Bookbuilding IPO | ₹170 Cr | Listed at BSE, NSE | Thu, Sep 5, 2024 - Mon, Sep 9, 2024
Shree Tirupati Balajee Agro IPO is a book build issue of ₹169.65 crores. The issue is a combination of fresh issue of 1.48 crore shares aggregating to ₹122.43 crores and offer for sale of 0.57 crore shares aggregating to ₹47.23 crores.
Shree Tirupati Balajee Agro IPO bidding started from Sep 5, 2024 and ended on Sep 9, 2024. The allotment for Shree Tirupati Balajee Agro IPO was finalized on Sep 10, 2024. The shares got listed on BSE, NSE on Sep 12, 2024.
Shree Tirupati Balajee Agro IPO price band is set at ₹83 per share. The lot size for an application is 180. The minimum amount of investment required by an retail is ₹14,940 (180 shares) (based on upper price). The lot size investment for sNII is 14 lots (2,520 shares), amounting to ₹2,09,160, and for bNII, it is 67 lots (12,060 shares), amounting to ₹10,00,980.
PNB Investment Services Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Shree Tirupati Balajee Agro IPO RHP for detailed Information.
IPO Open
Thu, Sep 5, 2024
IPO Close
Mon, Sep 9, 2024
Issue Price
₹83 per share
Market Cap (Pre-IPO)
₹677.04 Cr
| IPO Date | 5 to 9 Sep, 2024 |
| Listed on | Thu, Sep 12, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹78 to ₹83 |
| Issue Price | ₹83 per share |
| Lot Size | 180 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 2,04,40,000 shares (agg. up to ₹170 Cr) |
| Fresh Issue | 1,47,50,000 shares (agg. up to ₹122 Cr) |
| Offer for Sale | 56,90,000 shares of ₹10 (agg. up to ₹47 Cr) |
| Share Holding Pre Issue | 6,68,20,852 shares |
| Share Holding Post Issue | 8,15,70,852 shares |
| BSE Script Code / NSE Symbol | 544249 / BALAJEE |
| ISIN | INE0S2G01011 |
Shree Tirupati Balajee Agro IPO offers total 2,04,40,000 shares. Out of which 1,02,20,000 (50.00%) allocated to QIB, 40,88,000 (20.00%) allocated to QIB (Ex- Anchor), 30,66,000 (15.00%) allocated to NII 71,54,000 (35.00%) allocated to RII and 61,32,000 (30.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Max Allottees |
|---|---|---|
| QIB Shares Offered | 1,02,20,000 (50.00%) | NA |
| − Anchor Investor Shares Offered | 61,32,000 (30.00%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 40,88,000 (20.00%) | NA |
| NII (HNI) Shares Offered | 30,66,000 (15.00%) | NA |
| − bNII > ₹10L | 20,44,000 (10.00%) | 811 |
| − sNII < ₹10L | 10,22,000 (5.00%) | 405 |
| Retail Shares Offered | 71,54,000 (35.00%) | 39,744 |
| Total Shares Offered | 2,04,40,000 (100.00%) |
Investors can bid for a minimum of 180 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 180 | ₹14,940 |
| Retail (Max) | 13 | 2,340 | ₹1,94,220 |
| S-HNI (Min) | 14 | 2,520 | ₹2,09,160 |
| S-HNI (Max) | 66 | 11,880 | ₹9,86,040 |
| B-HNI (Min) | 67 | 12,060 | ₹10,00,980 |
Shree Tirupati Balajee Agro IPO raises ₹50.90 crore from anchor investors. Shree Tirupati Balajee Agro IPO Anchor bid date is September 4, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Wed, Sep 4, 2024 |
| Shares Offered | 61,32,000 |
| Anchor Portion (₹ Cr.) | 50.90 |
| Anchor lock-in period end date for 50% shares (30 Days) | Wed, Oct 9, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Sun, Dec 8, 2024 |
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.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 516.94 | 392.46 | 391.89 |
| Total Income | 552.82 | 478.14 | 453.79 |
| Profit After Tax | 36.07 | 20.72 | 13.66 |
| NET Worth | 173.07 | 110.21 | 92.23 |
| Reserves and Surplus | 106.24 | 109.05 | |
| Total Borrowing | 243.69 | 223.81 | 240.06 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment and/or prepayment, in part or full, of certain of the outstanding borrowings availed by the Company. | 31.45 |
| 2 | Investment in the subsidiaries HPPL, STBFL and JPPL for Repayment and/or prepayment, in part or full, of certain of outstanding borrowings availed | 20.82 |
| 3 | Funding incremental working capital requirements of the Company | 13.50 |
| 4 | Investment in the subsidiaries HPPL, STBFL and JPPL for funding working capital requirements. | 10.74 |
| 5 | General Corporate Purposes | 31.83 |
| Total | 108.35 |
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 20.84% |
| ROCE | 16.29% |
| Debt/Equity | 1.41 |
| RoNW | 20.84% |
| PAT Margin | 6.53% |
| Price to Book Value | 3.01 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 5.40 | 4.42 |
| P/E (x) | 15.37 | 18.77 |
| Promoter Holding | 88.38% | 65.42% |
| Market Cap | ₹677.04 Cr. |
The Shree Tirupati Balajee IPO is subscribed 124.74 times on September 9, 2024 6:19:09 PM (Day 3). The public issue subscribed 73.22 times in the retail category, 150.87 times in the QIB category, and 210.12 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 150.87 | 40,88,000 | 61,67,76,120 |
| NII | 210.12 | 30,66,000 | 64,42,22,340 |
| bNII (bids above ₹10L) | 225.47 | 20,44,000 | 46,08,65,340 |
| sNII (bids below ₹10L) | 179.41 | 10,22,000 | 18,33,57,000 |
| Retail | 73.22 | 71,54,000 | 52,38,28,620 |
| Total | 124.74 | 1,43,08,000 | 1,78,48,27,080 |
Total Application : 27,36,926
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead manager(s) fees including underwriting commission | |
| 2 | Brokerage, selling commission and upload fees | |
| 3 | Registrars to the Issue | |
| 4 | Legal Advisors | |
| 5 | Advertising and marketing expenses | |
| 6 | Regulators including stock exchanges | |
| 7 | Printing and distribution of issue stationary |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹83.00 | ₹83.00 |
| Open | ₹92.90 | ₹90.00 |
| Low | ₹92.00 | ₹90.00 |
| High | ₹97.54 | ₹94.50 |
| Last Trade | ₹97.54 | ₹94.50 |
Lead Manager Reports
Shree Tirupati Balajee Agro IPO is a main-board IPO of 2,04,40,000 equity shares of the face value of ₹10 aggregating up to ₹170 Crores. The issue is priced at ₹83 per share. The minimum order quantity is 180.
The IPO opens on Thu, Sep 5, 2024, and closes on Mon, Sep 9, 2024.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Shree Tirupati Balajee Agro IPO using UPI as a payment gateway. Zerodha customers can apply in Shree Tirupati Balajee Agro IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Shree Tirupati Balajee Agro IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Shree Tirupati Balajee Agro IPO opens on Thu, Sep 5, 2024 and closes on Mon, Sep 9, 2024.
Shree Tirupati Balajee Agro IPO lot size is 180, and the minimum amount required for application is ₹14,940.
You can apply in Shree Tirupati Balajee Agro IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Shree Tirupati Balajee Agro IPO will be done on Tuesday, September 10, 2024, and the allotted shares will be credited to your demat account by Wed, Sep 11, 2024. Check the Shree Tirupati Balajee Agro IPO allotment status.
The Shree Tirupati Balajee Agro IPO listing date is on Thu, Sep 12, 2024.
