Shree Tirupati Balajee Agro Trading Co. Ltd
Price Range
₹78 - ₹83
Min. Quantity
180
Closes on
9 September 2024
Min. investment
₹14,940/2,340 Shares
Shree Tirupati Balajee Agro Trading Co. Ltd IPO Timeline
Shree Tirupati Balajee Agro Trading Company Limited' was originally incorporated as Shree Tirupati Balajee Agro Trading Company Private Limited' at Pithampur, Dhar, Madhya Pradesh as a private limited company under the provisions of Companies Act, 1956, pursuant to certificate of incorporation dated October 23, 2001. Upon the conversion of the Company into a public limited company, pursuant to the approval accorded by the Shareholders at their extra-ordinary general meeting held on November 20, 2023, the name of the Company was changed to 'Shree Tirupati Balajee Agro Trading Company Limited' and a fresh certificate of incorporation consequent upon change of name upon conversion to public limited company was issued to the Company by the RoC on November 21, 2023.
| Event | Date |
|---|---|
| Shree Tirupati Balajee Agro Trading Co. Ltd IPO Opening Date | 5 September 2024 |
| Shree Tirupati Balajee Agro Trading Co. Ltd IPO Closing Date | 9 September 2024 |
| Basis of Allotment | 10 September 2024 |
| Initiation of Refunds | 11 September 2024 |
| Credit of Shares to Demat | 11 September 2024 |
| Shree Tirupati Balajee Agro Trading Co. Ltd IPO Listing Date | 12 September 2024 |
Shree Tirupati Balajee Agro Trading Co. Ltd IPO Details
| Shree Tirupati Balajee Agro Trading Co. Ltd IPO Date | 5 September 2024 to 9 September 2024 |
| Shree Tirupati Balajee Agro Trading Co. Ltd IPO Face Value | ₹10 per share |
| Shree Tirupati Balajee Agro Trading Co. Ltd IPO Price | ₹78 to ₹83 per share |
| Shree Tirupati Balajee Agro Trading Co. Ltd IPO Lot Size | 180 |
| Issue Size | Shares of ₹10 (aggregating up to ₹169.65 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹122.43 Cr) |
| Offer for Sale | Shares of ₹10 (aggregating up to ₹47.22 Cr) |
| Issue Type | (Book Built Portion) |
| Listing At | BSE, NSE |
| QIB Shares Offered | Not more than 40,88,000 of the Net Offer |
| Retail Shares Offered | Not less than 71,54,000 of the Net Offer |
| NII (HNI) Shares Offered | Not less than 30,66,000 of the Net Offer |
| Company Promoters | Binod Kumar Agarwal |
Shree Tirupati Balajee Agro Trading Co. Ltd IPO Lot Size
The Shree Tirupati Balajee Agro Trading Co. Ltd IPO lot size is 180 shares. A retail-individual investor can apply for up to 13 lots (2,340 shares or ₹1,94,220).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 180 | ₹14,940 |
| Maximum | 13 | 2,340 | ₹1,94,220 |
- Strengths
- Risks
- Opportunities
- Diverse customer base.
- Cost-Effectiveness of FIBCs.
- Multi- product portfolio.
- Integrated Manufacturing Facility.
- Quality Standard Certifications & Quality Tests.
- Experienced Promoter and senior management team.
- Multi-market Company.
- Product Development Capabilities.
- Growing Demand for Sustainable Packaging Solutions.
Company Financials
Shree Tirupati Balajee Agro Trading Co. Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 303.19 | 365.25 | 17.24 |
| 03-2023 | 239.64 | 347.14 | 8.82 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Repayment and/or prepayment in part or full of certain of its outstanding borrowings availed by the company and its subsidiaries HPPL STBFL and JPPL
- Investment in its subsidiary HPPL STBFL and JPPL for repayment and/or prepayment in part or full of certain of outstanding borrowings availed
- Funding incremental working capital requirements of the company
- Investment in HPPL STBFL and JPPL for funding working capital requirements
- General corporate purposes
Shree Tirupati Balajee Agro Trading Co. Ltd IPO Promoter Holding
| Pre Issue Share Holding | 88.38% |
| Post Issue Share Holding | 65.42% |
Shree Tirupati Balajee Agro Trading Co. Ltd IPO Subscription Status (Bidding Detail)
The Shree Tirupati Balajee Agro Trading Co. Ltd IPO is subscribed 124.75 times on 9 September 2024 05:00:00 PM. The public issue subscribed 73.22 times in the retail category, 150.87 times in the QIB category, and 210.12 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | 150.87 | 210.12 | 73.22 | - | 124.75 |
Shree Tirupati Balajee Agro Trading Co. Ltd IPO Prospectus
Shree Tirupati Balajee Agro Trading Co. Ltd IPO Listing Date
| Listing Date | 12 September 2024 |
| BSE Script | 544249 |
| NSE Symbol | BALAJEE |
| Listing In | BSE, NSE |
| ISIN | INE0S2G01011 |
| IPO Price | ₹83 |
| Face Value | ₹10 |
Company Contact Information
Plot No 192 Sector 1Pithampur,Dhar-454775
Phone: 0731 4217 400
Email: info@tirupatibalajee.net
Website: www.tirupatibalajee.net
Shree Tirupati Balajee Agro Trading Co. Ltd IPO Registrar
Shree Tirupati Balajee Agro Trading Co. Ltd IPO Lead Manager(s)
- PNB Investment Services Ltd
- Unistone Capital Pvt Ltd
FAQ
What is the issue size of Shree Tirupati Balajee Agro Trading Co. Ltd IPO?
I have pre-applied for Shree Tirupati Balajee Agro Trading Co. Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.