Shree Tirupati Balajee IPO Date, Price, GMP – Shree Tirupati Balajee Agro’s IPO is scheduled to begin on September 5. Shree Tirupati Balajee Agro is doing a Mainline IPO to raise ₹169.65 crores. The Shree Tirupati Balajee Agro IPO price band is ₹78-₹83, with a market lot of 180 shares. Shree Tirupati Balajee Agro Trading Company Limited (STB) is a leading maker and retailer of FIBC (Flexible Intermediate Bulk Containers) in India. It is well known as one of the world’s fastest growing exporters.
Shree Tirupati Balajee IPO Details
| IPO Open Date | September 5, 2024 |
| IPO Close Date | September 9, 2024 |
| Listing Date | Thursday, September 12, 2024 |
| 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 |
Shree Tirupati Balajee Financials
Between March 31, 2024, and March 31, 2023, Shree Tirupati Balajee Agro Trading Company Limited’s profit after tax (PAT) climbed by 74% and its revenue by 16%.
| FY 2024 | |
| Assets | 516.94 |
| Revenue | 552.82 |
| Profit After Tax | 36.07 |
| Net Worth | 173.07 |
| ROE | 20.84% |
| ROCE | 16.29% |
| Debt/Equity | 1.41 |
| RoNW | 20.84% |
| P/BV | 3.01 |
| PAT Margin (%) | 6.53 |
Shree Tirupati Balajee IPO Objective
The following goals will be achieved by the company with the net proceeds of the Fresh Issue:
- partial or complete repayment and/or prepayment of some of the existing loans that the company has taken out.
- Investment for the return and/or payback, in full or in part, of certain outstanding borrowings obtained in the subsidiaries HPPL, STBFL, and JPPL.
- financing the company’s increased need for working capital;
- Investing in HPPL, STBFL, and JPPL subsidiaries to meet working capital needs
About the Company – Shree Tirupati Balajee
Incorporated in October 2001, Shree Tirupati Balajee Agro Trading Company Limited. Within the Indian local and international markets, the company produces and distributes woven bags, woven and narrow textiles, tapes, and flexible intermediate bulk containers (FIBCs), which are huge flexible bags. We provide our FIBC products to customers in the chemical, agrochemical, food, mining, waste management, agricultural, lubricants, and edible oil industries, among others, for transportation and packaging needs. We also offer customized products to meet the needs of our customers in these industries. By cutting labor costs associated with loading and unloading trucks, ships, or containers, they provide an alternative for packing and transportation.
