Last updated on September 12, 2024
Shree Tirupati Balajee Agro IPO Description – 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.
Promoters of Shree Tirupati Balajee Agro Trading – Mr. Binod Kumar Agarwal
Table of Contents
Shree Tirupati Balajee Agro Trading IPO Details
| Shree Tirupati Balajee Agro IPO Dates | 5 – 9 September 2024 |
| Shree Tirupati Balajee Agro Issue Price | INR 78 – 83 per share |
| Fresh issue | 1,47,50,000 shares (INR 122.42 crore) |
| Offer For Sale | 56,90,000 shares (INR 47.23 crore) |
| Total IPO size | 2,04,40,000 shares (INR 169.65 crore) |
| Minimum bid (lot size) | 180 shares (INR 14,940) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | NSE, BSE |
Shree Tirupati Balajee Agro Financial Performance
| Â | 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 Agro Offer News
- Shree Tirupati Balajee Agro RHP
- Shree Tirupati Balajee Agro DRHP
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
Shree Tirupati Balajee Agro 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 |
Shree Tirupati Balajee Agro IPO GMP Today (Daily Trend)
| Date | Day-wise IPO GMP | Kostak | Subject to Sauda |
| 11 September 2024 | 40 | – | 5,100 |
| 10 September 2024 | 42 | – | 5,200 |
| 9 September 2024 | 35 | – | 4,000 |
| 7 September 2024 | 28 | – | 3,600 |
| 6 September 2024 | 25 | – | 3,100 |
| 5 September 2024 | 15 | – | 2,200 |
| 4 September 2024 | 7 | – | 1,700 |
| 3 September 2024 | 10 | – | 2,000 |
Shree Tirupati Balajee Agro IPO Objectives
The company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects:
- Repayment and/or prepayment, in part or full of certain of the outstanding borrowings availed by the company – INR 31.45 crore
- Investment in subsidiaries namely Honourable Packaging Private Limited (HPPL), Shree Tirupati Balajee FIBC Ltd. (STBFL) and Jagannath Plastics Pvt. Ltd. (JPPL) for loan repayment – INR 20.82 crore
- Funding the incremental working capital requirements of the company and subsidiaries – INR 13.50 crore
- Investment in subsidiaries HPPL, STBFL and JPPL for funding working capital requirements – INR 10.74 crore
- General corporate purposes
Shree Tirupati Balajee Agro IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 40,88,000 | 30,66,000 | 71,54,000 | 1,43,08,000 |
| 9 Sep 2024 | 150.87 | 210.12 | 73.22 | 124.74 |
| 6 Sep 2024 | 4.69 | 28.56 | 21.42 | 18.17 |
| 5 Sep 2024 | 4.46 | 5.25 | 7.93 | 6.36 |
Shares allotted to anchor investors are not included in these calculations. Similarly, shares allotted to market makers, if any, are not part of these calculations.
Shree Tirupati Balajee Agro – 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 |
Shree Tirupati Balajee Agro IPO Allotment Status
Shree Tirupati Balajee Agro IPO allotment status is now available on Link Intime’s website. Click on Link Intime IPO weblink to get allotment status.
Shree Tirupati Balajee Agro IPO Dates & Listing Performance
| IPO Opening Date | 5 September 2024 |
| IPO Closing Date | 9 September 2024 |
| Finalization of Basis of Allotment | 10 September 2024 |
| Initiation of refunds | 11 September 2024 |
| Transfer of shares to demat accounts | 11 September 2024 |
| Shree Tirupati Balajee Agro IPO Listing Date | 12 September 2024 |
| Opening Price on NSE | INR 90 per share (up 8.43%) |
| Closing Price on NSE | INR 94.5 per share (up 13.86%) |
Shree Tirupati Balajee Agro IPO Reviews – Subscribe or Avoid?
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SMC Global – 1.5/5
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Shree Tirupati Balajee Agro Offer Lead Manager
UNISTONE CAPITAL PRIVATE LIMITED
A/305, Dynasty Business Park, Andheri Kurla Road,
Andheri East, Mumbai 400059, Maharashtra
Phone: +91 9820057533
Email:Â [email protected]
Website:Â www.unistonecapital.com
Shree Tirupati Balajee Agro Offer Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone:Â +91 810 811 4949
Email:Â [email protected]
Website:Â www.linkintime.co.in
Shree Tirupati Balajee Agro 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:Â +91 731-4217400
Email: [email protected]
Website: www.tirupatibalajee.net
Shree Tirupati Balajee Agro 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 (know all about ASBA here). 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 INR 40 per share.
What is Shree Tirupati Balajee Agro kostak rate today?
Shree Tirupati Balajee Agro kostak rate today is INR NA per application.
What is Shree Tirupati Balajee Agro Subject to Sauda rate today?
Shree Tirupati Balajee Agro Subject to Sauda rate today is INR 5,100 per application.
