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Shree Tirupati Balajee Agro Trading Co.Ltd.

IPO Details · GMP · Subscription · Financials

✅ Listed NSE & BSE Mainboard Live Chart
Issue Price
₹83
Per Share
GMP
NIL
Grey Market
Est. Listing
₹83
Expected Price
Min. Application
₹29,880
2 lots × 180 shares
IPO Issue Details
Issue Price / Price Band₹83 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size180 Shares per Lot
Total Issue Size2,04,40,000 shares (aggregating up to ₹169.65 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital-cum-Offer for Sale
Exchange / PlatformNSE & BSE
IPO TypeMainboard
Subscription OpenThu, 05 Sep 2024
Subscription CloseMon, 09 Sep 2024
Anchor AllotmentWed, 04 Sep 2024
Basis of AllotmentTue, 10 Sep 2024
Initiation of RefundsWed, 11 Sep 2024
Credit of Shares to DematWed, 11 Sep 2024
Listing DateThu, 12 Sep 2024
UPI Mandate Deadline2024-09-09
Application & Investment Details
Retail — Min (1 Lots)₹14,940 — 180 shares
Retail — Max (13 Lots)₹194,220 (13 Lots)
HNI — Min (14 Lots)₹2,09,160 — 2,520 shares
EPS (Pre-IPO)₹5.40
EPS (Post-IPO)₹4.42
P/E Ratio (Pre-IPO)15.37x
P/E Ratio (Post-IPO)18.77x
Pre-IPO Promoter Holding6,68,20,852 shares
Post-IPO Promoter Holding8,15,70,852 shares
Fresh Issue Shares1,47,50,000 shares (aggregating up to ₹122.43 Cr)
Offer for Sale Shares56,90,000 shares of ₹10 (aggregating up to ₹47.23 Cr)
About Shree Tirupati Balajee Agro Trading Co.Ltd.

Established in October 2001, 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.

Objects of the Issue

Shree Tirupati Balajee Agro Trading Co.Ltd. proposes to utilise the net proceeds from the Issue for the following objects:

1
Repayment and/or prepayment, in part or full, of certain of the outstanding borrowings availed by the Company.
2
Investment in the subsidiaries HPPL, STBFL and JPPL for Repayment and/or prepayment, in part or whole, of certain outstanding borrowings availed
3
Funding the incremental working capital requirements of the company;
4
Investment in the subsidiaries HPPL, STBFL and JPPL for funding working capital requirements and
5
General corporate purposes.
Shareholding & Lock-in
Pre-IPO Promoter Holding 6,68,20,852 shares
Post-IPO Promoter Holding 8,15,70,852 shares
Lock-in Period (30%)October 9, 2024
Lock-in Period (50%)December 8, 2024
Check AllotmentCheck Status →
Shree Tirupati Balajee Agro Trading Co.Ltd. — Live Price LIVE
₹83.00
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Issue ₹83.00 Live Price
Quick Facts
GMP Signal ⚪ No GMP
StatusListed
Issue Price₹83
GMPNIL
Est. Listing₹83
Lot Size180 shares
Min Amount₹29,880
Listing Date12 Sep 2024
Disclaimer: GMP is unofficial and unregulated. It does not guarantee actual listing price.
Listing Performance
Issue Price₹83
Listing Date12 Sep 2024
Listing Price
Listing Gain/Loss—%
52-Week High
52-Week Low
Issue Structure & Reservation
Category Shares Offered % Issue Amount (₹ Cr)* Subscription
TOTAL 20,440,000 100.00% ₹169.65 Cr
* Based on ₹83.00 (upper price band)
Lot Size & Investment Details
Lot Size
180
Shares
Issue Price
₹83.00
Per Share
Min Investment
₹14,940
1 Lot
Category Lots Shares Amount (₹)
Retail (Min) 1 180 ₹14,940
Retail (Max) 13 2,340 ₹194,220
sNII (Min) 14 2,520 ₹209,160
bNII (Min) 68 12,240 ₹1,015,920
Company Financials — Restated Consolidated (Amount in Crore)
Particulars31 Mar 202431 Mar 202331 Mar 2022
Revenue from Operations 552.82 478.14 453.79
EBITDA N/A N/A N/A
Profit After Tax (PAT) 36.07 20.72 13.66
Net Worth 173.07 110.21 92.23
Total Assets 516.94 392.46 391.89
Reserves & Surplus 106.24 109.05 N/A
Total Borrowings 243.69 223.81 240.06
Key Ratios & Valuation
Issue Price ₹83
Face Value ₹10 Per Share
P/BV 3.01
RoE 20.84%
RoCE 16.29%
RoNW 20.84%
PAT Margin (%) 6.53%
EBITDA Margin (%) N/A
Debt / Equity 1.41
Company Details
Company
Shree Tirupati Balajee Agro Trading Co.Ltd.
Exchange
NSE & BSE
IPO Type
Mainboard IPO
Issue Type
Bookbuilding IPO
Face Value
₹10 Per Share
Script Code
N/A
Address
Plot No.192, Sector 1 Pithampur Dhar - 454775 Dhar, Madhya Pradesh
Book Running Lead Managers
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Book Running Lead Manager (BRLM)