About Shree Tirupati Balajee Agro Trading Company:
They are engaged in the business of manufacturing and selling Flexible Intermediate Bulk Containers (FIBCs), which are large flexible bags, as well as other industrial packaging products such as woven sacks, woven fabric, narrow fabric, and tapes. Their products are offered both in the Indian domestic market and overseas. They provide customized bulk packaging solutions for clients in various industries, including chemicals, agrochemicals, food, mining, waste disposal, agriculture, lubricants, and edible oil, by supplying FIBC products for transportation and packaging needs. Their offerings present a labor-saving alternative for packaging and transportation, enhancing the efficiency of loading and unloading vessels, containers, or trucks.
About the Industry in which Shree Tirupati Balajee Agro Trading Company operates:
The FIBC market in India has experienced significant growth, expanding by nearly 38% over the past decade. The installed capacity of the FIBC industry increased by approximately 3.3% year-on-year in 2022, reaching around 205.5 million units by the end of 2023. Although the industry’s production declined by about 3.3% year-on-year in 2022, it rebounded with an 8% year-on-year increase in 2023. In 2023, the FIBC market was valued at $926 million, achieving a CAGR of 6.7% during the period from 2020 to 2023. FIBCs are particularly valued for their convenience in storing and transporting food products, as they are lightweight, easy to handle, and stackable, which saves space. India, being a major exporter of food products, utilizes food-grade FIBCs for transporting these goods to overseas markets.
| Important Information and Timelines of the IPO of Shree Tirupati Balajee Agro Trading Company: | |
|---|---|
| Open Date | 5 September 2024 |
| Close Date | 9 September 2024 |
| Total Issue Size – Number of Shares | 20440000 |
| Minimum Bid Price | 78 |
| Maximum Bid Price | 83 |
| Lot Size | 180 |
| Basis of Allotment | 10 September 2024 |
| Initiation of Refunds and Credit of Shares to Demat | 11 September 2024 |
| Listing Date | 12 September 2024 |
| Listing Exchange(s) | NSE and BSE |
Minimum and Maximum Lot Sizes for the IPO of Shree Tirupati Balajee Agro Trading Company:
| Category | Lots | Shares | Amount (in ₹) |
|---|---|---|---|
| Retail – Minimum | 1 | 180 | 14940 |
| Retail – Maximum | 13 | 2340 | 194220 |
| sHNI – Minimum | 14 | 2520 | 209160 |
| sHNI – Maximum | 66 | 11880 | 986040 |
| bHNI – Minimum | 67 | 12060 | 1000980 |
Objective of the IPO of Shree Tirupati Balajee Agro Trading Company:
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Repayment and/or prepayment, in part or full, of certain of our outstanding borrowings availed by our Company
-
Investment in our subsidiaries HPPL, STBFL and JPPL for Repayment and/or prepayment, in part or full, of certain of outstanding borrowings availed
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Funding incremental working capital requirements of our Company
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Investment in our subsidiaries HPPL, STBFL and JPPL for funding working capital requirements
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General corporate purpose.
Financials of Shree Tirupati Balajee Agro Trading Company:
| Particulars | As at March 31, 2024 | As at March 31, 2023 | As at March 31, 2022 |
|---|---|---|---|
| Equity Share Capital | 6,682.09 | 115.80 | 114.57 |
| Net Worth (Total Equity) | 17,306.50 | 11,021.19 | 9,222.97 |
| Net Asset Value per Equity Share | 27.54 | 18.66 | 15.62 |
| Total Borrowings | 24,368.72 | 22,380.73 | 24,005.52 |
| Total Income | 55,282.11 | 47,813.65 | 45,378.77 |
| Profit for the Period | 3,607.27 | 2,071.80 | 1,365.90 |
| Earnings per Share - Basic | 5.74 | 3.51 | 2.31 |
| Earnings per Share - Diluted | 5.74 | 3.51 | 2.31 |
For more details on the IPO, refer to the DRHP here.
Did you know that you can now Pre-Apply for an IPO on Dhan? You can place your IPO Bid on Dhan and the order will be pushed to the Exchange as soon as the Bidding starts for Shree Tirupati Balajee Agro Trading Company. You will receive a UPI mandate after 10:00 AM on 5 September 2024.
###1. How to apply for the IPO of Shree Tirupati Balajee Agro Trading Company on Dhan?
You can apply for the IPO of Shree Tirupati Balajee Agro Trading Company from either Dhan Mobile App or Web
On Dhan Mobile App you can find the IPO under the Money Section > IPO Tab
On Dhan Web you can find the IPO under Markets Tab > IPOs
###2. In case of successful allotment, when the IPO shares of Shree Tirupati Balajee Agro Trading Company be visible on Dhan?
The CDSL will intimate you regarding the credit of shares into your Demat account by 11 September 2024. However, you will be able to see the shares of Shree Tirupati Balajee Agro Trading Company on Dhan before the market starts on the listing date which is 12 September 2024.