SHREE TIRUPATI BALAJEE AGRO TRADING COMPANY LIMITED IPO
₹ 78 - ₹ 83
05-Sep-2024 - 09-Sep-2024
₹ 14940.00

/ 180 Shares

SHREE TIRUPATI BALAJEE AGRO TRADING COMPANY LIMITED IPO

05-Sep-2024 - 09-Sep-2024

₹ 78 - ₹ 83

Price Band

₹ 14940.00

Minimum Investment

180

Bid Lot

20,440,000

Shares

IPO Details

Fresh Issue of 1,47,50,000 Equity Shares + Offer for Sale of Up to 56,90,000 Equity Shares

Category % Shares/Amount
QIB 50% 10,220,000 Shares Rs.84.83 Cr
HNI 1 5% 1,022,000 Shares Rs.8.48 Cr @ 406 Form 1X
HNI 2 10% 2,044,000 Shares Rs.16.97 Cr @ 811 Form 1X
Retail 35% 7,154,000 Shares Rs.59.38 Cr @ 39744 Form 1X

BRLMs: PNB Investment Services, Unistone Capital Pvt. Ltd

Application Require for 1 Time

Retail (Upto 2 Lakh) HNI (2 Lakh to 10 Lakh) HNI (Above 10 Lakh)
39744 Form 1X 406 Form 1X 811 Form 1X

IPO Lot Size

Category Lots Shares Amount
Retail (Upto 2 Lakh) 1 180 ₹ 14,940
Retail (Upto 2 Lakh) 13 2340 ₹ 194,220
S-HNI (2 Lakh to 10 Lakh) 14 2520 ₹ 209,160
S-HNI (2 Lakh to 10 Lakh) 66 11880 ₹ 986,040
B-HNI (Above 10 Lakh) 67 12060 ₹ 1,000,980

IPO Timeline

  • Open Date

    05-Sep-2024

  • Close Date

    09-Sep-2024

  • Basis of Allotment Date

    10-Sep-2024

  • Initiation of Refunds

    11-Sep-2024

  • Credit Shares to Demat A/c

    11-Sep-2024

  • IPO Listing Date

    12-Sep-2024

Subscription as on
10-Sep-2024 16:37

Category Book Size Subscription No. of Times
QIB 4,088,000 ₹ 33.93 Cr. 368,282,700 ₹ 3056.75 Cr. 90.09x
HNI (<10 LAKH) 1,022,000 ₹ 8.48 Cr. 91,496,880 ₹ 759.42 Cr. 89.53x
HNI2 (>10 LAKH) 2,044,000 ₹ 16.97 Cr. 239,171,760 ₹ 1985.13 Cr. 117.01x
RETAIL 7,154,000 ₹ 59.38 Cr. 288,122,220 ₹ 2391.41 Cr. 40.27x
Total 14,308,000 987,073,560 68.99x
Category Book Size Subscription No. of Times
QIB 4,088,000 ₹ 33.93 Cr. 368,282,700 ₹ 3056.75 Cr. 90.09x
HNI (<10 LAKH) 1,022,000 ₹ 8.48 Cr. 91,496,880 ₹ 759.42 Cr. 89.53x
HNI2 (>10 LAKH) 2,044,000 ₹ 16.97 Cr. 239,171,760 ₹ 1985.13 Cr. 117.01x
RETAIL 7,154,000 ₹ 59.38 Cr. 288,122,220 ₹ 2391.41 Cr. 40.27x
Total 14,308,000 987,073,560 68.99x

*Excluding Anchor

Total No. of Application Approx : ~1322661 (33.28 Appwise)

Disclaimer: The above-mentioned information / data are sourced from the websites of National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) and are subject to change on real time basis. For updated information / data you can visit their respective website. The information / data provided herein above are for information purpose only and provided "AS IS" and "AS AVAILABLE" basis and without warranty, express or implied. We do not guarantee or warrant the accuracy, adequacy or completeness of the information received through the said websites. “We” hold not responsibility of any kind as regard to any discrepancies, errors, omissions, losses or damages. “We” including its affiliates and any of its officers, directors, personnel and employees, shall not liable for any loss, damage of any nature, including but not limited to direct, indirect, punitive, special, exemplary, consequential, as also any loss of profit in any way arising from the use of information / data received through the said websites. The recipient alone shall be fully responsible / are liable for any decision taken on the basis of such information / data. All recipients should before acting upon the said information make their own investigation, seek appropriate professional advice.

About Company

  1. The Company was originally incorporated as ‘Shree Tirupati Balajee Agro
  2. Trading Company Pvt. Ltd’, in October 2001. Upon the conversion into a public
  3. limited company, the name was changed to “Shree Tirupati Balajee Agro Trading
  4. Company Ltd” in November 2023. The company engaged in the business of
  5. manufacturing and selling of Flexible Intermediate Bulk Containers and other
  6. industrial packaging products such as woven sacks, woven fabric and narrow
  7. fabric, tapes in the Indian domestic market and overseas.
  8. ? The company cater to the bulk packaging solutions of its clients from diverse
  9. industries like chemicals, agrochemicals, food mining, waste disposal industry,
  10. agriculture industry, lubricants and edible oil.
  11. ? The company’s product portfolio comprises of industrial and consumer
  12. packaging solutions, lifestyle products, automotive components, healthcare
  13. products and construction related products.
  14. ? The company’s products include UN certified bulk Bags, thermal insulation bags,
  15. Type C bags, patented Aero-polymesh bags, fire retardant bags, shape-lock
  16. bags, rodent repellent bags, multi-layer liner bags, drum bags, container line
  17. bags, bags made of recycled PP, BOPP printed bags, asbestos bags, sift proof
  18. bags, Type D bags and specialized PP woven bags.
  19. ? The company owns and operates 5 Manufacturing Facilities strategically
  20. located at Indore (Madhya Pradesh). The units are in proximity to Mumbai and
  21. major industrial zones having good connectivity to ports, airports, and
  22. highways. The manufacturing facilities are spread across 21,613 Sq. Mtr., with
  23. an installed extrudious capacity of ~2,300 Mt/ month and its utilized capacity
  24. of ~2,200 Mt/ month.
  25. ? The company also operates and manages the business through its subsidiaries
  26. viz. Honourable Packaging Pvt. Ltd (HPPL), Shree Tirupati Balajee FIBC Ltd
  27. (STBFL) and Jagannath Plastics Pvt. Ltd (JPPL).
  28. ? The company’s manufacturing units I and II hold ISO 9001:2015 and ISO
  29. 22000:2018 certifications. The company’s Unit III is certified with ISO
  30. 9001:2015, ISO 14001:2015, ISO 45001:2018, ISO 22000:2018, and SEDEX
  31. SMETA four-pillar.
  32. ? The company has in-house product development facilities. The company has 1
  33. granted patent and 2 pending patents for its developed products.
  34. ? The company’s revenues from operations have grown from ? 444.18 Cr in
  35. FY2022 to ? 539.66 Cr in FY2024, while the EBITDA margins have increased from
  36. 8.93% to 13.58% during the same period. The company’s total borrowings stood
  37. at ? 243.68 Cr in FY2024.
Read More

Strengths

Competitive Strength 

  • Diverse customer base
  • Cost-Effectiveness of FIBCs
  • Multi- product portfolio
  • Integrated Manufacturing Facility
  • Quality Standard Certifications & Quality Tests
  • Experienced Promoter and senior management team
  • Multi-market Company
  • Product Development Capabilities 
  • Growing Demand for Sustainable Packaging Solutions

 Business Strategies 

  • Focus on core competence
  • Multi- Location Facilities
  • Developing the new product line
  • Global and Domestic Presence

Company Promoters

Company Financials

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

Objects of the Issue

The company intend to utilize the net proceeds of the Fresh Issue to meet the following objects:

  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 and
  5. General corporate purposes.

How to Apply

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  • Step 01 :

    Once you create your account, Login to Us.

  • Step 02 :

    Under IPO Section, you will be able to see a list of Ongoing IPOs, where you can click on apply button.

  • Step 03 :

    Add quantity of shares to apply – Maximum 3 bids are allowed (For retail category – max amount Rs.2,00,000/-).

  • Step 04 :

    Enter your UPI ID and you will receive mandate on your UPI App.

  • Step 05 :

    Once you accept the mandate, Application is submitted successful.

  • Applying for an IPO is easier than ever with Us, in just a few clicks your application is processed. You can bid for any IPO through Us, the bidding process is simple and hassle free. Every company has a lot size decided & you can buy in multiples of the decided lot.
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  • Enter the number of shares you wish to buy, as per the lot size.
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  • The limit for IPO application is Rs 2 lakh per transaction on UPI.
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