Shree Tirupati Balajee Agro IPO Date, Review, Price, Allotment Details

The Shree Tirupati Balajee Agro IPO will open on September 5, 2024, and close on September 9, 2024. It is a Book Built Issue, aiming to raise approximately ₹169.65 crores. This includes a fresh issue of ₹122.43 crores and an offer for sale of up to 5,690,000 equity shares, each with a face value of ₹10.

The IPO price band is set between ₹78 and ₹83 per share. The retail investor allocation is 35%, QIB allocation is 50%, and HNI allocation is 15%. The shares will be listed on both the BSE and NSE on September 12, 2024, with the allotment date set for September 10, 2024.

In terms of financial performance, the company reported a revenue of ₹552.82 crores in 2024, an increase from ₹478.14 crores in 2023. Profits also rose to ₹36.07 crores in 2024, up from ₹20.72 crores in 2023. Given the company’s solid financial growth, investors are encouraged to consider this IPO as a long-term investment opportunity.

Shree Tirupati Balajee Agro IPO Details

IPO Open Date:	September 5, 2024
IPO Close Date:	September 9, 2024
Face Value:	₹10 Per Equity Share
IPO Price Band:	₹78 to ₹83 Per Share
Issue Size:	Approx ₹169.65 Crores
Fresh Issue:	Approx ₹122.43 Crores
Offer for Sale:	Approx 5,690,000 Equity Shares
Issue Type:	Book Built Issue
IPO Listing:	BSE & NSE
Retail Quota:	Not more than 35%
QIB Quota:	Not more than 50%
NII Quota:	Not more than 15%

Shree Tirupati Balajee Agro IPO Market Lot

The minimum market lot for the Shree Tirupati Balajee Agro Trading IPO is 180 shares, requiring an application amount of ₹14,940. Retail investors can apply for up to 13 lots, totaling 2,340 shares, with a maximum investment of ₹1,94,220.

Application	Lot Size	Shares	Amount
Retail Minimum	1	180	₹ 14,940
Retail Maximum	13	2340	₹ 1,94,220
S-HNI Minimum	14	2,520	₹ 2,09,160
B-HNI Minimum	67	12,060	₹ 10,00,980

Shree Tirupati Balajee Agro IPO Key Dates

The Shree Tirupati Balajee Agro Trading IPO will open on September 5, 2024, and close on September 9, 2024. The allotment of shares will be finalized on September 10, 2024, with the listing date set for September 12, 2024.

IPO Open Date:	September 5, 2024
IPO Close Date:	September 9, 2024
Basis of Allotment:	September 10, 2024
Refunds:	September 11, 2024
Credit to Demat Account:	September 11, 2024
IPO Listing Date:	September 12, 2024

Promoters of Shree Tirupati Balajee Agro Trading

The company is promoted by Binod Kumar Agarwal.

Also Read: Interarch Building Products IPO Date, Review, Price, Allotment Details

About Shree Tirupati Balajee Agro IPO

Shree Tirupati Balajee Agro Trading Company Limited (STB) is a leading producer and retailer of FIBC (Flexible Intermediate Bulk Containers) in India. It is also one of the fastest-growing exporters worldwide. The company specializes in a range of products, including FIBC bags, woven bags, and container liners, catering to industries like food, chemicals, and minerals.

With over 20 years of experience, STB is dedicated to delivering high-quality products to its global customers. The company holds a patent for a unique fabric known as “Aeropolymesh.” STB’s subsidiaries include Honourable Packaging Private Limited, Shree Tirupati Balajee FIBC Limited, and Jagannath Plastics Private Limited.

Financial Performance

In 2024, STB reported revenue of ₹552.82 crores, up from ₹478.14 crores in 2023. The company’s profit also increased significantly, reaching ₹36.07 crores in 2024, compared to ₹20.72 crores in 2023.

				Amount in crores
Period Ended	Revenue	Expense	Profit After Tax	Assets
2022	₹ 453.79	₹ 436.45	₹ 13.66	₹ 391.89
2023	₹ 478.14	₹ 451.03	₹ 20.72	₹ 392.46
2024	₹ 552.82	₹ 505.38	₹ 36.07	₹ 516.94

Shree Tirupati Balajee Agro IPO Valuation – FY2024

Explore the valuation details for the Shree Tirupati Balajee Agro Trading IPO, including key metrics such as Earnings Per Share (EPS), Price-to-Earnings (P/E) Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV).

KPI	Values
ROE:	20.84%
ROCE:	16.29%
EBITDA Margin:	13.58%
PAT Margin:	6.53%
Debt to equity ratio:	1.41
Earning Per Share (EPS):	₹5.74 (Basic)
Price/Earning P/E Ratio:	N/A
Return on Net Worth (RoNW):	20.84%
Net Asset Value (NAV):	₹ 27.54

Peer Group Comparison

Company	EPS	PE Ratio	RoNW %	NAV	Income
Commercial Syn Bags Ltd	1.81	37.13	5.66	32.02	288.76 Cr.
Emmbi Industries Limited	5.62	22.07	5.85	96.17	377.60 Cr.
Rishi Techtex Limited	1.82	33.01	4.23	43.09	111.96 Cr.

Objects of the Issue

• Repayment and/or prepayment, either partially or fully, of certain outstanding borrowings by the Company.

• Investment in subsidiaries (HPPL, STBFL, and JPPL) for repayment and/or prepayment, either partially or fully, of specific outstanding borrowings.

• Funding the company’s incremental working capital requirements.

• Investment in subsidiaries (HPPL, STBFL, and JPPL) to support their working capital needs.

• General corporate purposes.

Shree Tirupati Balajee Agro IPO Review

Shree Tirupati Balajee Agro IPO Registrar

IPO Lead Managers (Merchant Bankers)

Company Address

Shree Tirupati Balajee Agro IPO FAQs

What is Shree Tirupati Balajee Agro IPO?

The Shree Tirupati Balajee Agro Trading IPO is a main-board IPO through which the company aims to raise ₹[.] Crores. The price per equity share is set at ₹[.] to ₹[.]. The IPO will be listed on both BSE and NSE.

When will the Shree Tirupati Balajee Agro IPO open for subscription?

The IPO will open for subscription on September 5, 2024, for QIB, NII, and Retail Investors. It will close on September 9, 2024.

What is the Shree Tirupati Balajee Agro Trading IPO Investors’ Portion?

The investors’ portion is divided as follows: QIB – 50%, NII – 15%, and Retail – 35%.

How to Apply for the Shree Tirupati Balajee Agro Trading IPO?

You can apply for the IPO through the ASBA facility available via your bank account or UPI. You can also apply through your stockbroker either online or by submitting the offline form.