The Shree Tirupati Balajee Agro Trading Company Limited IPO is a significant event in the financial market, attracting both seasoned investors and newcomers. This IPO offers a combination of fresh shares and an offer for sale, presenting a unique opportunity for investors. In this article, we’ll cover everything you need to know about this IPO, from its key details to its financials, and even the steps to apply.
IPO Overview
| Particulars | Details |
|---|---|
| Company Name | Shree Tirupati Balajee Agro Trading Company Limited |
| Issue Type | Book Built Issue IPO |
| Issue Size | ₹169.65 Crores |
| Fresh Issue | ₹122.43 Crores (1.48 Crore Shares) |
| Offer for Sale | ₹47.23 Crores (0.57 Crore Shares) |
| Face Value | ₹10 per share |
| Listing At | BSE and NSE |
| Market Capitalization | ₹677.04 Crores |
The Shree Tirupati Balajee Agro IPO aims to raise funds for various purposes, including debt repayment, funding working capital requirements, and general corporate purposes.
Important Dates
| Event | Date |
|---|---|
| IPO Open Date | September 5, 2024 |
| IPO Close Date | September 9, 2024 |
| Basis of Allotment Date | September 10, 2024 |
| Initiation of Refunds | September 11, 2024 |
| Credit of Shares to Demat Account | September 11, 2024 |
| IPO Listing Date | September 12, 2024 |
These dates are crucial for potential investors planning to participate in the Shree Tirupati Balajee IPO Subscription process.
IPO Price Band and Lot Details
| Price Band | Minimum Lot Size | Minimum Investment (Retail) | Maximum Investment (Retail) |
|---|---|---|---|
| ₹78 to ₹83 per share | 180 Shares | ₹14,940 | ₹194,220 (13 Lots) |
For Non-Institutional Investors:
| Investor Category | Lot Size | Shares | Investment Amount |
|---|---|---|---|
| sNII (Small) | 14 Lots | 2,520 Shares | ₹209,160 |
| bNII (Big) | 67 Lots | 12,060 Shares | ₹1,000,980 |
The Shree Tirupati Balajee IPO Price Band offers flexibility for various types of investors, accommodating both small and large investment portfolios.
Company Profile
Shree Tirupati Balajee Agro Trading Company Limited was established in October 2001 and has since become a leading name in the production of Flexible Intermediate Bulk Containers (FIBCs), woven sacks, woven fabrics, narrow fabrics, and tapes. Catering to diverse industries such as chemicals, agriculture, food, mining, and waste disposal, the company has established a strong domestic and international presence.
Key Highlights:
- Operates five state-of-the-art manufacturing units with multiple certifications including ISO 9001:2015 and ISO 14001:2018.
- Strong workforce comprising 857 employees as of July 2024.
- Subsidiaries include Shree Tirupati Balajee FIBC, Honourable Packaging Private Limited (HPPL), and Jagannath Plastics Private Limited (JPPL).
- Recognized for quality and customization in bulk packaging solutions.
For more information about upcoming IPOs, visit our Upcoming IPO page.
Financial Highlights
| Financial Year | Revenue (₹ Crores) | Profit After Tax (₹ Crores) | Net Worth (₹ Crores) | Total Assets (₹ Crores) | Total Borrowing (₹ Crores) |
|---|---|---|---|---|---|
| 2021-2022 | 453.79 | 13.66 | 92.23 | 391.89 | 240.06 |
| 2022-2023 | 478.14 | 20.72 | 110.21 | 392.46 | 223.81 |
| 2023-2024 | 552.82 | 36.07 | 173.07 | 516.94 | 243.69 |
Key Performance Indicators:
| KPI | Value |
|---|---|
| Return on Equity (ROE) | 20.84% |
| Return on Capital Employed (ROCE) | 16.29% |
| Debt to Equity Ratio | 1.41 |
| Earnings Per Share (EPS) | ₹5.4 (Pre-IPO), ₹4.42 (Post-IPO) |
| Price to Earnings (P/E) Ratio | 15.37x (Pre-IPO), 18.77x (Post-IPO) |
| Profit After Tax Margin | 6.53% |
The Shree Tirupati Balajee Agro Trading Financials showcase consistent growth and profitability, indicating a stable and promising investment opportunity.
How to Apply for the IPO
Investors can apply for the Shree Tirupati Balajee Agro Trading Company Limited IPO through two primary methods:
1. UPI Method
- Step 1: Login to your trading account with brokers like Zerodha, Upstox, or 5Paisa.
- Step 2: Navigate to the IPO section and select Shree Tirupati Balajee Agro IPO.
- Step 3: Enter the number of shares and bid price within the specified price band.
- Step 4: Enter your UPI ID and submit the application.
- Step 5: Approve the mandate request on your UPI app to complete the process.
2. ASBA Method
- Step 1: Login to your net banking account (e.g., ICICI Bank, HDFC Bank, SBI).
- Step 2: Go to the ASBA services section and select IPO Application.
- Step 3: Choose Shree Tirupati Balajee Agro Trading Company Limited IPO from the list.
- Step 4: Fill in the required details, including the number of shares and bid price.
- Step 5: Submit the application to block the funds in your account.
For detailed guidance, refer to our IPO Review and IPO Subscription pages.
FAQ Section
Q1: What is the Shree Tirupati Balajee Agro Trading Company Limited IPO?
A: The Shree Tirupati Balajee IPO is a public offering that allows investors to buy shares in Shree Tirupati Balajee Agro Trading Company Limited. The IPO includes a fresh issue of shares and an offer for sale.
Q2: How do I apply for the Shree Tirupati Balajee IPO?
A: Investors can apply using either UPI or ASBA as payment methods. UPI applications can be done through brokers like Zerodha, while ASBA is available through your bank’s net banking service.
Q3: What is the price band for the Shree Tirupati Balajee IPO?
A: The Shree Tirupati Balajee IPO Price Band is set between ₹78 to ₹83 per share.
Q4: When will the Shree Tirupati Balajee IPO allotment be finalized?
A: The allotment is expected to be finalized on September 10, 2024.
Q5: What is the listing date for the Shree Tirupati Balajee IPO?
A: The IPO is expected to list on September 12, 2024, on BSE and NSE.
Conclusion
The Shree Tirupati Balajee Agro Trading Company Limited IPO presents a promising opportunity for investors. With strong financials and a solid market presence, this IPO is expected to generate significant interest. Investors are advised to stay informed and consider their investment options carefully.
For more detailed insights, visit our Upcoming IPO page.
Disclaimer: Investments in the Stock Market are subject to market risks. Read all scheme-related documents carefully before investing. All the information provided on our IPO Portal is for education purposes only. We do not claim any facts and figures mentioned here. We are not SEBI Registered.
