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Shree Tirupati Balajee IPO is a book built issue of Rs 169.65 crores. The issue is a combination of fresh issue of 1.48 crore shares aggregating to Rs 122.43 crores and offer for sale of 0.57 crore shares aggregating to Rs 47.23 crores.
Shree Tirupati Balajee IPO bidding opened for subscription on September 5, 2024 and will close on September 9, 2024. The allotment for the Shree Tirupati Balajee IPO is expected to be finalized on Tuesday, September 10, 2024. Shree Tirupati Balajee IPO will list on BSE, NSE with tentative listing date fixed as Thursday, September 12, 2024.
Shree Tirupati Balajee IPO price band is set at ₹78 to ₹83 per share. The minimum lot size for an application is 180 Shares. The minimum amount of investment required by retail investors is ₹14,940. The minimum lot size investment for sNII is 14 lots (2,520 shares), amounting to ₹209,160, and for bNII, it is 67 lots (12,060 shares), amounting to ₹1,000,980.
Pnb Investment Services Ltd and Unistone Capital Pvt Ltd are the book running lead managers of the Shree Tirupati Balajee IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Shree Tirupati Balajee IPO RHP for detailed information.
| IPO Date | September 5, 2024 to September 9, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹78 to ₹83 per share |
| Lot Size | 180 Shares |
| Total Issue Size | 20,440,000 shares (aggregating up to ₹169.65 Cr) |
| Fresh Issue | 14,750,000 shares (aggregating up to ₹122.43 Cr) |
| Offer for Sale | 5,690,000 shares of ₹10 (aggregating up to ₹47.23 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 66,820,852 |
| Share holding post issue | 81,570,852 |
Shree Tirupati Balajee IPO offers 2,04,40,000 shares. 40,88,000 (20%) to QIB, 30,66,000 (15%) to NII, 71,54,000 (35%) to RII and 61,32,000 (30%) to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 61,32,000 (30%) | NA |
| QIB Shares Offered | 40,88,000 (20%) | NA |
| NII (HNI) Shares Offered | 30,66,000 (15%) | |
| bNII > ₹10L | 20,44,000 (10%) | 811 |
| sNII < ₹10L | 10,22,000 (5%) | 405 |
| Retail Shares Offered | 71,54,000 (35%) | 39,744 |
| Total Shares Offered | 2,04,40,000 (100%) |
Shree Tirupati Balajee IPO raises Rs 50.90 crore from anchor investors. Shree Tirupati Balajee IPO Anchor bid date is September 4, 2024. Shree Tirupati Balajee IPO Anchor Investors list
| Bid Date | September 4, 2024 |
| Shares Offered | 6,132,000 |
| Anchor Portion Size (In Cr.) | 50.90 |
| Anchor lock-in period end date for 50% shares (30 Days) | October 10, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | December 9, 2024 |
Shree Tirupati Balajee IPO opens on September 5, 2024, and closes on September 9, 2024.
| IPO Open Date | Thursday, September 5, 2024 |
| IPO Close Date | Monday, September 9, 2024 |
| Basis of Allotment | Tuesday, September 10, 2024 |
| Initiation of Refunds | Wednesday, September 11, 2024 |
| Credit of Shares to Demat | Wednesday, September 11, 2024 |
| Listing Date | Thursday, September 12, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 9, 2024 |
Investors can bid for a minimum of 180 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| 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 |
| Lot Size Calculator | |||
The promoter of the company is Binod Kumar Agarwal.
| Share Holding Pre Issue | 88.38% |
| Share Holding Post Issue | 65.42% |
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.
Shree Tirupati Balajee Agro Trading Company Limited's revenue increased by 16% and profit after tax (PAT) rose by 74% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | |||||||||||||||||||||||||||
| Assets | 516.94 | 392.46 | 391.89 | |||||||||||||||||||||||||||
| Revenue | 552.82 | 478.14 | 453.79 | |||||||||||||||||||||||||||
| Profit After Tax | 36.07 | 20.72 | 13.66 | |||||||||||||||||||||||||||
| Net Worth | 173.07 | 110.21 | 92.23 | |||||||||||||||||||||||||||
| Reserves and Surplus | 106.24 | 109.05 | ||||||||||||||||||||||||||||
| Total Borrowing | 243.69 | 223.81 | 240.06 | |||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||
The market capitalization of Shree Tirupati Balajee IPO is Rs 677.04 Cr.
KPI as of March 31, 2024.
| KPI | Values |
|---|---|
| ROE | 20.84% |
| ROCE | 16.29% |
| Debt/Equity | 1.41 |
| RoNW | 20.84% |
| P/BV | 3.01 |
| PAT Margin (%) | 6.53 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 5.4 | 4.42 |
| P/E (x) | 15.37 | 18.77 |
The company intend to utilize the net proceeds of the Fresh Issue to meet the following objects:
[Dilip Davda] The company is in the business of manufacturing and marketing of FIBCs and other industrial packaging products. It posted steady growth for the last three fiscals in its top and bottom lines. Based on FY24 earnings, the issue appears relatively fully priced. Well-informed investors may park funds for the medium to long term. Read detail review...
The Shree Tirupati Balajee IPO is subscribed 18.34 times on September 6, 2024 7:02:08 PM. The public issue subscribed 21.73 times in the retail category, 4.69 times in the QIB category, and 28.64 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 4.69 |
| NII | 28.64 |
| bNII (bids above ₹10L) | 27.84 |
| sNII (bids below ₹10L) | 30.24 |
| Retail | 21.73 |
| Total | 18.34 |
Total Application : 708,902 (17.84 times)
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/
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 IPO is a main-board IPO of 20,440,000 equity shares of the face value of ₹10 aggregating up to ₹169.65 Crores. The issue is priced at ₹78 to ₹83 per share. The minimum order quantity is 180 Shares.
The IPO opens on September 5, 2024, and closes on September 9, 2024.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Shree Tirupati Balajee IPO using UPI as a payment gateway. Zerodha customers can apply in Shree Tirupati Balajee IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Shree Tirupati Balajee IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Shree Tirupati Balajee IPO opens on September 5, 2024 and closes on September 9, 2024.
Shree Tirupati Balajee IPO lot size is 180 Shares, and the minimum amount required is ₹14,940.
You can apply in Shree Tirupati Balajee IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Shree Tirupati Balajee IPO will be done on Tuesday, September 10, 2024, and the allotted shares will be credited to your demat account by Wednesday, September 11, 2024. Check the Shree Tirupati Balajee IPO allotment status.
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