Shree Tirupati Balajee Agro Trading Co.Ltd. IPO — GMP, Details & Subscription

IPO Details

Open Date

05 Sep 2024

Close Date

09 Sep 2024

Allotment

10 Sep 2024

Listing Date

12 Sep 2024

Exchange

NSE & BSE

Price Band

₹83

Listing Price

See chart

Allotment Status

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Price Band

₹83

Per share

Face Value

₹10 per share

Lot Size

180 Shares

per lot

Issue Size

2,04,40,000 shares (aggregating up to ₹169.65 Cr)

Total offering

Issue Type

Bookbuilding IPO

Min Investment

₹14,940

1 lot

Pre-IPO Holding

6,68,20,852 shares

Promoters

Post-IPO Holding

8,15,70,852 shares

Promoters

P/E (Pre)

15.37x

P/E (Post)

18.77x

EPS (Pre)

₹5.40

EPS (Post)

₹4.42

UPI Deadline

2024-09-09

Mandate

Anchor AllotmentWed, 04 Sep 2024

Basis of AllotmentTue, 10 Sep 2024

Refund InitiationWed, 11 Sep 2024

Demat CreditWed, 11 Sep 2024

Listing DayThu, 12 Sep 2024

UPI Mandate Deadline2024-09-09

Sale TypeFresh Capital-cum-Offer for Sale

Fresh Issue Shares1,47,50,000 shares (aggregating up to ₹122.43 Cr)

Offer for Sale56,90,000 shares of ₹10 (aggregating up to ₹47.23 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Shree Tirupati Balajee Agro Trading Co.Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 09 Sep 2024.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	20,440,000	100%	₹169.65

IPO Shares Offered

Shree Tirupati Balajee Agro Trading Co.Ltd. IPO total issue size: ₹169.65 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Total	20,440,000	₹169.65	100.00%

* Based on upper price band ₹83 per share

Lot Size & Investment

Lot Size

180

Shares per Lot

Issue Price

₹83.00

Upper Band

Min Investment

₹14,940

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	360	₹29,880
Retail (Max — 13 Lots)	13	2,340	₹194,220
S-HNI (Min — 14 Lots)	14	2,520	₹209,160
B-HNI (Min — 68 Lots)	68	12,240	₹1,015,920

* Issue Price ₹83 × Lot Size 180 shares

IPO Schedule

Anchor

04 Sep 2024

✓ Done

IPO Open

05 Sep 2024

✓ Done

IPO Close

09 Sep 2024

✓ Done

Allotment

10 Sep 2024

✓ Done

Refunds

11 Sep 2024

✓ Done

Demat Credit

11 Sep 2024

✓ Done

Listing Day

12 Sep 2024

✓ Done

₹83.00

INR · BSE

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Issue ₹83.00 Live Price

About Shree Tirupati Balajee Agro Trading Co.Ltd.

Established in October 2001, Shree Tirupati Balajee Agro Trading Company Limited manufactures and sells Flexible Intermediate Bulk Containers (FIBCs), i.e., large flexible bags, and other industrial packaging products such as woven sacks, woven fabric, narrow fabric, and tapes in the Indian domestic market and overseas.The company offers customized products and caters to the bulk packaging needs of clients from various industries, including chemicals, agrochemicals, food, mining, waste disposal, agriculture, lubricants, and edible oil.The company operates through subsidiaries such as Honourable Packaging Private Limited (HPPL), Shree Tirupati Balajee FIBC Limited (STBFL), and Jagannath Plastics Private Limited (JPPL).The company operates five manufacturing units. Units I and II are certified with ISO 9001:2015 and ISO 14001:2018. Unit III is certified with ISO 9001:2015, ISO 45001:2018, ISO 14001:2015, ISO 14064-1:2018, and the SEDEX SMETA four-pillar. The company's certifications cover the production of Flexible Intermediate Bulk Containers (FIBC), Woven Sacks, and Fabrics of PP (Polypropylene) and HDPE (High-Density Polyethylene).As of July 2024, the company has 857 department employees.

Objects of the Issue

Repayment and/or prepayment, in part or full, of certain of the outstanding borrowings availed by the Company.

Investment in the subsidiaries HPPL, STBFL and JPPL for Repayment and/or prepayment, in part or whole, of certain outstanding borrowings availed

Funding the incremental working capital requirements of the company;

Investment in the subsidiaries HPPL, STBFL and JPPL for funding working capital requirements and

General corporate purposes.

Shree Tirupati Balajee Agro Trading Co.Ltd. Financials (Amount in Crore)

Revenue from Operations

₹453.8

31 Mar 2022

₹478.1

31 Mar 2023

₹552.8

31 Mar 2024

Profit After Tax (PAT)

₹13.7

31 Mar 2022

₹20.7

31 Mar 2023

₹36.1

31 Mar 2024

Particulars	31 Mar 2024	31 Mar 2023	31 Mar 2022
Revenue from Operations	552.82	478.14	453.79
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	36.07	20.72	13.66
Net Worth	173.07	110.21	92.23
Total Assets	516.94	392.46	391.89
Reserves & Surplus	106.24	109.05	N/A
Borrowings	243.69	223.81	240.06
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	6.53%	—	—

P/BV Ratio

3.01

RoE

20.84%

RoCE

16.29%

RoNW

20.84%

PAT Margin

6.53%

Debt/Equity

1.41

Issue Structure & Shareholding

Total Shares Offered2,04,40,000 (100.00%)

Net Offer to PublicN/A

Reserved for Market MakerN/A

Pre-Issue Promoter Holding6,68,20,852 shares

Post-Issue Promoter Holding8,15,70,852 shares

P/BV Ratio3.01

RoE20.84%

RoCE16.29%

Debt / Equity1.41

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

MUFG Intime India Pvt.Ltd.

+91-22-4918 6270

shreetirupatibalajee.ipo@linkintime.co.in

https://linkintime.co.in/Initial_Offer/public-issues.html

Check Allotment

Book Running Lead Managers

PNB Investment Services Ltd.

Unistone Capital Pvt.Ltd.

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Shree Tirupati Balajee Agro Trading Co.Ltd. IPO subscribed? ▲

Shree Tirupati Balajee Agro Trading Co.Ltd. IPO is subscribed 1.00 times by Sep 09, 2024. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Shree Tirupati Balajee Agro Trading Co.Ltd. IPO retail subscription status? ▼

The Shree Tirupati Balajee Agro Trading Co.Ltd. IPO retail category is subscribed 1.00 times as of 09 Sep 2024. The retail portion is oversubscribed.

How to subscribe Shree Tirupati Balajee Agro Trading Co.Ltd. IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 05 Sep 2024 and closes 09 Sep 2024. Min investment: ₹14,940 (1 lot = 180 shares). UPI mandate: 2024-09-09.

How many times Shree Tirupati Balajee Agro Trading Co.Ltd. IPO subscribed? ▼

The Shree Tirupati Balajee Agro Trading Co.Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Shree Tirupati Balajee Agro Trading Co.Ltd. IPO allotment? ▼

Check allotment on the registrar website (MUFG Intime India Pvt.Ltd.) at https://linkintime.co.in/Initial_Offer/public-issues.html. Enter your PAN, application number or DP/Client ID. Allotment date: 10 Sep 2024. Refunds: on 11 Sep 2024.

When Shree Tirupati Balajee Agro Trading Co.Ltd. IPO will be listed? ▼

The Shree Tirupati Balajee Agro Trading Co.Ltd. IPO listing date is 12 Sep 2024, Thursday. Listed on: NSE & BSE. Issue price: ₹83. Estimated listing: ₹83. GMP: NIL.

When Shree Tirupati Balajee Agro Trading Co.Ltd. IPO close? ▼

The Shree Tirupati Balajee Agro Trading Co.Ltd. IPO closes on 09 Sep 2024, Monday. UPI mandate: 2024-09-09. Allotment: 10 Sep 2024. Listing: 12 Sep 2024.

Quick Actions

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Live Price LIVE

Last Price₹83.00

Change—

Issue Price₹83.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹83

Face Value₹10

Lot Size180 Sh

Min. Amount₹14,940

GMPNIL

Est. Listing₹83

Subscribed1.00x

Open Date05 Sep 2024

Close Date09 Sep 2024

Allotment10 Sep 2024

Listing Date12 Sep 2024

ExchangeNSE & BSE

UPI Deadline2024-09-09