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Shree Tirupati Balajee Agro Trading Co. Ltd

Packaging

Offer Period :

5th to 9th Sep 2024

Established in 2009, Shree Tirupati Balaji FIBC Ltd manufactures and supplies HDPE/PP woven sacks and FIBC. Their diverse product range includes conductive bags,  Read more...UN certified bags, and various other types. Situated in Pithampur, MP, they predominantly export to countries like USA, UK, and Australia.Read less

Shree Tirupati Balajee Agro Trading Co. Ltd IPO Details

IPO Date 5th to 9th Sep 2024 Minimum Investment ₹14940 / 1 Lots
Listing Date 2024-09-12 Maximum Investment ₹194220 / 13 Lots
Face Value ₹10 per share Total Issue Size ₹169.65 Crores
Price ₹78 to ₹83 per share Fresh Issue ₹122.43 Crores
Lot Size 1 Lots (180 Shares) Offer For Sale ₹ 47.22
Listing At BSE, NSE Retail Discount ₹ 0
Employee Discount ₹0 per share    
IPO Date 5th to 9th Sep 2024
Listing Date 2024-09-12
Face Value ₹10 per share
Price ₹78 to ₹83 per share
Lot Size 1 Lots (180 Shares)
Listing At BSE, NSE
Employee Discount ₹0 per share
Minimum Investment ₹14940 / 1 Lots
Maximum Investment ₹194220 / 13 Lots
Total Issue Size ₹169.65 Crores
Fresh Issue ₹122.43 Crores
Offer For Sale
Retail Discount ₹ 0

Timeline

Important dates for allocation and IPO listing.

5th Sep

IPO Starts

9th Sep

IPO Ends

10th Sep

Allotment Date

11th Sep

Initiation of Refund

11th Sep

Credit of Shares to Demat Account

12th Sep

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 88.38 0
Public Group 11.62 0

Shree Tirupati Balajee Agro Trading Co. Ltd IPO Reservation

QIB Shares Offered 4088000(20%)
NII (HNI) Shares Offered 3066000(15%)
Retail Shares Offered 7154000(35%)
Anchor Investor Shares Offered 6132000(30%)
Total Shares Offered 20440000
Total Shares With Anchor Investor 20440000

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

Shree Tirupati Balajee Agro Trading Co. Ltd IPO Registrar

Link Intime India Pvt Ltd
Phone Number +91 8108114949
Email Id shreetirupatibalajee.ipo@linkintime.co.in
Our Website www.linkintime.co.in

Shree Tirupati Balajee Agro Trading Co. Ltd IPO Lead Manager

1. PNB Investment Services Ltd

2. Unistone Capital Pvt Ltd

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Shree Tirupati Balajee Agro Trading Co. Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed

Strength of Shree Tirupati Balajee Agro Trading Co. Ltd

1. Diverse customer base.

2. Cost-Effectiveness of FIBCs.

3. Multi- product portfolio.

4. Integrated Manufacturing Facility.

5. Quality Standard Certifications & Quality Tests.

6. Experienced Promoter and senior management team.

7. Multi-market Company.

8. Product Development Capabilities.

9. Growing Demand for Sustainable Packaging Solutions.

Shree Tirupati Balajee Agro Trading Co. Ltd IPO

Shree Tirupati Balajee Agro Trading Co. Ltd is a company engaged in the trading of agro products, offering a wide range of goods to meet the growing demand in the agricultural sector. The company's IPO provides investors with an opportunity to be part of its growth journey, as it looks to raise capital for expanding its operations and enhancing its market presence. With a strong focus on quality products and efficient trading practices, the company aims to build a solid reputation within the agricultural industry.

 

The IPO is set to open for subscription soon, offering investors the chance to acquire shares in a well-established trading firm. Key details include a price band of ₹78 to ₹83 per share, open and close dates of September 5, 2024 and September 9, 2024, and lot size of 180 Shares. Shree Tirupati Balajee Agro Trading Co. Ltd seeks to capitalise on the growing demand for agro products in India, which is bolstered by government initiatives and increasing global interest in Indian agriculture.

 

Investors should carefully review the company's financials, market position, and future growth potential before making investment decisions. While the IPO presents an exciting opportunity, it is essential to evaluate the risks and rewards associated with participating in the market. For those looking to invest in a sector that plays a vital role in India's economy, this IPO could be a strategic addition to their portfolio.

Industry Outlook of Shree Tirupati Balajee Agro Trading Co. Ltd IPO

The agro trading industry in India has been witnessing consistent growth, supported by several key factors. These trends provide a positive outlook for Shree Tirupati Balajee Agro Trading Co. Ltd:

  • Rising Demand for Agro Products: With increasing population and changing consumption patterns, the demand for agricultural goods in India continues to rise, creating growth opportunities for agro trading companies.

  • Government Initiatives: Schemes like Pradhan Mantri Kisan Samman Nidhi and other agricultural support programmes aim to boost the income of farmers, leading to increased trading activity in the sector.

  • Global Demand for Indian Agro Products: India’s agro products are gaining traction in international markets, creating export opportunities and boosting the agro trading industry.

  • Technological Advancements in Agriculture: The adoption of modern agricultural practices and technologies has improved efficiency, leading to higher production and trading volumes.

     

Shree Tirupati Balajee Agro Trading Co. Ltd is well-positioned to benefit from these trends. With its focus on quality products and efficient trading operations, the company is set to attract investors looking to capitalise on India’s growing agro trading sector.

 

Risks Involved

1. All its manufacturing facilities are situated at Pithampur, Madhya Pradesh resulting in concentration in a single region. Any interruption for a significant period of time, in these facilities may in turn adversely affect its business, financial condition and results of operations.

2. There is an increased awareness towards controlling pollution and many economies including India have joined in the efforts to ban plastic product. In case any plastic packaging products manufactured by it are banned in India or in any of the markets where the company export its products, it could have a material and adverse effect on its business and results of operations.

3. The Company's name may suggest involvement in agro business, leading to misconceptions among investors.

4. The Company has negative cash flows from its operating, investing and financing activities in the past years, details of which are given below. Sustained negative cash flow could impact on its growth and business.

5. Increased revenue may not necessarily lead to higher margins, as they are affected by raw material costs, finance expenses, and other operational costs.

6. Poly Propylene granules, Poly Propylene (LDPE) and High-Density Polyethylene (HDPE) of different grades is its primary raw material constituting a significant percentage of the Company's total expenses. The business is susceptible to adverse impacts from fluctuations in crude oil prices affecting polymer costs, and risks associated with foreign exchange movements during polymer imports. Additionally, increases in raw material prices, supply shortages, and cost overruns pose potential adverse effects on its operations. Increases in the prices of raw materials, their availability, quality and cost overruns could have adverse effect on the company.

7. Heavy reliance on short-term raw material contracts, coupled with exposure to price fluctuations and lack of hedging policies, poses a significant threat. The Company is further subject to uncertainties in the supply of raw materials and there is no assurance that its suppliers will continue to sell raw materials to it as per the company requirements. This could impact the business and financial performance of the Company.

8. The Company has lapsed /delayed in making the required filings under Companies Act, 2013 and under the applicable provisions of Companies Act, 1956.

9. Majority portion of its domestic sales are derived from the western zone and any adverse developments in this market could adversely affect its business.

10. The volatile fluctuations in crude oil prices, particularly during events like COVID-19 and the Russia-Ukraine war, can result in substantial changes in manufacturing costs and gross profit margins within the FIBC market, ultimately impacting the company's financial position.

Why should you invest in

-

Financials

Particulars For the financial year ending (in ₹ million)
  2024 2023
Total Assets 516.94 392.46
Total Liabilities 516.94 392.46
Total Expenses 505.38 451.03
Total Revenue 
552.82 478.14
Profit After Tax 29.29 16.31
EBITDA 75.07 50.74
Adjusted EBITDA 0 0

Shree Tirupati Balajee Agro Trading Co. Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2024-09-12 0 -
INE0S2G01011
₹0 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹78 ₹0
Open ₹0 ₹0
Low ₹0 ₹0
High ₹0 ₹0
Low ₹0 ₹0

Frequently Asked Questions

What is Shree Tirupati Balajee Agro Trading Co. Ltd IPO?

Answer Field

Shree Tirupati Balajee Agro Trading Co. Ltd IPO is a Mainboard IPO of 2,04,40,000 equity shares of a face value of ₹10 aggregating up to ₹169.65 Crores. The issue is priced at ₹78 to ₹83 per share. The minimum order quantity is 180 Shares. The IPO opens on September 05, 2024, and closes on September 09, 2024. Link Intime India Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE,NSE.

When Shree Tirupati Balajee Agro Trading Co. Ltd IPO will open?

Answer Field

The Shree Tirupati Balajee Agro Trading Co. Ltd IPO opens on September 05, 2024 and closes on September 09, 2024.

What is the lot size of Shree Tirupati Balajee Agro Trading Co. Ltd?

Answer Field

Shree Tirupati Balajee Agro Trading Co. Ltd lot size is 180 shares, and the minimum amount required is ₹14,940.

How to apply for Shree Tirupati Balajee Agro Trading Co. Ltd IPO?

Answer Field

You can apply in Shree Tirupati Balajee Agro Trading Co. Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Shree Tirupati Balajee Agro Trading Co. Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Shree Tirupati Balajee Agro Trading Co. Ltd IPO will be done on September 10, 2024, and the allotted shares will be credited to your demat account by September 11, 2024.

When is Shree Tirupati Balajee Agro Trading Co. Ltd IPO listing date?

Answer Field

The Shree Tirupati Balajee Agro Trading Co. Ltd listing date is September 12, 2024.

Who is the registrar of Shree Tirupati Balajee Agro Trading Co. Ltd IPO?

Answer Field

The registrar of Shree Tirupati Balajee Agro Trading Co. Ltd IPO is Link Intime India Pvt Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

PNB Investment Services Ltd,Unistone Capital Pvt Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Shree Tirupati Balajee Agro Trading Co. Ltd IPO?

Answer Field

The fresh issue size is ₹122.43 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Shree Tirupati Balajee Agro Trading Co. Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 180 shares and ₹14,940 amount.

How can I approve the UPI mandate request for Shree Tirupati Balajee Agro Trading Co. Ltd IPO?

Answer Field

To apply for Shree Tirupati Balajee Agro Trading Co. Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Shree Tirupati Balajee Agro Trading Co. Ltd?

Answer Field

The price of each Shree Tirupati Balajee Agro Trading Co. Ltd share will be ranging in between ₹78 to ₹83 per share.

What is the cut-off time for the UPI mandate for Shree Tirupati Balajee Agro Trading Co. Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, September 09, 2024.

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