Shree Tirupati Balajee Agro Trading Company IPO Details, Financials, Valuation & Peers
Get everything you need to know about the Shree Tirupati Balajee Agro Trading Company IPO. Explore Shree Tirupati Balajee Agro Trading IPO details, including IPO dates, financial statements, valuation, peer comparison, and more.
Overview
Shree Tirupati Balajee Agro Trading Company Limited is a manufacturer and seller of Flexible Intermediate Bulk Containers (FIBCs) and other industrial packaging products, such as woven sacks, woven fabric and narrow fabric tapes. With over two decades of experience, the company provides customized bulk packaging solutions for clients in diverse industries including chemicals, agrochemicals, food, mining, waste disposal, agriculture, lubricants and edible oils. Their products facilitate efficient packaging and transportation, streamlining loading and unloading processes and reducing labor requirements. The company operates through multiple subsidiaries and boasts five manufacturing units, adhering to rigorous quality standards, including ISO certifications and specialized certifications for food-grade production.
Key Points:
- Product Range: Specializes in FIBCs and industrial packaging products, catering to diverse industries like chemicals, food, and agriculture.
- Quality Assurance: Implements rigorous quality checks, including tensile testing, UV testing, and other industry-standard tests to maintain high product quality.
- Sustainability Focus: Invested in solar power plants for captive consumption, emphasizing green energy use and reducing production costs.
- Global Presence: Serves a broad customer base across domestic and international markets, reducing dependency on any single industry or region.
- Innovation: Engages in in-house R&D, holding one granted patent and two pending patents, demonstrating a commitment to continuous innovation and improvement.
- Subsidiary Management: Operates through subsidiaries like Honourable Packaging Private Limited (HPPL), Shree Tirupati Balajee FIBC Limited (STBFL) and Jagannath Plastics Private Limited (JPPL), optimizing production and management.
Objects of the Issue
- Repayment and/or prepayment, in part or full, of certain of the outstanding borrowings availed by the Company
- Investment in our subsidiaries HPPL, STBFL and JPPL for Repayment and/or prepayment, in part or full, of certain of outstanding borrowings availed
- Funding the incremental working capital requirements of the Company
- Investment in the subsidiaries HPPL, STBFL and JPPL for funding working capital requirements
- General corporate purposes.
IPO Details
Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.
| Fields | Details |
|---|---|
| IPO Dates | 05 Sep - 09 Sep 2024 |
| IPO Price Band | ₹78 - ₹83 per share |
| Fresh Issue | 1,47,50,000 shares (₹122.43 crore) |
| Offer For Sale | 56,90,000 shares (₹47.23 crore) |
| Total IPO Size | Approx ₹169.65 crore |
| Face Value | ₹10 |
| Listing On | BSE, NSE |
IPO Timeline
Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.
| Event | Date |
|---|---|
| IPO Opening Date | 05 Sep 2024 |
| IPO Closing Date | 09 Sep 2024 |
| Basis Of Allotment | 10 Sep 2024 |
| Refunds | 11 Sep 2024 |
| Demat Transfer | 11 Sep 2024 |
| IPO Listing Date | 12 Sep 2024 |
Financial Statements
Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.
| Period Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | 31st March 2024 |
|---|---|---|---|---|
| Total Income | 348.07 | 453.79 | 478.14 | 552.82 |
| Total Expenses | 333.20 | 436.45 | 451.03 | 505.38 |
| Net Profit/Loss | 12.03 | 13.66 | 20.72 | 36.07 |
| NPM (*) | 3.46 | 3.01 | 4.33 | 6.53 |
| Total Assets | 349.04 | 391.89 | 392.46 | 516.94 |
| Total Liabilities | 244.38 | 273.47 | 251.50 | 306.26 |
* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)
Valuation
Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.
| Period Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | 31st March 2024 |
|---|---|---|---|---|
| EPS | 2.04 | 2.31 | 3.51 | 5.74 |
| ROE (%) | 14.74 | 14.81 | 18.80 | 20.84 |
| ROCE (%) | 10.03 | 10.02 | 13.39 | 16.29 |
| D/E Ratio | 0.48 | 0.48 | 0.49 | 1.24 |
| Current Ratio | 1.3 | 1.29 | 1.21 | 1.07 |
| EBITDA MARGIN (%) | 9.61 | 8.93 | 10.61 | 13.58 |
* Compiled from DRHP/RHP for valuation purposes.
Peer Comparison
Compare key financial metrics with industry peers to gain valuable insights into the company's performance compared to its competitors.
| Name | Revenue | P/E | EPS | RoNW | NAV |
|---|---|---|---|---|---|
| Shree Tirupati Balajee Agro Trading Company | 539.66 | 14.46 | 5.74 | 20.84 | 27.54 |
| Commercial Syn Bags Ltd | 285.56 | 37.13 | 1.81 | 5.66 | 32.02 |
| Emmbi Industries Limited | 377.43 | 22.07 | 5.62 | 5.85 | 96.17 |
| Rishi Techtex Limited | 111.74 | 33.01 | 1.82 | 4.23 | 43.09 |
* Revenue in (₹cr), RoNW in (%), EPS, NAV in (₹). P/E ratio is based on the highest price from the IPO price band.
Subscription Data from NSE and BSE
| Investor Type | Subscribed |
|---|---|
| Qualified Institutional Buyer (QIB) | 150.87 |
| Non-Institutional Investor (NII/HNI) | 210.12 |
| Retail Individual Investor (RII) | 73.22 |
| Total | 124.74 |
* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.
IPO Registrar
MUFG Intime India Private Limited (Formerly known as Link Intime India Private Limited)
Phone: + 91 810 811 4949
Email: ipo.helpdesk@linkintime.co.in
Website: https://linkintime.co.in/
Company Promoters
- BINOD KUMAR AGARWAL
Lead Managers
- PNB Investment Services Limited
- Unistone Capital Private Limited
Company Address
Shree Tirupati Balajee Agro Trading Company Limited
Plot No.192, Sector 1, Pithampur, Dhar – 454 775, Madhya Pradesh, India
Phone: +91 731-4217400
Email: info@tirupatibalajee.net
Website: www.tirupatibalajee.net
FAQs
- What is the issue size of the Shree Tirupati Balajee Agro Trading IPO?The Shree Tirupati Balajee Agro Trading IPO has an issue size of Approx ₹169.65 crore. This includes a fresh issue of 1,47,50,000 shares (₹122.43 crore) and an offer for sale (OFS) of 56,90,000 shares (₹47.23 crore).
- What is the price band of the Shree Tirupati Balajee Agro Trading IPO?The price band for the Shree Tirupati Balajee Agro Trading IPO is ₹78 - ₹83 per share.
- What are the bidding dates for the Shree Tirupati Balajee Agro Trading IPO?The Shree Tirupati Balajee Agro Trading IPO will open for bidding on 05 Sep 2024 and close on 09 Sep 2024.
- What is the allotment date for the Shree Tirupati Balajee Agro Trading IPO?The allotment date for the Shree Tirupati Balajee Agro Trading IPO is 10 Sep 2024.
- What is the listing date for the Shree Tirupati Balajee Agro Trading IPO?The listing date for the Shree Tirupati Balajee Agro Trading IPO is 12 Sep 2024.
- What is the Shree Tirupati Balajee Agro Trading IPO grey market premium?The grey market premium (GMP) for the Shree Tirupati Balajee Agro Trading IPO is currently at ₹27, with an expected listing gain of approximately 32.53%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.