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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.
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IPO OVERVIEW
- ● Issue Size: ₹169.65 crores
- ○ Fresh Issue: 1.48 crore shares, aggregating to ₹122.43 crores
- ○ Offer for Sale: 0.57 crore shares, aggregating to ₹47.23 crores
- ● Subscription Dates: September 5, 2024, to September 9, 2024
- ● Price Band: ₹78 to ₹83 per share
- ● Minimum Lot Size: 180 shares
- Book Running Lead Managers:
- ● PNB Investment Services Ltd
- ● Unistone Capital Pvt Ltd
- Registrar:
- ● Link Intime India Private Ltd
WHAT IS GMP?
GMP stands for Grey Market Premium, and if you are planning your IPO then GMP plays an important role. A grey market is a place where stocks/shares get traded before getting officially listed on any stock exchange. The difference between the IPO price and the grey market price is known as GMP (grey market premium). GMP is a premium amount paid at which initial public offering (IPO) shares are traded before it is listed on the stock exchanges.
Shree Tirupati Balajee IPO GMP
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| 11-09-2024 | 83 | 23.0 (28%) | 11-Sep-2024 12:25 |
| 10-09-2024 | 83 | 35.0 (42%) | 10-Sep-2024 12:15 |
| 09-09-2024 | 83 | 60.0 (72%) | 09-Sep-2024 12:20 |
| 06-09-2024 | 83 | 40.0 (48%) | 06-Sep-2024 12:15 |
| 05-09-2024 | 83 | 30.0 (36%) | 05-Sep-2024 13:15 |
| 04-09-2024 | 83 | 21.0 (25%) | 04-Sep-2024 11:20 |
| 03-09-2024 | 83 | 8.0 (10%) | 03-Sep-2024 13:10 |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Shree Tirupati Balajee IPO Overview
| 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 | 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 |
| Shareholding pre issue | 66,820,852 |
| Share holding post issue | 81,570,852 |
Shree Tirupati Balajee IPO Timeline (Tentative Schedule)
| Detail | Description |
|---|---|
| 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 |
Shree Tirupati Balajee IPO Lot Size
| 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 |
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 |
Shree Tirupati Balajee IPO Promoter Holding
| Share Holding Pre Issue | 88.38% |
| Share Holding Post 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).
Shree Tirupati Balajee Agro Trading Company Limited Financial Information
| 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 | ||||||||||||||||||||||||||||||||||||||||
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 |
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.
FAQs for Shree Tirupati Balajee Agro Trading IPO
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What is Shree Tirupati Balajee Agro Trading IPO?
Shree Tirupati Balajee Agro Trading IPO is a main-board IPO. The company is going to raise ₹169.65 crores via an IPO. The issue is priced at ₹78 to ₹83 per equity share and will be listed on the BSE and NSE.
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When will Shree Tirupati Balajee Agro Trading IPO open for subscription?
The IPO will open on September 5, 2024, for QIB, NII, and Retail Investors. The IPO will close on September 9, 2024.
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What is Shree Tirupati Balajee Agro Trading IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
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What is Shree Tirupati Balajee Agro Trading Issue Size?
Shree Tirupati Balajee Agro Trading issue size is ₹169.65 crores.
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What is Shree Tirupati Balajee Agro Trading IPO Price Band?
Shree Tirupati Balajee Agro Trading IPO Price Band is₹78 to ₹83.
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What is Shree Tirupati Balajee Agro Trading IPO Lot Size?
The minimum bid is 180 Shares with ₹14,940.
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What is the Shree Tirupati Balajee Agro Trading IPO Allotment Date?
Shree Tirupati Balajee Agro Trading IPO allotment date is September 10, 2024.
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What is the Shree Tirupati Balajee Agro Trading IPO Listing Date?
Shree Tirupati Balajee Agro Trading IPO listing date is September 12, 2024. The IPO is to be listed on BSE and NSE.
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What is the current GMP of the Shree Tirupati Balajee Agro Trading?
The current GMP of Shree Tirupati Balajee Agro Trading is 23.0 (28%).
RHP:
RHP of Shree Tirupati Balajee Agro Trading Company Limited IPO.
DRHP:
DRHP of Shree Tirupati Balajee Agro Trading Company Limited IPO.
-
What is Shree Tirupati Balajee Agro Trading IPO?
Shree Tirupati Balajee Agro Trading IPO is a main-board IPO. The company is going to raise ₹169.65 crores via an IPO. The issue is priced at ₹78 to ₹83 per equity share and will be listed on the BSE and NSE.
-
When will Shree Tirupati Balajee Agro Trading IPO open for subscription?
The IPO will open on September 5, 2024, for QIB, NII, and Retail Investors. The IPO will close on September 9, 2024.
-
What is Shree Tirupati Balajee Agro Trading IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
-
What is Shree Tirupati Balajee Agro Trading Issue Size?
Shree Tirupati Balajee Agro Trading issue size is ₹169.65 crores.
-
What is Shree Tirupati Balajee Agro Trading IPO Price Band?
Shree Tirupati Balajee Agro Trading IPO Price Band is₹78 to ₹83.
-
What is Shree Tirupati Balajee Agro Trading IPO Lot Size?
The minimum bid is 180 Shares with ₹14,940.
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What is the Shree Tirupati Balajee Agro Trading IPO Allotment Date?
Shree Tirupati Balajee Agro Trading IPO allotment date is September 10, 2024.
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What is the Shree Tirupati Balajee Agro Trading IPO Listing Date?
Shree Tirupati Balajee Agro Trading IPO listing date is September 12, 2024. The IPO is to be listed on BSE and NSE.
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What is the current GMP of the Shree Tirupati Balajee Agro Trading?
The current GMP of Shree Tirupati Balajee Agro Trading is 23.0 (28%).
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