Shree Tirupati Balajee Agro Trading Company Limited IPO And Its GMP IPO Details
| Detail | Description |
|---|---|
| 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 | 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 |
| Listing At | BSE, NSE |
| Shareholding pre issue | 6,68,20,852 |
| Share holding post issue | 8,15,70,852 |
About Shree Tirupati Balajee Agro Trading Company Limited IPO And Its GMP
Shree Tirupati Balajee Agro Trading Company Limited is engaged in the business of manufacturing and selling Flexible Intermediate Bulk Containers (FIBCs) i.e. large flexible bags and other industrial packaging products such as woven sacks, woven fabric and narrow fabric and tapes in the Indian domestic market and overseas.
They offer customized products and cater to the bulk packaging solutions of their clients from diverse industries like chemicals, agrochemicals, food mining, waste disposal industry, agriculture industry, lubricants and edible oil by supplying them with their FIBC products for transportation purposes and their packaging requirements. The company offers an alternative for packaging and transportation, streamlining the loading and unloading processes of vessels, containers, or trucks, thereby reducing labor requirements.
Book Running Lead Managers:
- ● PNB Investment Services Ltd
- ● Unistone Capital Pvt Ltd
Registrar:
- ● Link Intime India Private Ltd
Shree Tirupati Balajee IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Net Issue |
Company & Financials
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).
Objectives of Shree Tirupati Balajee IPO
The company intend to utilize the net proceeds of the Fresh Issue to meet the following objectives:
- 1. Repayment and/or prepayment, in part or full, of certain of the outstanding borrowings availed by the Company.
- 2. Investment in the subsidiaries HPPL, STBFL and JPPL for Repayment and/or prepayment, in part or whole, of certain outstanding borrowings availed.
- 3. Funding the incremental working capital requirements of the company;
- 4. Investment in the subsidiaries HPPL, STBFL and JPPL for funding working capital requirements.
- 5. General corporate purposes.
Shree Tirupati Balajee IPO Review
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.
Shree Tirupati Balajee Agro Trading Company Limited IPO And Its GMP Financial Information
Latest Revenue
₹ 552.82 Cr
Profit After Tax
₹ 36.07 Cr
Net Worth
₹ 173.07 Cr
Total Borrowing
₹ 243.69 Cr
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Total Borrowing |
|---|---|---|---|---|---|
| 31 Mar 2024 | 31 Mar 2024 | 552.82 | 36.07 | 173.07 | 243.69 |
| 31 Mar 2023 | 392.46 | 478.14 | 20.72 | 110.21 | 223.81 |
| 31 Mar 2022 | 391.89 | 453.79 | 13.66 | 92.23 | 240.06 |
| Amount in ₹ Crore | |||||
Shree Tirupati Balajee Agro Trading Company Limited IPO And Its GMP IPO GMP (Grey Market Premium)
“Grey Market Premium” or GMP is defined as the rate at which the IPO's shares are traded in the market before they are officially listed on the stock exchange.
The Shree Tirupati Balajee Agro Trading Company Limited IPO And Its GMP IPO GMP is currently trading at ₹23, reflecting the sentiment of unofficial investors before the official listing. This premium suggests a potential listing price of ₹106, which is 27.71% above the issue price. While the Grey Market Premium is a key indicator of demand and investor appetite, it is important to remember that GMP is highly volatile and should not be the sole factor in your investment decisions.
IPO Estimated Listing Return
Based on the IPO Price of ₹83 (highest price band), the latest uploaded Grey Market Premium (GMP) of ₹23 and a lot size of 180 shares.
Shree Tirupati Balajee Agro Trading Company Limited IPO And Its GMP IPO GMP TREND (DAILY UPDATES)
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| 2024-09-11 | ₹83 | ₹23.0 (28%) | 2024-09-11 |
Shree Tirupati Balajee Agro Trading Company Limited IPO And Its GMP Key Performance Indicator
| 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 |
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Competitive Strengths
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Shree Tirupati Balajee Agro Trading Company Limited IPO And Its GMP IPO Timeline
| 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 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 180 | ₹ 14,940 |
| Retail (Max) | 13 | 2,340 | ₹ 1,94,220 |
| S-HNI (Min) | 14 | 2,520 | ₹ 2,09,160 |
| S-HNI (Max) | 66 | 11,880 | ₹ 9,86,040 |
| B-HNI (Min) | 67 | 12,060 | ₹ 10,00,980 |