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Shree Tirupati Balajee FIBC IPO is a book build issue of ₹10.80 crores. The issue is entirely a fresh issue of 0.27 crore shares of ₹10.80 crore.
Shree Tirupati Balajee FIBC IPO bidding started from Sep 21, 2017 and ended on Sep 26, 2017. The shares got listed on NSE SME on Oct 5, 2017.
Shree Tirupati Balajee FIBC IPO price band is set at ₹40.00 per share . The lot size for an application is 3,000. The minimum amount of investment required by an retail is ₹1,08,000 (3000 shares). The minimum lot size investment for HNI is 2 lots (6,000 shares), amounting to ₹2,40,000.
Pantomath Capital Advisors Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Pantomath Stock Brokers Pvt.Ltd..
Refer to Shree Tirupati Balajee FIBC IPO RHP for detailed Information.
| IPO Date | September 21, 2017 to September 26, 2017 |
| Listing Date | October 5, 2017 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹36 to ₹40 per share |
| Issue Price Final | ₹40 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 27,00,000 shares (aggregating up to ₹10.80 Cr) |
| Reserved for Market Maker | 1,44,000 shares Pantomath Stock Brokers Pvt.Ltd. (aggregating up to ₹0.5760 Cr) |
| Net Offered to Public | 25,56,000 shares (aggregating up to ₹10.22 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 74,30,040 shares |
| Share Holding Post Issue | 1,01,30,040 shares |
Shree Tirupati IPO offers total 27,00,000 shares. Out of which 12,78,000 (47.33%) allocated to NII, 12,78,000 (47.33%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,44,000 (5.33%) |
| NII (HNI) Shares Offered | 12,78,000 (47.33%) |
| Retail Shares Offered | 12,78,000 (47.33%) |
| Total Shares Offered | 27,00,000 (100.00%) |
Shree Tirupati Balajee FIBC IPO opens on September 21, 2017, and closes on September 26, 2017.
| IPO Open Date | Thu, Sep 21, 2017 |
| IPO Close Date | Tue, Sep 26, 2017 |
| Tentative Listing Date | Thu, Oct 5, 2017 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Sep 26, 2017 |
Investors can bid for a minimum of 3,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹1,20,000 |
| Retail (Max) | 1 | 3,000 | ₹1,20,000 |
| HNI (Min) | 2 | 6,000 | ₹2,40,000 |
Incorporated in 2009, Shree Tirupati Balaji FIBC Ltd (STBF) is engaged in manufacturing and supply of High Density Polyethylene (HDPE) / Polypropylene (PP) woven sacks, Flexible Intermediate Bulk Container (FIBC).
Company's wide range of products includes, Conductive (Type C) Bags, Type B Bags, UN Certified Bags for Hazardous materials, Form Stable bags/ Q Bags, Funner bags, Tubular FIBC's, Single/Double Loop Bags, Liners-Normal/Conductive/Anti Static liners with formfit, glued, flanged, tabbed, container liners, asbestos bags, BOPP bags/PP Woven bags, Tunnel Lift Bags.
Company's manufacturing unit is situated at SEZ area located at Pithampur, Dist. Dhar, MP. Majority of its sales are from exports to countries like USA, UK, Australia, Germany, Italy, Spain, New Zealand etc. They majorly procure their raw materials by their Group Company, Shree Tirupati Balajee Agro Trading Private Limited.
The Company Shree Tirupati Balajee FIBC IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Funding working capital requirements of the Company | 7.95 |
| 2 | General corporate purposes | 2.05 |
[Dilip Davda] Investment may be considered from medium to long term. Read detail review...
| Listing Date | October 5, 2017 |
| BSE Script Code | |
| NSE Symbol | TIRUPATI |
| ISIN | INE238Y01018 |
| Final Issue Price | ₹40 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹40.00 |
| Open | ₹45.00 |
| Low | ₹42.10 |
| High | ₹47.40 |
| Last Trade | ₹43.05 |
Shree Tirupati Balajee FIBC Ltd.
Plot No. A.P.-14 Apparel Park,
SEZ Phase II,
INdustrial Area,
Pithampur, Madhya Pradesh, 454774
Phone: +91-0731-4217400
Email: cs@tirupatibalajee.com
Website: http://www.tirupatibalajee.com
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Shree Tirupati Balajee FIBC IPO is a SME IPO of 27,00,000 equity shares of the face value of ₹10 aggregating up to ₹10.80 Crores. The issue is priced at ₹40 per share. The minimum order quantity is 3000.
The IPO opens on September 21, 2017, and closes on September 26, 2017.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Shree Tirupati Balajee FIBC IPO using UPI as a payment gateway. Zerodha customers can apply in Shree Tirupati Balajee FIBC IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Shree Tirupati Balajee FIBC IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Shree Tirupati Balajee FIBC IPO opens on September 21, 2017 and closes on September 26, 2017.
Shree Tirupati Balajee FIBC IPO lot size is 3000, and the minimum amount required for application is ₹1,20,000.
You can apply in Shree Tirupati Balajee FIBC 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 FIBC IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Shree Tirupati Balajee FIBC IPO allotment status.
The Shree Tirupati Balajee FIBC IPO listing date is on Thursday, October 5, 2017.
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