Shree Tirupati Balajee Agro Trading Company Limited
Bookbuilding IPO · NSE, BSE
- Price band
- ₹78 - ₹83
- Lot size
- 180 shares
- Issue amount
- ₹169.65 cr
- Total subscription
- 124.75×
- Opens
- 5 Sept 2024
- Closes
- 9 Sept 2024
- Allotment
- 10 Sept 2024
- Listing
- 12 Sept 2024
Offer at a glance
Issue overview
- Issue size
- 2,04,40,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹14,040
- Fresh issue
- ₹122.43 cr
- Offer for sale
- ₹47.23 cr
- Registrar
- Link Intime India Private Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹14,940
- Issue type
- Bookbuilding IPO
- Shares before issue
- 6,68,20,852
- Shares after issue
- 8,15,70,852
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 180 | ₹14,940 |
| sHNI | 14 | 2,520 | ₹2,09,160 |
| bHNI | 67 | 12,060 | ₹10,00,980 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 33.93 | 5,119.24 |
| RETAIL | 59.38 | 4,347.88 |
| NIB | 25.45 | 5,347.15 |
| HNIs 2+ | 8.48 | 1,521.97 |
| HNIs 10+ | 16.97 | 3,825.18 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| EPS | 5.74 | 3.51 | 2.31 |
| ROE | 20.84 | 18.8 | 14.81 |
| ROCE | 16.29 | 13.39 | 10.02 |
| RONW | 5.74 | 3.51 | 2.31 |
| PRE IPO(PE) | 15.37 | 0 | 0 |
| POST IPO(PE) | 18.77 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Shree Tirupati Balajee Agro Trading Company Limited, established in October 2001, is a leading manufacturer and supplier of Flexible Intermediate Bulk Containers (FIBCs) and a wide range of industrial packaging products, including woven sacks, woven fabric, narrow fabric, and tapes. Serving industries such as chemicals, agrochemicals, food, mining, waste disposal, agriculture, lubricants, and edible oil, the company provides customized bulk packaging solutions to meet varied operational requirements. Its operations span five manufacturing units managed through subsidiaries—Honourable Packaging Private Limited (HPPL), Shree Tirupati Balajee FIBC Limited (STBFL), and Jagannath Plastics Private Limited (JPPL). Units I and II are ISO 9001:2015 and ISO 14001:2018 certified, while Unit III further holds ISO 45001:2018, ISO 14064-1:2018, and SEDEX SMETA four-pillar certifications. Supported by a strong workforce of 857 employees as of July 2024, the company maintains a strong focus on quality, sustainability, and efficient production across its FIBC, woven sack, and PP/HDPE fabric segments.
Strengths
- Wide Customer Reach: Serving different types of customers helps the company avoid relying on one market and ensures steady income from various sources.
- Affordable Bulk Packaging: Flexible Intermediate Bulk Containers (FIBCs) are a budget-friendly option for handling large quantities, making operations more efficient and profitable.
- Varied Product Range: A diverse product lineup helps the company meet different customer needs, stay flexible with market trends, and boost growth.
Risk factors
- Geographical Concentration: All manufacturing units are in Pithampur, Madhya Pradesh. Any disruption in this area could heavily impact the company's operations and profits.
- Regulatory Risks: Stricter rules or possible bans on plastic products in India and other markets could negatively affect the company's business and performance.
- Brand Misconception: The company's name might create confusion about its business focus, which could affect investor interest or market perception.
Promoters
Binod Kumar Agarwal
Registrar & documents
Lead manager
Pnb Investment Services Limited, Unistone Capital Private Limited
Registrar & contacts
Link Intime India Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Plot No.192, Sector 1, Pithampur, Dhar - 454775
+917314217400
[email protected]Company website ↗Understanding BALAJEE IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.