Shree Tirupati Balajee Agro Trading Co.Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 10,220,000 (50%) | — | ₹8,483 Cr |
| NII (HNI) | — | 3,066,000 (15%) | — | ₹2,545 Cr |
| Retail | — | 7,154,000 (35%) | — | ₹5,938 Cr |
| Σ Total | — | 20,440,000 (100%) | — | ₹169,652 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 180 | ₹14,940 |
| Retail (Max) | 13 | 2,340 | ₹194,220 |
| S-HNI (Min) | 14 | 2,520 | ₹209,160 |
| B-HNI (Min) | 67 | 12,060 | ₹1,000,980 |
Financial Statements Amount in Crore
| Metric | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Revenue | 553 | 478 | 454 |
| Profit After Tax | 36 | 21 | 14 |
| Net Worth | 173 | 110 | 92 |
| Total Assets | 517 | 392 | 392 |
| Reserves & Surplus | 106 | 109 | — |
| Total Borrowing | 244 | 224 | 240 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
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. –
Company Overview
Established in October 2001, Shree Tirupati Balajee Agro Trading Company Limited manufactures and sells Flexible Intermediate Bulk Containers (FIBCs), i.e., large flexible bags, and other industrial packaging products such as woven sacks, woven fabric, narrow fabric, and tapes in the Indian domestic market and overseas.
The company offers customized products and caters to the bulk packaging needs of clients from various industries, including chemicals, agrochemicals, food, mining, waste disposal, agriculture, lubricants, and edible oil.
The company operates through subsidiaries such as Honourable Packaging Private Limited (HPPL), Shree Tirupati Balajee FIBC Limited (STBFL), and Jagannath Plastics Private Limited (JPPL).
The company operates five manufacturing units. Units I and II are certified with ISO 9001:2015 and ISO 14001:2018. Unit III is certified with ISO 9001:2015, ISO 45001:2018, ISO 14001:2015, ISO 14064-1:2018, and the SEDEX SMETA four-pillar. The company's certifications cover the production of Flexible Intermediate Bulk Containers (FIBC), Woven Sacks, and Fabrics of PP (Polypropylene) and HDPE (High-Density Polyethylene).
As of July 2024, the company has 857 department employees.