Shree Tirupati Balajee Agro IPO
IPO Listing Details
- Listing Date
12 Sep 2024
- Listing Price
₹92.90
- Listing Change
11.93%
- Last Traded Price
₹71.42
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
IPO Timeline
Shree Tirupati Balajee Agro IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 05-Sep-24 | 4.46 | 5.28 | 8.13 | 6.47 |
| 06-Sep-24 | 4.56 | 22.18 | 19.88 | 15.99 |
| 09-Sep-24 | 150.87 | 210.12 | 73.22 | 124.74 |
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.
| 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.
Contact Information
Shree Tirupati Balajee Agro
Shree Tirupati Balajee Agro Trading Company Limited
Plot No.192, Sector 1
Pithampur
Dhar - 454775
Phone: +917314217400
Email: info@tirupatibalajee.net
Website: https://www.tirupatibalajee.net/
Shree Tirupati Balajee Agro IPO Register
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: shreetirupatibalajee.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
Shree Tirupati Balajee Agro IPO Lead Manager
Pnb Investment Services Ltd
Unistone Capital Pvt Ltd
