Shree Tirupati Balajee IPO stock market growth and industrial packaging.
Shree Tirupati Balajee IPO: Key Information
The Shree Tirupati Balajee IPO is an exciting opportunity for investors looking to invest in the Indian stock market. The IPO is a book-built issue worth ₹169.65 crores, consisting of a fresh issue and an offer for sale (OFS). The fresh issue aggregates to ₹122.43 crores, while the OFS aggregates to ₹47.23 crores.
The IPO opened on September 5, 2024, and will close on September 9, 2024. Investors can apply for shares in multiples of 180, with a minimum investment of ₹14,940 for retail investors. The shares will be listed on BSE and NSE, with the listing date expected on September 12, 2024.
Shree Tirupati Balajee IPO Price Band and Lot Size
The price band for the Shree Tirupati Balajee IPO is set between ₹78 and ₹83 per share. Retail investors need to apply for at least 180 shares, making the minimum investment ₹14,940. For High Net Worth Individuals (HNIs), the sNII category requires an investment of ₹209,160 (2,520 shares), and the bNII category requires ₹1,000,980 (12,060 shares).
| Category | Shares | Amount (₹) |
|---|---|---|
| Retail (Min) | 180 | 14,940 |
| sNII (Min) | 2,520 | 209,160 |
| bNII (Min) | 12,060 | 1,000,980 |
How to Apply for Shree Tirupati Balajee IPO
Investors can apply for the Shree Tirupati Balajee IPO through online and offline channels. Most brokers offer the convenience of applying through UPI-based systems. Below are the key dates:
- Open Date: September 5, 2024
- Close Date: September 9, 2024
- Allotment Date: September 10, 2024
- Listing Date: September 12, 2024
Also Read -: ECO Mobility IPO: A Comprehensive Guide to the ₹601.20 Crore Public Issue
Here are a few suggestions for outbound dofollow links:
- SEBI – Initial Public Offerings (IPOs): Learn more about IPO regulations on the Securities and Exchange Board of India (SEBI) website.
- NSE India – IPO Listings: View the official listing details on the National Stock Exchange (NSE) website.
- BSE India – Shree Tirupati Balajee IPO Details: Find more details on the Bombay Stock Exchange (BSE) platform.
Shree Tirupati Balajee IPO Financials
Shree Tirupati Balajee Agro Trading Company Limited, the company behind the IPO, has shown remarkable growth over the years. The company’s revenue grew by 16%, and profit after tax (PAT) surged by 74% between FY 2023 and FY 2024. Here’s a snapshot of their financials:
| Period Ended | Revenue (₹ Cr) | PAT (₹ Cr) | Assets (₹ Cr) |
|---|---|---|---|
| 31 Mar 2024 | 552.82 | 36.07 | 516.94 |
| 31 Mar 2023 | 478.14 | 20.72 | 392.46 |
Shree Tirupati Balajee IPO Promoter Holding
The promoter of the company is Binod Kumar Agarwal. The shareholding structure before and after the issue is as follows:
- Pre-Issue Holding: 88.38%
- Post-Issue Holding: 65.42%
Shree Tirupati Balajee IPO Anchor Investors
The Shree Tirupati Balajee IPO has garnered significant interest from anchor investors, raising ₹50.90 crores on September 4, 2024.
| Category | Shares Offered | Amount (₹ Cr) |
|---|---|---|
| Anchor Investors | 61,32,000 | 50.90 |
About Shree Tirupati Balajee Agro Trading Company Limited
Established in 2001, Shree Tirupati Balajee Agro Trading Company Limited is a leading manufacturer of Flexible Intermediate Bulk Containers (FIBCs) and other industrial packaging products. The company serves various industries, including chemicals, agrochemicals, food, mining, and agriculture.
Shree Tirupati Balajee IPO Key Performance Indicators (KPIs)
Market Capitalization: ₹677.04 crore
ROE: 20.84%
ROCE: 16.29%
Debt/Equity: 1.41
Shree Tirupati Balajee IPO: Growth Potential and Future Prospects
The Shree Tirupati Balajee IPO is expected to bring significant growth opportunities for the company. With its established market presence and diverse product offerings, the company is well-positioned to tap into the increasing demand for industrial packaging solutions, both domestically and internationally. The company’s financial growth, with a 16% increase in revenue and a 74% rise in profits over the past year, demonstrates its strong operational performance and resilience in a competitive market. Moreover, its expansion into eco-friendly packaging materials aligns with global trends, providing a sustainable edge that could further enhance its market share. Investors looking for long-term growth prospects may find this IPO particularly attractive.
Company Overview
Shree Tirupati Balajee Agro Trading Company Limited, established in 2001, is a key player in the production of Flexible Intermediate Bulk Containers (FIBCs) and other industrial packaging products. The company serves various industries, including chemicals, agriculture, and food. The company operates five ISO-certified manufacturing units.