Shree Tirupati Balajee Agro Trading Co. Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Shree TirupatiBa

CMP

75.42

-0.60 (-0.79%)

  • DRHP
₹83

Offer Price

₹ 169.65 Cr

Issue Size

₹ 14,940

Min Investment

124.75x

Times Subscribed

180

Lot size

Time Line

  • 05
    Sep 2024
    Open
  • 09
    Sep 2024
    Close
  • 10
    Sep 2024
    Finalisation of Basis of Allotment
  • 11
    Sep 2024
    Initiation of Refunds
  • 11
    Sep 2024
    Transfer of Shares to Demat Account
  • 12
    Sep 2024
    Listing Date

Shares Offered

Number of Times Subscribed

Objects of the Offer

  • Focus on core competence.

  • Multi- Location Facilities.

  • Developing the new product line.

  • Global and Domestic Presence.

  • Continue to improve operating efficiencies through technology enhancements.

Products & Services

  • The Company is engaged in the business of manufacturing and selling of Flexible Intermediate Bulk Containers (FIBCs).

Strengths

  • Diverse customer base.

  • Cost-Effectiveness of FIBCs.

  • Multi- product portfolio.

  • Integrated Manufacturing Facility.

  • Quality Standard Certifications & Quality Tests.

Risks

  • All its manufacturing facilities are situated at Pithampur, Madhya Pradesh resulting in concentration in a single region. Any interruption for a significant period of time, in these facilities may in turn adversely affect its business, financial condition and results of operations.

  • There is an increased awareness towards controlling pollution and many economies including India have joined in the efforts to ban plastic product. In case any plastic packaging products manufactured by it are banned in India or in any of the markets where the company export its products, it could have a material and adverse effect on its business and results of operations.

  • The Company`s name may suggest involvement in agro business, leading to misconceptions among investors.

  • The Company has negative cash flows from its operating, investing and financing activities in the past years, details of which are given below. Sustained negative cash flow could impact on its growth and business.

  • Increased revenue may not necessarily lead to higher margins, as they are affected by raw material costs, finance expenses, and other operational costs.

Company Promoters

Promoters Holding

Issue For IPO
88.38%
Pre Holding

88.38%

Post Holding

-

Top Promoters Holding

Financials

All values in Cr

Mar-2022 Mar-2023
Revenue 444.18 (-) 475.43 (7.00%)
Gross Profit 24.49 (-) 32.92 (34.40%)
Net Income 10.22 (-) 16.32 (59.70%)
Assets 363.91 (-) 369.24 (1.50%)
Liabilities 271.66 (-) 259.00 (-4.70%)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
Commercial Syn Bags Ltd 288.43 7.86 272.91 272.91 6.10 1.97 32.22 2.87 0.78
Emmbi Industries Ltd 377.43 9.95 388.40 388.40 5.84 5.62 96.17 2.56 0.92
Rishi Techtex Ltd 111.74 1.35 72.24 72.24 4.23 1.82 43.09 1.86 0.79

Book Running Managers

  • PNB Investment Services Ltd
  • Unistone Capital Pvt Ltd

Registrar & Transfer Agent

Link Intime India Pvt Ltd

C-101 247 Park,
L B S Marg,
Vikhroli West - Mumbai-400083
Phone : 91-22-49186000 Fax: 91-22-49186060

Company Contact Information

Plot No 192 Sector 1,
Pithampur,
Dhar - 454775
Phone : 0731 4217 400 Email : info@tirupatibalajee.net www.tirupatibalajee.net

Offer Related Information

Initial public offering of 2,04,40,000 equity shares of face value of Rs. 10 each ("Equity Shares") of Shree Tirupati Balajee Agro Trading Company Limited ("The Company" or the "Issuer") for cash at a price of Rs. 83 per equity share (including a premium of Rs. 73 per equity share) ("Offer Price") aggregating up to Rs. 169.65 crores. The offer comprises of fresh issue of 1,47,50,000 equity shares aggregating up to Rs. 122.43 crores ("Fresh Issue") and an offer for sale of 56,90,000 equity... More

News

  • No Data Found.

Shree TirupatiBa FAQ's

The shares of Shree TirupatiBa were first listed on the stock exchanges on June 26, 2024.

The total issue size of the Shree TirupatiBa IPO was 1,10,00,000 shares, amounting to Rs. 132 crore. they

The minimum lot size for Shree TirupatiBa public issue was 125 shares.

The price band of the IPO of Shree TirupatiBa was Rs. 114 to Rs. 120 per equity share.

Shree TirupatiBa IPO is a public issue through which the company raised approximately Rs. 132 crore by issuing around 1.1 crore equity shares to the public. After a successful IPO, the company’s shares are currently listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), where they are freely traded without restrictions.

Bigshare Services Private Limited is the registrar and share transfer agent of Shree TirupatiBa IPO.

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