Shree Tirupati Balajee Agro Trading IPO
Shree Tirupati Balajee Agro Trading IPO open for bidding on 5th September 2024 and ends on 9th September 2024.
Shree Tirupati Balajee Agro Trading Company Limited, established in October 2001, is a leading entity in the agro-trading sector based in Pithampur, Madhya Pradesh. The company operates across a diverse range of agricultural products, including Flexible Intermediate Bulk Containers (FIBC), also known as jumbo bags, high-density polyethylene (HDPE), and polypropylene (PP) woven sacks. With a robust infrastructure comprising five manufacturing units, Shree Tirupati Balajee has the capacity to meet both domestic and international demand.
Over the past 23 years, the company has built a strong reputation for quality and reliability in the market, serving industries such as food grains, fertilizers, cement, chemicals, and pharmaceuticals. The company’s corporate office in Indore coordinates its expansive operations and strategic growth initiatives.
Shree Tirupati Balajee’s business model focuses on sustainability, innovation, and cost-efficiency, allowing it to achieve significant scale with an annual production capacity of over 50,000 metric tons. The company’s commitment to R&D ensures continuous product development and adherence to international quality standards.
For more details refer to Shree Tirupati Balajee Agro Trading IPO RHP and Shree Tirupati Balajee Agro Trading IPO Pulse Score
Shree Tirupati Balajee Agro Trading IPO Details
| IPO Date | 5th September 2024 to 9th September 2024 |
| Listing Date | 12th September 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹78 to ₹83 per share |
| Lot Size | 180 Shares |
| Total Issue Size | 2,04,40,000 shares (aggregating up to ₹169.65 Cr) |
| Fresh Issue | 1,47,50,000 shares (aggregating up to ₹122.43 Cr) |
| Offer for Sale | 56,90,000 shares of ₹10 (aggregating up to ₹47.23 Cr) |
| Issue Type | Book Built Issue IPO |
IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB | <50% |
| NII | >15% |
| bNII | 10% |
| sNII | 5% |
| Retail | >35% |
Shree Tirupati Balajee Agro Trading IPO Timeline
| IPO Open | 5th September 2024 |
| IPO Close | 9th September 2024 |
| Basis Of Allotment | 10th September 2024 |
| Initiation of Refunds | 11th September 2024 |
| Credit of Shares to Demat | 11th September 2024 |
| Listing Date | 12th September 2024 |
Fundamentals
Data as of 31st March 2024
| Market Cap | ₹677.04 Cr | P/E Ratio- Pre IPO | 15.37 |
| RoNW | 20.84% | P/E Ratio- Post IPO | 18.77 |
| RoCE | 16.29% | P/B Ratio | 3.01 |
| Debt to Equity | 1.41 | PAT Margin% | 6.53% |
Note: P/E Ratio -Pre IPO is calculated based on Pre-issue Shareholding and FY Earnings of March 2024. P/E Ratio- Post IPO is calculated based on Post-issue shareholding and annualized FY Earnings of March 2024.
Shree Tirupati Balajee Agro Trading IPO Objectives
The company proposes to utilize the Net Proceeds towards the funding of the following objects:
- 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 full, of certain of 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.
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