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IPO Status: Listed [5th Sep 2024 to 9th Sep 2024]
Shree Tirupati Balajee IPO, a Mainline IPO of ₹169.65 Cr was launced on 05-09-2024 to 09-09-2024 and the shares got listed on BSE, NSE on 12-09-2024.
The public issue of Shree Tirupati Balajee IPO (BALAJEE,544249) was offered at ₹83.00 per share and the ipo was listed at ₹90.00. It has delivered listing gain of 8.43%.
As the minimum lot size was 180 shares, the IPO has offered Rs 1260.00 per lot return on listing.
| IPO Issue Opening Date: | 5th Sep 2024 |
| IPO Issue Closing Date: | 9th Sep 2024 |
| IPO Issue Price: | ₹78.00-83.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | BSE, NSE |
| Retail Quota: | Not less than 35.00% of the Offer |
| IPO Issue Type: | Book Build Issue |
| IPO Issue Size: | ₹169.65 Cr |
| Offer for Sale: | ₹47.23 Cr |
| Fresh Issue: | ₹122.43 Cr |
| Face Value: | ₹10 Per Equity Share |
| IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 88.38% |
| Promoter Holding Post IPO: | 65.42% |
| Allotment Status: | Allotment Status |
| BSE Code: | 544249 |
| NSE Code: | BALAJEE |
Get important updates regarding Shree Tirupati Balajee IPO tentative timeline covering IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 10th Sep 2024 |
| Refunds Initiation* | 11th Sep 2024 |
| Credit of Shares to Demat* | 11th Sep 2024 |
| IPO Listing Date* | 12th Sep 2024 |
* - Tentative Dates
| IPO Activity | Date |
|---|---|
| Issue Price | ₹78.00-83.00 |
| Market Lot: | 180 Shares |
| 1 Lot Amount: | ₹14940 |
| Min Small HNI Lots(2-10 Lakh): | 2520 shares (14 lots) - ₹209160 |
| Min Big HNI Lots(10+ Lakh): | 12060 shares (67 lots) - ₹1000980 |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 12-09-2024 | 83.00 | 27 | 3700/51800 | ₹110 (32.53%) | 12-Sep-2024 10:29 |
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**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Shree Tirupati Balajee Agro Trading Company Limited was incorporated in October 2001. The company is engaged in the manufacture and sale of flexible intermediate bulk containers (FIBCs) i.e. large flexible bags and other industrial packaging products such as woven bags, woven and narrow fabrics and tapes in the Indian domestic and overseas markets. The company offers customised products and meets the packaging requirements of its customers from various industries such as chemical, agrochemical, food, mining, waste management, agriculture, lubricants and edible oil by supplying them our FIBC products for transportation purposes and their packaging needs. They offer an alternative for packaging and transportation by streamlining the loading and unloading of ships, containers or trucks, thus reducing labour.
Its core competencies include a broad product range, multiple locations, recurring orders, global presence, production scale, technical expertise, and contribution to environmental protection and recycling. They offer our customers a wide range of packaging solutions as they manufacture a variety of FIBC bags, woven bags container liners, etc. They manufacture FIBC bags for packaging all types of products, including food, chemicals, mining, etc. Our products are logistic solutions for various industries and the success of our company does not depend on a few sectors. They are a complete solution for all FIBC packaging requirements.
The company has been offering its services for more than twenty (20) years and has five (5) manufacturing units. The Company also operates and manages its business through its subsidiaries Honourable Packaging Private Limited (HPPL), Shree Tirupati Balajee FIBC Limited (STBFL) and Jagannath Plastics Private Limited (JPPL).
| Incorporation | Sector | IPO Issue Size | Website |
| 2001 | Packaging | ₹169.65 Cr | https://www.tirupatibalajee.net/ |
The company intend to utilize the net proceeds of the Fresh Issue to meet the following objects:
Our experts can help you prepare for SME IPO
The table below is live update of IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 4,088,000 (28.57%) | 3,066,000 (21.43%) | 7,154,000 (50%) | 14,308,000 | |
| 1 | 5th Sep 2024 19:04 | 4.46x | 5.29x | 8.24x | 6.53x |
| 2 | 6th Sep 2024 19:04 | 4.69x | 28.64x | 21.73x | 18.34x |
| 3 | 9th Sep 2024 18:21 | 150.87x | 210.12x | 73.22x | 124.74x |
Shree Tirupati Balajee Agro Trading Company Limited's revenue increased by 16% and profit after tax (PAT) rose by 74% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | |||||||||||||||||||||||||||
| Assets | 516.94 | 392.46 | 391.89 | |||||||||||||||||||||||||||
| Revenue | 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 | ||||||||||||||||||||||||||||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Shree Tirupati Balajee Agro Trading Company Limited | 5.74 | 5.74 | 27.54 | 20.84 | Consolidated | |
| Commercial Syn Bags Ltd | 1.81 | 1.81 | 32.02 | 37.13 | 5.66 | |
| Emmbi Industries Ltd | 5.62 | 5.62 | 96.17 | 22.07 | 5.85 | |
| Rishi Techtex Ltd. | 1.82 | 1.82 | 43.09 | 33.01 | 4.23 |
Last Updated on 16-Sep-2024 07:03:21
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Shree Tirupati Balajee IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Shree Tirupati Balajee IPO with Zerodha.
Alternate approch to apply in Shree Tirupati Balajee IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Shree Tirupati Balajee IPO Review and Important Updates
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To subscribe or apply in Shree Tirupati Balajee IPO, you can use the following methods:
| Shree Tirupati Balajee IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Shree Tirupati Balajee IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Shree Tirupati Balajee IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Shree Tirupati Balajee IPO. Most of the Syndicate Banks provide access to apply in Shree Tirupati Balajee IPO via ASBA process. You must have your net banking access, DP ID information to apply in Shree Tirupati Balajee IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Shree Tirupati Balajee IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Shree Tirupati Balajee IPO Review and Important Updates
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Applying in Shree Tirupati Balajee IPO is very easy and quick process via ASBA. You can use your net banking user id and password to apply in IPO. In case you want to submit physical application, you can download Shree Tirupati Balajee IPO application online and submit to the nearest bank or to your broker. With new mandate from SEBI, all physical application need to use UPI mode of payment. In such case you have to setup UPI and provide your UPI information in physical application. Once your bank receives your application they will use UPI ID to block your money. You will get UPI mandate and need to approve the same to submit your application.
For more details on how to use UPI payment method to apply Shree Tirupati Balajee IPO, please refer article >> Link
Shree Tirupati Balajee IPO Review and Important Updates
Steps to download the online application form for Shree Tirupati Balajee IPO
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Shree Tirupati Balajee IPO is going to be list on 12-09-2024. NSE Code for Shree Tirupati Balajee is BALAJEE. BSE Code for Shree Tirupati Balajee is 544249.
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Shree Tirupati Balajee IPO Allotment Date is 10-09-2024.
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