SHREE TIRUPATI BALAJEE AGRO IPO details Today : SHREE TIRUPATI BALAJEE AGRO TRADING COMPANY IPO details Today is Open on 5 Sep 2024 and Close on 9 Sep 2024. SHREE TIRUPATI BALAJEE AGRO TRADING COMPANY IPO to Raise 20,440,000 shares (Approx ₹169.65 Cr) via IPO. The Fresh issue of 14,750,000 shares (Approx ₹122.43 Cr) and The Offer For Sale is 5,690,000 shares of ₹10 (Approx ₹47.23 Cr).
We are Engaged in the business of manufacturing and selling of Flexible Intermediate Bulk Containers (FIBCs ) large flexible bags and other industrial packaging products such as woven sacks, woven fabric and narrow fabric, tapes in the Indian domestic market and overseas.
We offer Customised Products and cater to the bulk packaging solutions of our clients from diverse industries like chemicals, agrochemicals, food mining, waste disposal industry,
agriculture industry, lubricants and edible oil by supplying them our FIBC products for transportation purposes and their packaging requirement.
We offer an alternative for packaging and transportation, streamlining the loading and unloading processes of vessels, containers, or trucks, thereby reducing labor requirements. In terms of competence, our core competencies include a wide product range, multi-location facilities, recurring orders, global presence, scale of production, technical expertise, environmental contribution, and Recycling efforts.
We offer a wide range of packaging solutions to our clients since we manufacture veriety of FIBC bags, woven bags and container liners etc. We manufacture FIBC bags for packaging all possible products including, food products, chemicals, minings etc.
Our products are logistic solutions for diverse industries and the success of our business does not depend upon a few sectors. We are a one-stop solution to all FIBC packaging needs. We believe that we are among the few companies in India with large portfolio. For ease of operations and better management and control, we manufacture specific products under various Subsidiaries.
We have established our services for more than 20 (twenty) years and operate out of five (5) manufacturing units. We operate and manage our business through our subsidiaries viz. Honourable Packaging Private Limited (HPPL), Shree Tirupati Balajee FIBC Limited (STBFL) and Jagannath Plastics Private Limited (JPPL) as well.
products such as grains, seeds salt, chemicals, sand, clay, cement, etc. FIBCs offer cost-effectiveness, efficient load handling, ease of use, and chemical resistance, making them a swift replacement for alternative bulk packaging options such as paper-based products. Additionally, FIBCs contribute to weight reduction, resulting in lower transportation costs. Beyond the surging demand anticipated in the Asia-Pacific (APAC) region, particularly in the food & beverage industry, other key end-use sectors including chemicals, pharmaceuticals, construction, metals & mining, among others.
Our Company exports its products to over 38 countries across six continents, with major export destinations including USA, Germany, Australia, UK, Singapore, Canada, France, New Zealand, Chile, Sweden, Switzerland, Spain and Malaysia.
Shree Tirupati Balajee Agro IPO Date & Price Band Details
| IPO Open Date | 5 Sep 2024 |
|---|---|
| IPO Close Date | 9 Sep 2024 |
| IPO Size | 20,440,000 shares (Approx ₹169.65 Cr) |
| Fresh Issue | 14,750,000 shares (Approx ₹122.43 Cr) |
| Offer For Sale | 5,690,000 shares of ₹10 (Approx ₹47.23 Cr) |
| Lot Size | 180 Shares |
| IPO Face Value | ₹10 Per Equity Share" |
| IPO Price Band | ₹78 to ₹83 Per Every Share |
| IPO Listing On | NSE & BSE |
| IPO Retail Quota | 35% |
| IPO QIB Quota | 50% |
| IPO NII Quota | 15% |
| DRHP Draft | Click Here |
| Anchor Investor | Click Here |
Shree Tirupati Balajee Agro IPO Market Lot Details
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 180 | ₹14,940 |
| Retail Maximum | 13 | 2340 | ₹1,94,220 |
| S-HNI Minimum | 14 | 2,520 | ₹2,09,160 |
| B-HNI Minimum | 68 | 12,240 | ₹10,15,920 |
Object of the Issue
- Repayment and/or prepayment, in part or full, of certain of our outstanding borrowings availed by our Company.
- Investment in our subsidiaries HPPL, STBFL and JPPL for Repayment and/or prepayment, in part or full, of certain of outstanding borrowings availed.
- Funding the incremental working capital requirements of our Company.
- Investment in our subsidiaries HPPL, STBFL and JPPL for funding working capital requirements.
- General corporate purposes.
Shree Tirupati Balajee Agro IPO Allotment & Listings (Details)
| IPO Open Date | 5 Sep 2024 |
|---|---|
| IPO Close Date | 9 Sep 2024 |
| Basis of Allotment | 10 Sep 2024 |
| Refunds | 11 Sep 2024 |
| Credit to Demat Account | 11 Sep 2024 |
| IPO Listing Date | 12 Sep 2024 |
Shree Tirupati Balajee Agro Financial Reports
| ₹ in Crore | |||
|---|---|---|---|
| Year | Revenue | Expense | PAT |
| 2024 | ₹539.66 | ₹505.38 | ₹36.07 |
| 2023 | ₹475.43 | ₹451.03 | ₹20.72 |
| 2022 | ₹444.18 | ₹436.45 | ₹13.66 |
| 2021 | ₹343.76 | ₹333.20 | ₹12.03 |
Our Company Promoters
- Binod Kumar Agarwal
Qualitative Factors
- Diverse customer base
- Cost-Effectiveness of FIBCs
- Multi- product portfolio
- Integrated Manufacturing Facility
- Quality Standard Certifications & Quality Tests
- Experienced Promoter and senior management team
- Multi-market Company
- Product Development Capabilities
- Growing Demand for Sustainable Packaging Solutions
Comparison of Accounting Ratios with Listed Peer Group Companies
| Company Name | Face Value | EPS | P/E Ratio | Ro NW (%) | NAV (Per Share) | Revenue (₹ in Lakhs) |
|---|---|---|---|---|---|---|
| Shree Tirupati | 10.00 | 5.74 | [.] | 20.84 | 27.54 | 55,282.11 |
| Peer Group | ||||||
| Commercial Syn Bags Ltd | 10.00 | 1.81 | 37.13 | 5.66 | 32.02 | 28,875.73 |
| Emmbi Industries Limited | 10.00 | 5.62 | 22.07 | 5.85 | 96.17 | 37,759.60 |
| Rishi Techtex Limited | 10.00 | 1.82 | 33.01 | 4.23 | 43.09 | 11,196.16 |
Also Read: Gala Precision Engineering IPO
Shree Tirupati Balajee Agro Company Contact Details
Plot No-192, Sector-1,
Pithampur, Dhar,
Madhya Pradesh –454775
Telephone :0731-4217400
Email :info@tirupatibalajee.net
Website:www.tirupatibalajee.net
Contact Person :Rishika Singha
Shree Tirupati Balajee Agro Lead Manager
PNB Investment Services Limited
PNB Pragati Towers, 2nd Floor,
Plot No. C-9, G-Block, Bandra Kurla Complex,
Bandra (E), Mumbai – 400 051 Maharashtra, India
Telephone: +91 8551057370 /+91 8087398828
Email: mbd@pnbisl.com
Investor grievance email: complaints@pnbisl.com
Contact Person: Shivani Tapadia /Shoaib Hossain
Website: www.pnbisl.com
Unistone Capital Private Limited
A 305, Dynasty Business Park,
Andheri Kurla Road, Andheri East, Mumbai- 400 059
Maharashtra, India
Telephone: +91 9820057533
Email: mb@unistonecapital.com
Investor grievance email: compliance@unistonecapital.com
Contact Person: Brijesh Parekh
Website: www.unistonecapital.com
Shree Tirupati Balajee Agro IPO Registrar
Link Intime India Private Limited
C-101, 1st Floor 247 Park, L.B.S. Marg
Vikhroli WestMumbai 400 083
Maharashtra, India
Tel: +91 810 811 4949
Email: olaelectric.ipo@linkintime.co.in
Website: www.linkintime.co.in
Investor Grievance ID: olaelectric.ipo@linkintime.co.in
Contact Person: Shanti Gopalkrishnan
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