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| IPO Listing At | BSE, NSE |
| IPO Issue Type | Book Build Issue |
| Issue Size | ₹169.65 Cr |
| Fresh Issue | ₹122.43 Cr |
| Offer for Sale | ₹47.23 Cr |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹78.00-83.00 per share |
| Discount | Retail: 0.00 |
| BSE Code | 544249 |
| NSE Code | BALAJEE |
| Registrar | MUFG Intime India Pvt.Ltd. |
| Lead Managers | PNB Investment Services Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 180 shares and in multiples thereof
Established in October 2001, Shree Tirupati Balajee Agro Trading Company Limited manufactures and sells Flexible Intermediate Bulk Containers (FIBCs), i.e., large flexible bags, and other industrial packaging products such as woven sacks, woven fabric, narrow fabric, and tapes in the Indian domestic market and overseas.
The company offers customized products and caters to the bulk packaging needs of clients from various industries, including chemicals, agrochemicals, food, mining, waste disposal, agriculture, lubricants, and edible oil.
The company operates through subsidiaries such as Honourable Packaging Private Limited (HPPL), Shree Tirupati Balajee FIBC Limited (STBFL), and Jagannath Plastics Private Limited (JPPL).
The company operates five manufacturing units. Units I and II are certified with ISO 9001:2015 and ISO 14001:2018. Unit III is certified with ISO 9001:2015, ISO 45001:2018, ISO 14001:2015, ISO 14064-1:2018, and the SEDEX SMETA four-pillar. The company's certifications cover the production of Flexible Intermediate Bulk Containers (FIBC), Woven Sacks, and Fabrics of PP (Polypropylene) and HDPE (High-Density Polyethylene).
As of July 2024, the company has 857 department employees.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment and/or prepayment, in part or full, of certain of the outstanding borrowings availed by the Company. | 31.45 |
| 2 | Investment in the subsidiaries HPPL, STBFL and JPPL for Repayment and/or prepayment, in part or full, of certain of outstanding borrowings availed | 20.82 |
| 3 | Funding incremental working capital requirements of the Company | 13.50 |
| 4 | Investment in the subsidiaries HPPL, STBFL and JPPL for funding working capital requirements. | 10.74 |
| 5 | General Corporate Purposes | 31.83 |
| Total | 108.35 |
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 516.94 | 392.46 | 391.89 |
| Total Income | 552.82 | 478.14 | 453.79 |
| Profit After Tax | 36.07 | 20.72 | 13.66 |
| NET Worth | 173.07 | 110.21 | 92.23 |
| Reserves and Surplus | 106.24 | 109.05 | |
| Total Borrowing | 243.69 | 223.81 | 240.06 |
| Amount in ₹ Crore | |||
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 20.84% |
| ROCE | 16.29% |
| Debt / Equity | 1.41% |
| RoNW | 20.84% |
| PAT Margin | 6.53% |
| Price to Book Value | 3.01 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 5.40 | 4.42 |
| P/E (x) | 15.37 | 18.77 |
| Promoter Holding | 88.38% | 65.42% |
| Market Cap | ₹677.04 Cr. | |
