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Shree Tirupati Balajee Agro Trading Co.Ltd. Logo

Shree Tirupati Balajee Agro Trading Co.Ltd. IPO

Closed Bookbuilding IPO NSE & BSE Fresh Capital-cum-Offer for Sale
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Issue Price ₹83
GMP —
Lot Size 180
Face Value ₹10
Issue Size 20,440,000 shares (aggregating up to ₹170 Cr)
Subscription —

IPO Timeline

Open Date5-Sep-24
Close Date9-Sep-24
Allotment10-Sep-24
Refund Initiation11-Sep-24
Demat Credit11-Sep-24
UPI Mandate Deadline9-Sep-24
Listing Date12-Sep-24
Lock-in (30%)9-Oct-24
Lock-in (50%)8-Dec-24

Category-wise Subscription

Shares offered, bid & amount
CategorySub (x)OfferedBid ForAmt (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

Issue Price / Price Band₹83
Face Value₹10
Lot Size180 shares
Issue Size20,440,000 shares (aggregating up to ₹170 Cr)
Issue TypeBookbuilding IPO
Listing ExchangeNSE & BSE
Sale TypeFresh Capital-cum-Offer for Sale
Script Code—
Fresh Issue14,750,000 shares (aggregating up to ₹122 Cr)
Offer for Sale5,690,000 shares of ₹10 (aggregating up to ₹47 Cr)
Net Offer to Public—
Amount InCrore
Stock Price History · BSE
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Minimum Investment (Lot-wise)

CategoryLotsSharesAmount (₹)
Retail (Min)1180₹14,940
Retail (Max)132,340₹194,220
S-HNI (Min)142,520₹209,160
B-HNI (Min)6712,060₹1,000,980
Retail1 lot(s)180 shares₹14,940
S-HNI14 lot(s)2,520 shares₹209,160
B-HNI67 lot(s)12,060 shares₹1,000,980

Shareholding Pattern

Pre-Issue Shareholding66,820,852 shares%
Post-Issue Shareholding81,570,852 shares%
Reserved for Market Maker—

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

ROE21%
ROCE16%
RONW21%
PAT Margin7%
EBITDA Margin—
Debt/Equity1
P/BV3
Pre EPS₹5
Post EPS₹4
Pre P/E15
Post P/E19

Grey Market Premium (GMP)

— Current 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.

Company Information

AddressPlot No.192, Sector 1 Pithampur Dhar - 454775 Dhar, Madhya Pradesh