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Shree Tirupati Balajee Agro Trading Co. Ltd IPO: Things Smart Investors Need to Know

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Shree Tirupati Balajee Agro Trading Co. Ltd is a prominent entity in India’s agricultural trading industry. Its core business involves the trading, processing, and distribution of key agricultural commodities, including grains, pulses, and oilseeds. The company prides itself on establishing strong relationships with farmers and suppliers, ensuring a reliable and quality-driven supply chain. By sourcing products from various regions across the country, Shree Tirupati Balajee Agro Trading Co. Ltd has successfully created a diverse product portfolio that caters to both domestic and international markets. The company’s competitive edge lies in its efficient supply chain management, innovative practices, and commitment to sustainability. In terms of market position, it has steadily built a reputation as a reliable supplier within the agro-trading sector. As global demand for agricultural products rises, Shree Tirupati Balajee Agro Trading Co. Ltd is well-positioned to expand its market share, leveraging its operational strengths and market knowledge to sustain growth.

Shree Tirupati Balajee Agro Trading Co. Ltd IPO Details and Objectives

The Shree Tirupati Balajee Agro Trading Co. Ltd IPO is a significant step for the company, aimed at raising capital to enhance its financial standing and market presence. This initial public offering provides investors with an opportunity to support a company that has a diversified portfolio in the agro and industrial packaging sectors. The funds raised will be directed towards business expansion, debt reduction, and general corporate purposes, helping the company strengthen its market position domestically and internationally.

Purpose of the IPO

  • To raise capital for business expansion into new markets.

  • To improve operational efficiency and invest in advanced packaging technologies.

  • To repay certain outstanding borrowings and support the company’s financial health.

Expected Funds to be Raised

  • The company aims to raise approximately ₹169.65 crore through the IPO.

  • The offering includes a fresh issue of ₹122.43 crore and an offer-for-sale (OFS) of ₹47.23 crore.

  • These funds will be used for working capital, debt repayment, and investments in the company’s subsidiaries​.

Key Dates to Remember

Here are the vital dates to keep in mind for the Shree Tirupati Balajee Agro Trading Co. Ltd IPO:

Shree Tirupati Balajee Agro Trading Co. Ltd IPO Opening and Closing Dates

  • IPO Opening Date: 5th September 2024

  • IPO Closing Date: 9th September 2024

Listing Date

  • Tentative Listing Date: 12th September 2024

These dates outline the key milestones for participating in the Shree Tirupati Balajee Agro Trading Co. Ltd IPO, ensuring you don’t miss any important deadlines. You can participate in the IPO during the subscription window and keep track of the listing date for when the shares are available on the market​.

Pricing and Lot Size of Shree Tirupati Balajee Agro Trading Co. Ltd IPO

Below are the key pricing and application details for the Shree Tirupati Balajee Agro Trading Co. Ltd IPO:

Price Band for the IPO

  • Price Band: ₹78 to ₹83 per share.

Minimum Lot Size and Application Details

  • Minimum Lot Size: 180 shares.

  • Minimum Investment for Retail Investors: ₹14,940.

These figures provide potential investors with a clear understanding of the investment requirements for the IPO, helping them plan their application and funding accordingly.

How to Apply for the IPO of Shree Tirupati Balajee Agro Trading Co. Ltd

Applying for the Shree Tirupati Balajee Agro Trading Co. Ltd IPO is a simple process for both retail and institutional investors. Follow these steps for the online application:

Online Application Process

  • Step 1: Log in to your online trading or bank account that supports IPO applications.

  • Step 2: Navigate to the IPO section and select "Shree Tirupati Balajee Agro Trading Co. Ltd IPO."

  • Step 3: Enter the number of shares you wish to bid for within the price band (₹78 to ₹83 per share).

  • Step 4: Choose the cut-off price if applicable and confirm your application.

  • Step 5: Make the payment using UPI or ASBA (Application Supported by Blocked Amount).

  • Step 6: Wait for the allotment confirmation after the bidding process is complete.

This process ensures a smooth and secure method for investors to participate in the IPO.

Financial Health and Performance

Shree Tirupati Balajee Agro Trading Co. Ltd has demonstrated solid financial growth over the past few years. Below are key financial metrics and insights into the company’s recent performance.

Key Financial Metrics

  • Assets (FY 2024): ₹516.94 crore

  • Revenue (FY 2024): ₹552.82 crore

  • Profit After Tax (FY 2024): ₹36.07 crore

  • Debt-to-Equity Ratio: 1.41

  • Return on Net Worth (RoNW): 20.84%

Recent Performance and Growth Prospects

  • The company’s revenue grew by 16% from FY 2023 to FY 2024, reflecting strong operational efficiency.

  • Profit after tax saw a significant increase of 74% over the same period.

  • Shree Tirupati Balajee Agro's expansion in the domestic and international markets, supported by its product diversification, positions it well for continued growth in the industrial packaging sector.

These metrics highlight the company’s financial strength and its ability to maintain steady growth.

Investment Risks and Opportunities

When considering the Shree Tirupati Balajee Agro Trading Co. Ltd IPO, potential investors should carefully evaluate the risks and opportunities associated with this offering.

Potential Risks of Investing in the IPO

  • The company has a debt-to-equity ratio of 1.41, which may present challenges in managing liabilities during economic downturns.

  • Fluctuations in the agro-trading sector or unexpected regulatory changes could impact profitability and growth prospects.

  • The company’s reliance on the international market might expose it to global economic uncertainties, affecting export revenues.

Opportunities and Growth Potential

  • Shree Tirupati Balajee Agro Trading Co. Ltd has shown strong profit growth, with a 74% increase in profit after tax (PAT) from FY 2023 to FY 2024.

  • The company’s expansion into new markets and investment in technology provide significant growth potential.

  • With its diversified product offerings, the company is well-positioned to capture more market share in the agro and industrial packaging sectors.

Conclusion

The Shree Tirupati Balajee Agro Trading Co. Ltd IPO offers investors a chance to invest in a company that has shown significant financial growth, especially in its profit margins and revenue. With strong market prospects in the agro and industrial packaging sectors, the company is well-positioned for long-term growth. However, potential investors should also consider the risks, such as debt levels and market fluctuations. Overall, the IPO presents a solid opportunity for those seeking exposure to a growing industry with diversified offerings

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Frequently Asked Questions

What is the Shree Tirupati Balajee Agro Trading Co. Ltd IPO and why is it significant?

Answer Field

The Shree Tirupati Balajee Agro Trading Co. Ltd IPO is an initial public offering aimed at raising capital for the company to expand its operations and reduce its debt. It is significant as it allows investors to participate in a growing agro and industrial packaging business with a strong market presence.

What is the price band for the Shree Tirupati Balajee Agro Trading Co. Ltd IPO, and how was it determined?

Answer Field

The price band for the Shree Tirupati Balajee Agro Trading Co. Ltd IPO is set between ₹78 and ₹83 per share. This range is determined based on factors such as market conditions, demand, and the company's financial health.

What are the key risks and rewards of investing in the Shree Tirupati Balajee Agro Trading Co. Ltd IPO?

Answer Field

Rewards include potential listing gains and long-term market growth. Key risks involve market volatility and the company’s debt-to-equity ratio, which may impact its ability to manage liabilities during economic downturns.

When will the Shree Tirupati Balajee Agro Trading Co. Ltd IPO shares be listed, and what is the expected market response?

Answer Field

The shares are expected to be listed on 12th September 2024. The market response is anticipated to be positive, given the company's strong performance in recent years.

What documents should I review before investing in the Shree Tirupati Balajee Agro Trading Co. Ltd IPO?

Answer Field

Review the Red Herring Prospectus (RHP), financial statements, and regulatory filings to understand the company's financial stability and growth potential.

What are the lock-up period details for Shree Tirupati Balajee Agro Trading Co. Ltd IPO?

Answer Field

Typically, promoters and large investors may face a lock-up period where they cannot sell their shares. Check the IPO prospectus for specific details.

How will the IPO of Shree Tirupati Balajee Agro Trading Co. Ltd impact existing shareholders?

Answer Field

The IPO could potentially dilute the holdings of existing shareholders, but it will also bring in capital that may enhance the company’s market value and performance in the long term.

Will Shree Tirupati Balajee Agro Trading Co. Ltd IPO pay dividends?

Answer Field

The company has not indicated a specific dividend policy. However, future dividends will depend on the company's profitability and growth post-IPO.

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