Shree Tirupati Balajee Agro IPO Date, Review, Price, Allotment Details

Shree Tirupati Balajee Agro Trading IPO open date is September 5, 2024 and the IPO will close on September 9, 2024. Shree Tirupati Balajee Agro Trading is a Book Built Issue. The company to raise around ₹169.65 crores via IPO that comprises fresh issue of ₹122.43 crores and offer for sale up to 5,690,000 equity shares with face value of ₹10 each.

Shree Tirupati Balajee Agro Trading IPO price band is ₹78 to ₹83 per share. The retail quota is 35%, QIB is 50%, and HNI is 15%. Shree Tirupati Balajee Agro Trading IPO to list on BSE & NSE on September 12, 2024. The allotment of Shree Tirupati Balajee Agro Trading IPO date is September 10, 2024.

The company reported revenue of ₹552.82 crores in 2024 against ₹478.14 crore in 2023. The company reported profit of ₹36.07 crores in 2024 against profit of ₹20.72 crores in 2023. As per the financials the IPO investors should apply the IPO for a long term.

Shree Tirupati Balajee IPO

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Shree Tirupati Balajee Agro Trading IPO 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 Market Lot

The Shree Tirupati Balajee Agro Trading IPO minimum market lot is 180 shares with ₹14,940 application amount. The retail investors can apply up-to 13 lots with 2340 shares or ₹194,220 amount.

ApplicationLot SizeSharesAmount
Retail Minimum1180₹14,940
Retail Maximum132340₹194,220
S-HNI Minimum142,520₹209,160
B-HNI Minimum6712,060₹1,000,980

Shree Tirupati Balajee Agro Trading IPO Dates

The Shree Tirupati Balajee Agro Trading IPO date is September 5, 2024 and the close date is September 9, 2024. The Shree Tirupati Balajee Agro Trading IPO allotment will be finalized on September 10, 2024 and the IPO listing 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

Promoters of Shree Tirupati Balajee Agro Trading

The promoters of the company are Binod Kumar Agarwal.

About Shree Tirupati Balajee Agro Trading

Shree Tirupati Balajee Agro Trading Company Limited (STB) is one of the largest producers and retailers of FIBC (Flexible Intermediate Bulk Containers) in the Indian market. It is recognized as one of the quickest expanding exporters across the globe. The company specializes in different types of FIBC bags, woven bags, as well as container liners that serve diverse products such as foods, chemicals, and minerals.

STB has over 20 years of experience and is committed to providing high-quality products to customers around the world. The company has a patent granted to a specialized fabric called “Aeropolymesh”. It has subsidiaries like 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 EndedRevenueExpenseProfit After TaxAssets
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.

KPIValues
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

CompanyEPSPE RatioRoNW %NAVIncome
Commercial Syn Bags Ltd1.8137.135.6632.02288.76 Cr.
Emmbi Industries Limited5.6222.075.8596.17377.60 Cr.
Rishi Techtex Limited1.8233.014.2343.09111.96 Cr.

Objects of the Issue

  • 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

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Shree Tirupati Balajee Agro Trading IPO Registrar

Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: [email protected]
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: [email protected]
Website: https://www.tirupatibalajee.net/

Shree Tirupati Balajee Agro Trading IPO FAQs

What is Shree Tirupati Balajee Agro Trading IPO?

Shree Tirupati Balajee Agro Trading IPO is a main-board IPO. The company is going to raise ₹[.] Crores via IPO. The issue is priced at ₹[.] to ₹[.] pr equity share. The IPO is to be listed on BSE & NSE.

When Shree Tirupati Balajee Agro Trading IPO will open for subscription?

The IPO is to open on September 5, 2024 for QIB, NII, and Retail Investors. The IPO will close on September 9, 2024.

What is Shree Tirupati Balajee Agro Trading IPO Investors Portion?

The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.

How to Apply the Shree Tirupati Balajee Agro Trading IPO?

You can apply for Shree Tirupati Balajee Agro Trading IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

What is Shree Tirupati Balajee Agro Trading Issue Size?

Shree Tirupati Balajee Agro Trading issue size is ₹[.] crores.

What is Shree Tirupati Balajee Agro Trading IPO Price Band?

Shree Tirupati Balajee Agro Trading IPO Price Band is ₹[.] to ₹[.].

What is Shree Tirupati Balajee Agro Trading IPO Lot Size?

The minimum bid is [.] Shares with ₹[.] amount.

What is the Shree Tirupati Balajee Agro Trading IPO Allotment Date?

Shree Tirupati Balajee Agro Trading IPO allotment date is September 10, 2024.

What is the Shree Tirupati Balajee Agro Trading IPO Listing Date?

Shree Tirupati Balajee Agro Trading IPO listing date is September 12, 2024. The IPO is to list on BSE and NSE.

Note: The Shree Tirupati Balajee Agro Trading IPO price band and date are officially announced. The (Shree Tirupati Balajee Agro Trading IPO grey market premium) will be added to the IPO GMP page as it will start).
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