 13.58% |
| PAT Margin: | 6.53% |
| Debt to equity ratio: | 1.41 |
| Earning Per Share (EPS): | ₹5.74 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 20.84% |
| Net Asset Value (NAV): | ₹27.54 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Commercial Syn Bags Ltd | 1.81 | 37.13 | 5.66 | 32.02 | 288.76 Cr. |
| Emmbi Industries Limited | 5.62 | 22.07 | 5.85 | 96.17 | 377.60 Cr. |
| Rishi Techtex Limited | 1.82 | 33.01 | 4.23 | 43.09 | 111.96 Cr. |
Shree Tirupati Balajee Agro Trading IPO Registrar
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
IPO Lead Managers aka Merchant Bankers
- Pnb Investment Services Ltd
- Unistone Capital Pvt Ltd
Company Address
Shree Tirupati Balajee Agro Trading Limited
Plot No.192, Sector 1
Pithampur
Dhar-454775
Phone: +917314217400
Email: info@tirupatibalajee.net
Website: https://www.tirupatibalajee.net/
Shree Tirupati Balajee Agro Trading IPO FAQs
1. What are the IPO dates for Shree Tirupati Balajee Agro Trading?
The IPO opens on September 5, 2024, and closes on September 9, 2024.
2. What is the price band of the Shree Tirupati Balajee Agro Trading IPO?
The price band for the IPO is set between ₹78 and ₹83 per share.
3. What is the minimum investment required for retail investors?
Retail investors must apply for a minimum of 180 shares, which requires an investment of ₹14,940.
4. What is the maximum amount a retail investor can invest in this IPO?
Retail investors can apply for up to 13 lots, totaling 2,340 shares, which amounts to ₹194,220.
5. How is the Shree Tirupati Balajee Agro Trading IPO structured?
The IPO consists of a fresh issue of ₹122.43 crores and an offer for sale of up to 5,690,000 equity shares, each with a face value of ₹10.
6. What is the allocation breakdown for the Shree Tirupati Balajee Agro Trading IPO?
The allocation for the IPO is divided as follows: 35% for retail investors, 50% for Qualified Institutional Buyers (QIB), and 15% for High Net-worth Individuals (HNI).
7. When will the allotment of shares be finalized?
The allotment of shares for the IPO is expected to be finalized on September 10, 2024.
8. When will the Shree Tirupati Balajee Agro Trading IPO be listed?
The IPO is expected to be listed on the BSE and NSE on September 12, 2024.
9. What is the Grey Market Premium (GMP) for the Shree Tirupati Balajee Agro Trading IPO?
As of September 2, 2024, the last reported GMP for the IPO is ₹8.
10. What is the expected listing price of the IPO based on the GMP?
Based on the current GMP of ₹8 and the price band cap of ₹83, the estimated listing price is ₹91 per share.
11. Who is the promoter of Shree Tirupati Balajee Agro Trading?
The promoter of the company is Mr. Binod Kumar Agarwal.
12. What is the business of Shree Tirupati Balajee Agro Trading?
Shree Tirupati Balajee Agro Trading Company Limited is one of India’s largest producers and retailers of Flexible Intermediate Bulk Containers (FIBC), woven bags, and container liners, serving industries such as food, chemicals, and minerals.
13. How has the financial performance of Shree Tirupati Balajee Agro Trading been recently?
The company reported a revenue of ₹552.82 crores in 2024, up from ₹478.14 crores in 2023, with a profit of ₹36.07 crores in 2024, compared to ₹20.72 crores in 2023.
14. Is Shree Tirupati Balajee Agro Trading IPO a good investment?
The company has demonstrated strong financial growth, and with its extensive experience and market presence, it could be a potential long-term investment. However, investors should conduct their own research and consider their risk tolerance before investing.
