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Shree Tirupati Balajee Agro IPO

  • Status: Closed
  • RHP:
  • ₹ 14,040 / 180 shares

    Minimum Investment

IPO Listing Details

  • Listing Date

    12 Sep 2024

  • Listing Price

    ₹92.90

  • Listing Change

    11.93%

  • Last Traded Price

    ₹71.70

IPO Details

  • Open Date

    05 Sep 2024

  • Close Date

    09 Sep 2024

  • IPO Price Range

    ₹ 78 to ₹83

  • IPO Size

    ₹ 169.65 Cr

  • Listing Exchange

    BSE, NSE

  • Listing Date

    12 Sep 2024

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Shree Tirupati Balajee Agro IPO Subscription Status

Last Updated: 10 September 2024 11:27 AM by 5Paisa

Last Updated: 9th September 2024, 06:21 PM by 5paisa

Shree Tirupati Balajee IPO is set to open on 05 September 2024 and will close on 09 September 2024. The company makes and sells large, flexible bags known as Flexible Intermediate Bulk Containers (FIBCs) and other industrial packaging products like woven sacks, fabric, narrow fabric, and tapes. They serve both the Indian market and international customers.

The IPO includes a fresh issue of  1.48 crore shares aggregating up to ₹122.43 Cr and it includes an OFS of 0.57 Cr shares aggregating to ₹47.23 cr.  The price range is set between ₹78 - ₹83 per share and the lot size is 180 shares. 

The allotment is scheduled to be finalised on 10 September 2024. It will go public on BSE and NSE with a tentative listing date of 12 September 2024.

PNB Investment Services Ltd and Unistone Capital Pvt Ltd are the book-running lead managers, while Link Intime India Private Ltd is the registrar. 

Shree Tirupati Balajee IPO is set to open on 05 September 2024 and will close on 09 September 2024. The company makes and sells large, flexible bags known as Flexible Intermediate Bulk Containers (FIBCs) and other industrial packaging products like woven sacks, fabric, narrow fabric, and tapes. They serve both the Indian market and international customers.

The IPO includes a fresh issue of  1.48 crore shares aggregating up to ₹122.43 Cr and it includes an OFS of 0.57 Cr shares aggregating to ₹47.23 cr.  The price range is set between ₹78 - ₹83 per share and the lot size is 180 shares. 

The allotment is scheduled to be finalised on 10 September 2024. It will go public on BSE and NSE with a tentative listing date of 12 September 2024.

PNB Investment Services Ltd and Unistone Capital Pvt Ltd are the book-running lead managers, while Link Intime India Private Ltd is the registrar. 
 

Shree Tirupati Balajee IPO Size

Types Size (₹Cr)
Total IPO Size 169.66
Offer For Sale 47.23
Fresh Issue 122.43

 

Shree Tirupati Balajee IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 180 ₹14,940
Retail (Max) 13 2340 ₹194,220
S-HNI (Min) 14 2,520 ₹209,160
S-HNI (Max) 66 11,880 ₹986,040
B-HNI (Min) 67 12,060 ₹1,000,980

 

Shree Tirupati Balajee IPO Reservation

Investors Category Subscription (times) Shares Offered Shares bid for Total Amount (Cr.)
QIB 150.87 40,88,000 61,67,76,120 5,119.24
NII (HNI) 210.12 30,66,000     64,42,22,340 5,347.05
Retail 73.22 71,54,000 52,38,28,620 4,347.78
Total 124.74 1,43,08,000 1,78,48,27,080 14,814.06

 

Shree Tirupati Balajee IPO Anchor Allocation

Anchor Bid Date 4 September, 2024
Shares Offered 6,132,000
Anchor Portion Size (In Cr.) 50.90
Lock in Period for 50% shares (30 days) 10 October, 2024
Lock in Period for rest of shares (90 days) 9 December, 2024

 

1. Working Capital Requirements.
2. General Corporate Purposes.
3. Investment in the subsidiaries
4. Repayment or prepayment of some or all of the company's outstanding borrowings.

Shree Tirupati Balajee Agro Trading Company Limited, established in October 2001, manufactures and sells large flexible bags (FIBCs) and other industrial packaging products like woven sacks, fabric, and tapes. They serve both Indian and international markets, offering customized packaging solutions for industries like chemicals, food, agriculture, and more.

The company operates through subsidiaries like Honourable Packaging, Shree Tirupati Balajee FIBC, and Jagannath Plastics. They are certified to produce FIBCs, woven sacks, and fabrics made from polypropylene and HDPE. As of July 2024, the company employs 857 people.

Peers

●  Commercial Syn Bags Ltd
●  Emmbi Industries Ltd
●  Rishi Techtex Ltd.

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY24 FY23 FY22
Revenue 552.82 478.14 453.79
EBITDA 75.07 50.74  40.51 
PAT 36.07 20.72 13.66
Particulars (in Rs. Crores) FY24 FY23 FY22
Total Assets 516.94 392.46 391.89
Share Capital 66.82 1.16 1.15
Total Borrowings 243.69 223.81 240.06
Particulars (in Rs. Crores) FY24 FY23 FY22
Net Cash Generated From / (used in) operating activities -26.40 36.89  -22.16
Net Cash Generated From / (used in) investing activities -11.09 -8.28 -6.75
Net Cash Generated From / (used in) financing activities 31.77  -33.87 32.91
Net Increase (Decrease) In Cash And Cash Equivalents -4.78 -3.65 4.46


Strengths

1. The company has a wide product range, serving various industries with cost-effective FIBCs and other packaging solutions. Its presence spans multiple markets, both domestic and international.

2. With an integrated manufacturing facility and stringent quality certifications, the company ensures high standards in production and product quality.

3. Backed by an experienced management team, the company excels in product development, meeting the growing demand for sustainable packaging solutions.
 

Risks

1. The company operates in a highly competitive market, facing pressure from both domestic and international players, which could impact pricing and market share.

2. The company relies heavily on the availability and cost of raw materials. Price fluctuations or supply disruptions could affect profitability.

3. Changes in environmental regulations or compliance requirements for packaging materials could increase operational costs or limit product offerings.
 

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FAQs

Shree Tirupati Balajee IPO opens from 05th September to 09th September 2024.

The size of the Shree Tirupati Balajee IPO is ₹169.65 Cr.

The price band of Shree Tirupati Balajee IPO is fixed between ₹78- ₹83 per share. 

To apply for Shree Tirupati Balajee IPO, follow the steps given below:

●    Login to your 5paisa account and select the issue in the current IPO section    
●    Enter the number of lots and the price at which you wish to apply for the Shree Tirupati Balajee IPO.    
●    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    

You will receive a mandate notification to block funds in your UPI app.
 

The minimum lot size of Shree Tirupati Balajee IPO is 180 shares and the investment required is ₹14,040.

The share allotment date of Shree Tirupati Balajee's IPO is  10th September 2024

The Shree Tirupati Balajee IPO will be listed on 12th September 2024.

Pnb Investment Services Ltd and Unistone Capital Pvt Ltd are the book-running lead managers for Shree Tirupati Balajee IPO.
 

Shree Tirupati Balajee plans to utilise the raised capital from the IPO for:

1. Working Capital Requirements.
2. General Corporate Purposes.
3. Investment in the subsidiaries
4. Repayment or prepayment of some or all of the company's outstanding borrowings.