Bookbuilding IPO | ₹[.] Cr | Listing at BSE SME |
Tirshil Algocomm Technologies Ltd. has withdrawn its Initial Public Offer (IPO) documents filed with the exchange on May 8, 2025.
Tirshil Algocomm Technologies Ltd. IPO was a Book Build Issue
The equity shares were proposed to be listed on the BSE SME. Fast Track Finsec Pvt.Ltd. was the book running lead manager and Kfin Technologies Ltd. was the registrar of the issue.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | |
| Lot Size | |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Tue, Nov 12, 2024 |
| Offer document withdrawn | Thu, May 8, 2025 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII Shares Offered | Not less than 15% of the Net Issue |
Incorporated in 2017, Tirshil Algocomm Technologies Limited specializes in business and knowledge process services, with a strong focus on agro-commodities consulting.
The company provides integrated cash and carry services across the commodity procurement value chain, catering to business owners, farmer producer organizations, stockists, farmers, and traders.
They supply commodities to companies involved in processing, stockists, importers, exporters, and traders, sourcing products directly from mandis through their employees.
The company is managed by professionals with extensive experience in domestic and international agro-commodities trading, enabling it to emerge as a significant player in the Indian commodity market, recognized across major agriculture markets nationwide.
Services:
The company’s product sales vary yearly. Key commodities include soybean, chickpeas, maize, turmeric, guar seed, and cashew nuts. Sales distribution changes based on market demand and business strategy.
Competitive Strengths:
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 19.77 | 20.49 | 7.61 | 5.98 |
| Total Income | 19.18 | 40.67 | 66.97 | 10.08 |
| Profit After Tax | 1.93 | 1.88 | 0.35 | 0.10 |
| NET Worth | 6.07 | 4.13 | 1.01 | 0.66 |
| Reserves and Surplus | 3.21 | 1.28 | 1.00 | 0.65 |
| Total Borrowing | 1.59 | 1.41 | 3.78 | 0.99 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Investment in the technology infrastructure and human resources towards development of the commodity platform of the Company | 4.67 |
| 2 | Funding expenditure proposed to be incurred towards setting up of branch offices and customer care centers | 1.57 |
| 3 | Payment of security deposit to warehousing agents for booking warehouse spaces for executing contracts received on the commodity platform | 0.60 |
| 4 | Prepayment or repayment of all or a portion of certain loans availed by the Company | 1.75 |
| 5 | General corporate purposes |
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 73.26% |
| ROCE | 54.09% |
| Debt/Equity | 0.34 |
| RoNW | 45.56% |
| PAT Margin | 4.71% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 68.12% |
Lead Manager Reports
Tirshil Algocomm Technologies IPO is a SME IPO of 0 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is .
The Tirshil Algocomm Technologies IPO open and close dates are not available as of now.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Tirshil Algocomm Technologies IPO using UPI as a payment gateway. Zerodha customers can apply in Tirshil Algocomm Technologies IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Tirshil Algocomm Technologies IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Tirshil Algocomm Technologies IPO dates are not announced. Please check back again after some time.
Tirshil Algocomm Technologies IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Tirshil Algocomm Technologies 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 Tirshil Algocomm Technologies IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Tirshil Algocomm Technologies IPO allotment status.
The Tirshil Algocomm Technologies IPO listing date is not yet announced. The tentative date of listing is .
