Shree Tirupati Balajee IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Apr 03, 2024Let’s have a detailed review of the company and analytics of the Shree Tirupati Balajee IPO release date, IPO offer price, subscription, Shree Tirupati Balajee Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs [●] |
| Listing At | BSE, NSE |
| Min. Order Quantity | NA Shares |
| Listing Date | NA |
| Offer for Sale | Rs Lakh |
| Fresh Issue | Rs Lakh |
| IPO Size | Rs Lakh |
| Tick Size | 1 |
Shree Tirupati Balajee IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
| Live Performance – Shree Tirupati Balajee Share Price |
Shree Tirupati Balajee IPO – Summary
They are engaged in the business of manufacturing and selling of Flexible Intermediate Bulk Containers(FIBCs)i.e. large flexible bags and other industrial packaging products such as woven sacks, woven fabric and narrow fabric, and tapes in the Indian domestic market and overseas.
They offer customised products and cater to the bulk packaging solutions of their clients from diverse industries like chemicals, agrochemicals, food mining, waste disposal industry, agriculture industry, lubricants and edible oil by supplying them their FIBC products for transportation purposes and their packaging requirements.
The Promoter of this company is BINOD KUMAR AGARWAL. The lead manager of the issue is UNISTONE CAPITAL PRIVATE LIMITED, and the Registrar of this issue is LINK INTIME INDIA PRIVATE LIMITED.
Shree Tirupati Balajee IPO Date
The opening and closing dates of Shree Tirupati Balajee IPO are not available yet.
Shree Tirupati Balajee IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – | ||||
| 2nd Day – | ||||
| 3rd Day – | ||||
| Shares Offered or Net Issue |
The shares subscribed by the public will be updated here.
Shree Tirupati Balajee IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Shree Tirupati Balajee Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | – |
| Refunds Initiation | – |
| Credit of Shares to Demat Account | – |
| Share Listing Date | – |
Shree Tirupati Balajee IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs.[●]
Shree Tirupati Balajee IPO Equity Size
This Initial Public Issue of 2,04,40,000 Equity Shares of Rs.10 each for cash at a price of Rs.[●] per equity share aggregating to Rs.[●] Lakh.
Shree Tirupati Balajee IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of [●] Equity Shares of Rs.10/ each.
Issue Size: 1,47,50,000 Equity Shares of Rs.10 each, aggregating to Rs.[●] Lakh
Open Free Demat Account Now!
Shree Tirupati Balajee IPO – Live Performance
The listing date of this IPO is [●]. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Shree Tirupati Balajee Share Price |
Shree Tirupati Balajee IPO Grey Market Premium
The Shree Tirupati Balajee Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is Rs X.
Shree Tirupati Balajee IPO – Company Overview
They offer an alternative for packaging and transportation, streamlining the loading and unloading processes of vessels, containers, or trucks, thereby reducing labour requirements. They offer a wide range of packaging solutions to their clients since they manufacture a variety of FIBC bags, woven bags container liners etc.
Also, they manufacture FIBC bags for packaging all possible products including, food products, chemicals, minings etc. Their products are logistic solutions for diverse industries and the success of their business does not depend upon a few sectors.
They are a one-stop solution to all FIBC packaging needs. They believe that they are among the few companies in India with a large portfolio. For ease of operations and better management and control, they manufacture specific products under various Subsidiaries.
Shree Tirupati Balajee IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakhs) | ||||
| 31-Sep-23 | 31-Mar-23 | Mar-22 | 31-Mar-21 | |
| Total Assets |
45,339.54
|
39,248.34
|
39,192.01
|
34,904.22
|
| *Total Revenue |
20,576.36
|
47,813.65
|
45,378.77
|
34,806.59
|
| Total Expense |
18,033.52
|
45,102.51
|
43,645.12
|
33,319.88
|
| Profit After Tax |
2,025.14
|
2,072.09
|
1,368.94
|
1,202.87
|
Earnings per Equity Share (in Lakh)
| 31-Sep-23 | 31-Mar-23 | Mar-22 | 31-Mar-21 | |
| Basic & Diluted |
3.40
|
3.51
|
2.32
|
2.04
|
Further, their PAT for the period ended on March 31, 2023, March 31, 2022, and March 31, 2021, were Rs. 2,072.09 Lakhs, Rs. 1,368.94 Lakhs and Rs. 1,202.87 Lakhs respectively.
Shree Tirupati Balajee IPO – Promoters
The Promoter of this company is:
- BINOD KUMAR AGARWAL
List of Related Parties (Key Managerial Personnel)
- Binod Kumar Agarwal, Chairman and Managing Director
- Ranjan Kumar Mohapatra, Non-Executive Director
- Anubha Mishra, Executive Director
- Palash Jain, Independent Director
Shree Tirupati Balajee IPO – Promoters Holding
- Pre-Issue Share Holding – %
- Post-Issue Share Holding – %
Shree Tirupati Balajee IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 2,04,40,000 Equity Shares aggregating up to Rs.[●] Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to [●] Equity Shares aggregating up to Rs.[●] Lakh |
| Net Issue to the Public | Up to [●] Equity Shares aggregating up to Rs.[●] Lakh |
| Of which: | |
| Retail Investors Portion | Not less than [●] Equity Shares |
| Other than Retail Individual Investors | Not more than [●] Equity Shares |
| Equity Shares outstanding prior to the Issue | 6,68,20,852 Equity Shares |
| Equity Shares outstanding after the Issue | X Equity Shares |
Shree Tirupati Balajee IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
- Repayment and/or prepayment, in part or full of certain of their outstanding borrowings availed by their Company and its Subsidiaries namely Honourable Packaging Private Limited (“HPPL”), Shree Tirupati Balajee FIBC Ltd. (“STBFL”) and Jagannath Plastics Pvt. Ltd. (“JPPL”);
- Funding the incremental working capital requirements of their Company and subsidiaries; and
- General corporate purposes.
Shree Tirupati Balajee IPO – Business Strategy
-
Focus on core competence.
-
Location Facilities.
-
Developing the new product line.
- Global and Domestic Presence
Shree Tirupati Balajee IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Diverse customer base
- Cost-Effectiveness of FIBCs
- Multi-product portfolio
- IntegratedManufacturing Facility
- Quality Standard Certifications & Quality Tests
- Experienced Promoter and senior management team
- Multi-market Company
- ProductDevelopment Capabilities
- Growing Demand for Sustainable Packaging Solutions
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-23 |
3.51
|
18.80
|
15.52
|
| 31-Mar-22 |
2.32
|
14.84
|
– |
| Mar-21 |
2.04
|
14.74
|
– |
Shree Tirupati Balajee IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Lakhs) | |
| Shree Tirupati Balajee Limited | 10 | [●] |
3.51
|
18.80
|
47,813.65
|
| Listed Peers | |||||
| Commercial Syn Bags Ltd | 10 | 33.00 | 2.02 |
6.71
|
29,178.87
|
| Emmbi Industries Limited | 10 |
20.76
|
4.67
|
5.14
|
37,108.30
|
Shree Tirupati Balajee IPO Lead Managers
| Lead Managers |
|
PNB INVESTMENT SERVICES LIMITED
UNISTONE CAPITAL PRIVATE LIMITED
|
Shree Tirupati Balajee IPO Registrar to offer
| Registrar to the Offer |
| LINK INTIME INDIA PRIVATE LIMITED C-101, 247 Park, L.B.S Marg, Vikhroli West, Mumbai-400083, Maharashtra, India Telephone:+91 8108114949 Email:shreetirupatibalajee.ipo@linkintime.co.in Investor grievance email:shreetirupatibalajee.ipo@linkintime.co.in Website:www.linkintime.co.in Contact Person: Shanti Gopalkrishnan SEBI Registration No.:INR000004058 |
Shree Tirupati Balajee IPO – Other Details
- Statutory Auditor – M. S.Dahiya & Co., Chartered Accountants
- Legal Counsel to the Company – Dhaval Vussonji & Associates
- Bankers to the Company – NA
Shree Tirupati Balajee IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
Subscribe to Shree Tirupati Balajee IPO
Shree Tirupati Balajee Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Shree Tirupati Balajee IPO Review FAQs
Check out various FAQs related to Shree Tirupati Balajee IPO:
What is the Issue Size of Shree Tirupati Balajee IPO?
The Company is making an initial public offer of 2,04,40,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of Shree Tirupati Balajee IPO?
The price band for this particular IPO ranges between Rs NA. As far as the face value of the share is concerned, it is Rs. 10 per share.
What is the Shree Tirupati IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on NA, while the closing date is set at NA.
What is the Shree Tirupati IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on NA, refund initiation is on NA, credit of shares is on NA, and share listing date is on NA.
What is the Shree Tirupati IPO Listing Date?
Shares of this company shall be listed in the exchanges NA. The date, when the listing would be done, is stagnant on NA.
Who is the Registrar of Shree Tirupati IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. LINK INTIME INDIA PRIVATE LIMITED. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Shree Tirupati Balajee IPO?
Here are the promoters of this IPO – BINOD KUMAR AGARWAL. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of Shree Tirupati IPO?
They have obtained the GMP of this IPO and it is Rs NA. Further insights into the Kostak rate and subject to sauda or SS are as well included in this report.
Is Shree Tirupati IPO Good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Shree Tirupati Balajee Company?
They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2023 in Lakh is 2,072.09, 2022 is 1,368.94, and 2021 is 1,202.87. PAT from Sep 2023 is 2,025.14.
Calculate your return on investment!
Asset Class
ROI (Rs.)
Profit (Rs.)
Profit (%)
IPO
Equity
Savings
Real Estate
Gold
Bonds
Fixed Deposit
Mutual Fund
Featured Topics