Shree Tirupati Balajee Agro IPO vs Western Carriers IPO

Comparison between Shree Tirupati Balajee Agro IPO and Western Carriers IPO.

IPO Details

Shree Tirupati Balajee Agro IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Western Carriers IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.

Issue Size and Price

The total issue size of Shree Tirupati Balajee Agro IPO is up to ₹169.65 Cr whereas the issue size of the Western Carriers IPO is up to ₹492.88 Cr. The final issue price of Shree Tirupati Balajee Agro IPO is ₹83.00 per share and of Western Carriers IPO is ₹172.00 per share.

 Shree Tirupati Balajee Agro IPOWestern Carriers IPO
Face Value₹10 per share₹5 per share
Issue Price (Lower)₹78.00 per share₹163.00 per share
Issue Price (Upper)₹83.00 per share₹172.00 per share
Issue Price (Final)₹83.00 per share₹172.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size180 shares87 shares
Fresh Issue Size1,47,50,000 shares2,32,55,813 shares
Fresh Issue Size (Amount)up to ₹122.43 Crup to ₹400.00 Cr
OFS Issue Size56,90,000 shares54,00,000 shares
OFS Issue Size (Amount)up to ₹47.23 Crup to ₹92.88 Cr
Issue Size Total2,04,40,000 shares2,86,55,813 shares
Issue Size Total (Amount)up to ₹169.65 Crup to ₹492.88 Cr

IPO Timetable

Shree Tirupati Balajee Agro IPO opens on Sep 05, 2024, while Western Carriers IPO opens on Sep 13, 2024. The closing date of Shree Tirupati Balajee Agro IPO and Western Carriers IPO is Sep 09, 2024, and Sep 19, 2024, respectively.

 Shree Tirupati Balajee Agro IPOWestern Carriers IPO
Anchor Bid DateSep 04, 2024Sep 12, 2024
Issue OpenSep 05, 2024Sep 13, 2024
Issue CloseSep 09, 2024Sep 19, 2024
Basis Of Allotment (Tentative)Sep 10, 2024Sep 20, 2024
Initiation of Refunds (Tentative)Sep 11, 2024Sep 23, 2024
Credit of Share (Tentative)Sep 11, 2024Sep 23, 2024
Listing date (Tentative)Sep 12, 2024Sep 24, 2024
Anchor Lockin End date 1Oct 09, 2024Oct 19, 2024
Anchor Lockin End date 2Dec 08, 2024Dec 18, 2024

Financials & KPIs

Shree Tirupati Balajee Agro IPO P/E ratio is 15.37, as compared to Western Carriers IPO P/E ratio of 16.85.

 Shree Tirupati Balajee Agro IPOWestern Carriers IPO
Financials

Company Financials (Restated Consolidated)

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets516.94392.46391.89
Total Income552.82478.14453.79
Profit After Tax36.0720.7213.66
NET Worth173.07110.2192.23
Reserves and Surplus106.24109.05
Total Borrowing243.69223.81240.06
Amount in ₹ Crore

Company Financials (Restated Consolidated)

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets754.01604.14490.33
Total Income1,691.411,637.841,475.79
Profit After Tax80.3571.5761.13
NET Worth398.36318.61257.58
Reserves and Surplus359.01279.08157.12
Total Borrowing266.00210.47150.40
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)88.3899.99
Promoter Shareholding (Post-Issue)65.4271.89
P/E Ratio15.3716.85
Market Cap₹677.04 Cr.₹1753.63 Cr.
ROE20.84%22.41%
ROCE16.29%29.23%
Debt/Equity1.410.67
EPS₹5.40₹10.21
RoNW20.84%20.17%

Shares Offered

In the Shree Tirupati Balajee Agro IPO Retail Individual Investors (RII) are offered 71,54,000 shares while in Western Carriers IPO retail investors are offered 71,54,000 shares. Qualified Institutional Buyers (QIB) are offered 40,88,000 shares in Shree Tirupati Balajee Agro IPO and 57,31,163 shares in Western Carriers IPO.

 Shree Tirupati Balajee Agro IPOWestern Carriers IPO
Anchor Investor Reservation61,32,000 shares85,96,743 shares
Market Maker Reservation
QIB40,88,000 shares57,31,163 shares
NII30,66,000 shares42,98,372 shares
RII71,54,000 shares1,00,29,535 shares
Employee
Others
Total2,04,40,000 shares2,86,55,813 shares

Bids Received (Subscription)

Shree Tirupati Balajee Agro IPO subscribed 124.74x in total, whereas Western Carriers IPO subscribed 31.69x.

 Shree Tirupati Balajee Agro IPOWestern Carriers IPO
QIB (times)150.87x28.81x
NII (times)210.12x46.68x
Big NII (times)225.47x41.65x
Small NII (times)179.41x56.73x
RII (times)73.22x26.92x
Employee (times)
Other (times)
Total (times)124.74x31.69x

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Shree Tirupati Balajee Agro IPO Vs Western Carriers IPO