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