Bookbuilding IPO | ₹11 Cr | Listed at NSE SME | Thu, Sep 21, 2017 - Tue, Sep 26, 2017
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 per share. The lot size for an application is 3,000. The minimum amount of investment required by an retail is ₹1,20,000 (3000 shares) (based on upper price). The minimum lot size for investment in 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 Open
Thu, Sep 21, 2017
IPO Close
Tue, Sep 26, 2017
Issue Price
₹40 per share
Market Cap (Pre-IPO)
₹40.52 Cr
| IPO Date | 21 to 26 Sep, 2017 |
| Listed on | Thu, Oct 5, 2017 |
| Face Value | ₹10 per share |
| Price Band | ₹36 to ₹40 |
| Issue Price | ₹40 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 27,00,000 shares (agg. up to ₹11 Cr) |
| Reserved for Market Maker | 1,44,000 shares Pantomath Stock Brokers Pvt.Ltd. (agg. up to ₹0.5760 Cr) |
| Fresh Issue (Ex Market Maker) | 25,56,000 shares (agg. up to ₹10 Cr) |
| Net Offered to Public | 25,56,000 shares (agg. up to ₹10 Cr) |
| Share Holding Pre Issue | 74,30,040 shares |
| Share Holding Post Issue | 1,01,30,040 shares |
| NSE Symbol | TIRUPATI |
| ISIN | INE238Y01018 |
Shree Tirupati Balajee FIBC IPO comprises a total issue size of 27,00,000 shares. The net offer to the public is 25,56,000 shares, after excluding 1,44,000 shares allotted on a firm basis. Of the Net offer 12,78,000 (50.00%) allocated to NII 12,78,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 12,78,000 | 50.00% | 47.33% |
| Retail Shares Offered | 12,78,000 | 50.00% | 47.33% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,44,000 | 5.33% | |
| Total Shares Offered | 27,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 3,000 shares and in multiples thereof.
| 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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding working capital requirements of the Company | 7.95 |
| 2 | General corporate purposes | 2.05 |
The Shree Tirupati IPO is subscribed [.] times on September 26, 2017 5:00:00 PM (Day 4). The public issue subscribed [.] times in the retail category, [.] times in the QIB category, and [.] times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to BRLMs | 0.36 |
| 2 | Advertising and marketing expenses | 0.05 |
| 3 | Fees payable to the Registrar to the Offer | 0.01 |
| 4 | Brokerage and selling commission payable to Syndicate | 0.00 |
| 5 | Processing fees to SCSBs for ASBA Applications procured by the members of the Syndicate or Registered Brokers and submitted with the SCSBs | 0.00 |
| 6 | Others (listing fees, legal fees, stationary and auditor fees, etc.) | 0.38 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹40.00 |
| Open | ₹45.00 |
| Low | ₹42.10 |
| High | ₹47.40 |
| Last Trade | ₹43.05 |
Lead Manager Reports
Shree Tirupati Balajee FIBC IPO is a SME IPO of 27,00,000 equity shares of the face value of ₹10 aggregating up to ₹11 Crores. The issue is priced at ₹40 per share. The minimum order quantity is 3000.
The IPO opens on Thu, Sep 21, 2017, and closes on Tue, Sep 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 Thu, Sep 21, 2017 and closes on Tue, Sep 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 Thu, Oct 5, 2017.
