IPO Issue Details
Issue Price / Price Band₹40 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size3,000 Shares per Lot
Total Issue Size27,00,000 shares (aggregating up to ₹10.80 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformNSE SME
IPO TypeSME
Subscription OpenThu, 21 Sep 2017
Subscription CloseTue, 26 Sep 2017
Anchor AllotmentWed, 20 Sep 2017
Basis of AllotmentMon, 02 Oct 2017
Initiation of RefundsTue, 03 Oct 2017
Credit of Shares to DematTue, 03 Oct 2017
Listing DateThu, 05 Oct 2017
UPI Mandate Deadline2017-09-26
Application & Investment Details
Retail — Min (1 Lots)₹1,20,000 — 3,000 shares
Retail — Max (13 Lots)₹1,560,000 (13 Lots)
HNI — Min (2 Lots)₹2,40,000 — 6,000 shares
Net Offer to Public25,56,000 shares (aggregating up to ₹10.22 Cr)
Reserved for Market Maker1,44,000 shares (aggregating up to ₹0.5760 Cr)
Pre-IPO Promoter Holding74,30,040 shares
Post-IPO Promoter Holding1,01,30,040 shares
About Shree Tirupati Balajee FIBC Ltd
Incorporated in 2009, Shree Tirupati Balaji FIBC Ltd (STBF) is engaged in manufacturing and supply of High Density Polyethylene (HDPE) / Polypropylene (PP) woven sacks, Flexible Intermediate Bulk Container (FIBC).Company's wide range of products includes, Conductive (Type C) Bags, Type B Bags, UN Certified Bags for Hazardous materials, Form Stable bags/ Q Bags, Funner bags, Tubular FIBC's, Single/Double Loop Bags, Liners-Normal/Conductive/Anti Static liners with formfit, glued, flanged, tabbed, container liners, asbestos bags, BOPP bags/PP Woven bags, Tunnel Lift Bags.Company's manufacturing unit is situated at SEZ area located at Pithampur, Dist. Dhar, MP. Majority of its sales are from exports to countries like USA, UK, Australia, Germany, Italy, Spain, New Zealand etc. They majorly procure their raw materials by their Group Company, Shree Tirupati Balajee Agro Trading Private Limited.
Objects of the Issue
Shree Tirupati Balajee FIBC Ltd proposes to utilise the net proceeds from the Issue for the following objects:
1
Funding working capital requirements of the Company
7.95
2
General corporate purposes
2.05
Shareholding & Lock-in
Pre-IPO Promoter Holding
74,30,040 shares
Post-IPO Promoter Holding
1,01,30,040 shares