Shree Tirupati Balajee IPO: The Indian textile and packaging industries are growing fast. Investors can jump on this trend with the Shree Tirupati Balajee Agro Trading Company Limited IPO. This company makes Flexible Intermediate Bulk Containers (FIBCs) and other packaging products. It plans to raise up to ₹169.65 crores through its IPO.
Table of Contents
Shree Tirupati Balajee started in 2001. It has five manufacturing units and many ISO certifications. This makes it a big player in textiles and packaging. The Shree Tirupati Balajee IPO is a chance for investors to grow with the company and its strong financials.
Key Takeaways
- Shree Tirupati Balajee Agro Trading Company Limited is launching its maiden IPO to raise up to ₹169.65 crores.
- The IPO comprises a fresh issue of 14,750,000 shares and an offer for sale of 5,690,000 shares, with a total issue size of 20,440,000 shares.
- The IPO price band is set at ₹78 to ₹83 per share, with a minimum lot size of 180 shares for retail investors.
- The company has reported strong financial growth, with a revenue increase of 16% and a profit after tax surge of 74% in the last two fiscals.
- Shree Tirupati Balajee aims to leverage its established presence and diversified product portfolio to capitalize on the growth opportunities in the textile and packaging industries.
What is Shree Tirupati Balajee IPO?
Company Overview and Product Portfolio
Shree Tirupati Balajee Agro Trading Company Limited started in 2001. It makes and sells Flexible Intermediate Bulk Containers (FIBCs) and other packaging items. They have FIBCs, woven sacks, woven fabric, narrow fabric, and tapes.
They help many industries like chemicals, agrochemicals, food, mining, waste, agriculture, lubricants, and edible oil with their packaging.
The company has Honourable Packaging Private Limited (HPPL), Shree Tirupati Balajee FIBC Limited (STBFL), and Jagannath Plastics Private Limited (JPPL) as its subsidiaries. They have five factories with ISO certifications.
| Product Categories | Key Features |
|---|---|
| Flexible Intermediate Bulk Containers (FIBCs) | Used for the bulk transportation and storage of a wide range of materials, including chemicals, agrochemicals, and food products. |
| Woven Sacks | Durable and versatile packaging solutions for various industries, such as agriculture, mining, and waste disposal. |
| Woven Fabric | Woven fabrics used for a variety of applications, including industrial, packaging, and textile industries. |
| Narrow Fabric | Specialized fabric products used in various industrial and consumer applications. |
| Tapes | Adhesive tapes and other specialized products used for sealing, binding, and securing applications. |
Shree Tirupati Balajee Agro Trading Company has a wide product portfolio and manufacturing capabilities. This makes them a top name in the industrial packaging market in India.
Key Highlights of the Shree Tirupati Balajee IPO
The Shree Tirupati Balajee IPO will start on September 5, 2024, and end on September 9, 2024. They want to make ₹169.65 crores through this public offering. This includes 14,750,000 fresh shares worth ₹122.43 crores and 5,690,000 shares for sale worth ₹47.23 crores.
The IPO price is set between ₹78 to ₹83 per share. You need to buy at least 180 shares. The shares will go to different investors, like QIBs, retail, and NIIs. Retail investors must put in at least ₹14,940.
Small NIIs need to invest ₹209,160, and big NIIs need ₹1,000,980. This makes sure everyone has a fair chance to invest.
| IPO Details | Information |
|---|---|
| IPO Date | September 5 (subscription opens) – September 9 (last day for bidding) |
| Price Band | ₹78 – ₹83 per share |
| Issue Size | ₹169.65 crore through 20,440,000 equity shares |
| Lot Size | Minimum of 180 shares |
| Investor Categories | Qualified Institutional Buyers (QIBs): 50% Retail Investors: 35% Non-Institutional Investors (NIIs): 15% |
| Minimum Investment | Retail Investors: ₹14,940 Small NIIs: ₹209,160 Big NIIs: ₹1,000,980 |
Many investors are excited about the Shree Tirupati Balajee IPO. The shares are already trading 10% higher in the grey market. The company’s profits jumped 74.1% and revenue by 13.5% in the last fiscal year. This has added to the buzz around the IPO.
Financial Performance and Growth Prospects
Shree Tirupati Balajee Agro Trading Company Limited has grown a lot over the last three years. Its assets went from ₹39,188.98 lakhs in FY22 to ₹51,694.07 lakhs in FY24. That’s a jump of about 32%.
Revenue also went up, from ₹44,418.05 lakhs in FY22 to ₹53,966.08 lakhs in FY24. This is a solid increase of about 21.5%. Profit after tax (PAT) jumped by about 164% during this time. This shows the company is getting more profitable.
Shree Tirupati Balajee’s net worth has grown by about 87.6% over two years. It went from ₹9,222.97 lakhs in FY22 to ₹17,306.50 lakhs in FY24. This shows the company can make and keep earnings.
Total borrowings stayed stable, but the net worth went up. This makes the company’s financial health better. With more assets, revenue, profit, and net worth, Shree Tirupati Balajee looks set to keep growing.
The company’s Return on Capital Employed (ROCE) got better from 9.1% in FY23 to 16.29% in FY24. This shows it’s using its capital well and making good returns. Also, the Earnings per Share (EPS) went up from ₹2.31 in FY22 to ₹5.74 in FY24. This shows the company’s strong financial performance and growth potential.
FAQ
What is the Shree Tirupati Balajee IPO?
Shree Tirupati Balajee Agro Trading Company Limited is a company that makes and sells packaging products. They are starting their first public offering (IPO) to make up to ₹169.65 crores. This will be done through new shares and selling some shares by others.
What is the company’s background and product portfolio?
The company started in 2001 and has grown a lot since then. It has five factories and many ISO certifications. They make FIBCs, woven sacks, and other packaging items for many industries.
What are the key details of the Shree Tirupati Balajee IPO?
The IPO will offer 14,750,000 new shares for ₹122.43 crores and sell 5,690,000 shares for ₹47.23 crores. The shares will cost between ₹78 to ₹83 each. You can buy a minimum of 180 shares.
Shares will go to different types of investors. 50% will go to big investors, 35% to small investors, and 15% to other big investors.
What is the financial performance and growth prospects of the company?
The company’s finances have grown a lot over the last three years. Their assets, revenue, and profits have all increased. This shows the company is doing well.
Their net worth has jumped by about 87.6% in two years. Their debts have stayed the same, showing they’re doing well.
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