Shree Tirupati Balajee IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Sep 05 to Sep 09 2024
Price Band
₹78 - 83
Current GMP
₹90(8.43%)
Subscription
123.77 times
IPO Details
| IPO Date | September 5, 2024 to September 9, 2024 |
| Listing Date | Thursday, September 12, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹78 to ₹83 per share |
| Lot Size | 180 Shares |
| Total Issue Size | 20,440,000 shares (aggregating up to ₹169.65 Cr) |
| Fresh Issue | 14,750,000 shares (aggregating up to ₹122.43 Cr) |
| Offer for Sale | 5,690,000 shares of ₹10 (aggregating up to ₹47.23 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 66,820,852 |
| Share holding post issue | 81,570,852 |
IPO Date
September 5, 2024 to September 9, 2024
Listing Date
Thursday, September 12, 2024
Face Value
₹10 per share
Price Band
₹78 to ₹83 per share
Lot Size
180 Shares
Total Issue Size
20,440,000 shares (aggregating up to ₹169.65 Cr)
Fresh Issue
14,750,000 shares (aggregating up to ₹122.43 Cr)
Offer for Sale
5,690,000 shares of ₹10 (aggregating up to ₹47.23 Cr)
Issue Type
Book Built Issue IPO
Listing At
BSE, NSE
Share holding pre issue
66,820,852
Share holding post issue
81,570,852
IPO Subscription Details
| Anchor Investors | 1 |
| Qualified Institutions | 150.87 |
| Non-Institutional Buyers | 209.81 |
| bNII (bids above ₹10L) | 225.47 |
| sNII (bids below ₹10L) | 178.49 |
| Retail Investors | 71.40 |
| Total ** | 123.77 |
Anchor Investors
1
Qualified Institutions
150.87
Non-Institutional Buyers
209.81
bNII (bids above ₹10L)
225.47
sNII (bids below ₹10L)
178.49
Retail Investors
71.40
Total **
123.77
Day Wise Sub
| Day | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Day 1 Sep 5, 2024 | 4.46 | 5.29 | 8.24 | 6.53 |
| Day 2 Sep 6, 2024 | 4.69 | 28.64 | 21.73 | 18.34 |
| Day 3 Sep 9, 2024 | 150.87 | 209.81 | 71.40 | 123.77 |
DayDay 1
Sep 5, 2024
QIB4.46
NII5.29
Retail8.24
Total6.53
DayDay 2
Sep 6, 2024
QIB4.69
NII28.64
Retail21.73
Total18.34
DayDay 3
Sep 9, 2024
QIB150.87
NII209.81
Retail71.40
Total123.77
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 12-09-2024 | 83.00 | 27(32.53%) | 110 |
| 11-09-2024 | 83.00 | 27(32.53%) | 110 |
| 10-09-2024 | 83.00 | 28(33.73%) | 111 |
| 09-09-2024 | 83.00 | 39(46.99%) | 122 |
| 08-09-2024 | 83.00 | 40(48.19%) | 123 |
| 07-09-2024 | 83.00 | 40(48.19%) | 123 |
| 06-09-2024 | 83.00 | 40(48.19%) | 123 |
| 05-09-2024 | 83.00 | 35(42.17%) | 118 |
| 04-09-2024 | 83.00 | 25(30.12%) | 108 |
| 03-09-2024 | 83.00 | 16(19.28%) | 99 |
| 02-09-2024 | 83.00 | 8(9.64%) | 91 |
Date12-09-2024
Price83.00
GMP27(32.53%)
Estimate List Price110
Date11-09-2024
Price83.00
GMP27(32.53%)
Estimate List Price110
Date10-09-2024
Price83.00
GMP28(33.73%)
Estimate List Price111
Date09-09-2024
Price83.00
GMP39(46.99%)
Estimate List Price122
Date08-09-2024
Price83.00
GMP40(48.19%)
Estimate List Price123
Date07-09-2024
Price83.00
GMP40(48.19%)
Estimate List Price123
Date06-09-2024
Price83.00
GMP40(48.19%)
Estimate List Price123
Date05-09-2024
Price83.00
GMP35(42.17%)
Estimate List Price118
Date04-09-2024
Price83.00
GMP25(30.12%)
Estimate List Price108
Date03-09-2024
Price83.00
GMP16(19.28%)
Estimate List Price99
Date02-09-2024
Price83.00
GMP8(9.64%)
Estimate List Price91
IPO Important Dates
| IPO Open Date | Thursday, September 5, 2024 |
| IPO Close Date | Monday, September 9, 2024 |
| Basis of Allotment | Tuesday, September 10, 2024 |
| Initiation of Refunds | Wednesday, September 11, 2024 |
| Credit of Shares to Demat | Wednesday, September 11, 2024 |
| Listing Date | Thursday, September 12, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 9, 2024 |
IPO Open Date
Thursday, September 5, 2024
IPO Close Date
Monday, September 9, 2024
Basis of Allotment
Tuesday, September 10, 2024
Initiation of Refunds
Wednesday, September 11, 2024
Credit of Shares to Demat
Wednesday, September 11, 2024
Listing Date
Thursday, September 12, 2024
Cut-off time for UPI mandate confirmation
5 PM on September 9, 2024
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 180 | ₹14,940 |
| Retail (Max) | 13 | 2340 | ₹194,220 |
| S-HNI (Min) | 14 | 2,520 | ₹209,160 |
| S-HNI (Max) | 66 | 11,880 | ₹986,040 |
| B-HNI (Min) | 67 | 12,060 | ₹1,000,980 |
ApplicationRetail (Min)
Lots1
Shares180
Amount₹14,940
ApplicationRetail (Max)
Lots13
Shares2340
Amount₹194,220
ApplicationS-HNI (Min)
Lots14
Shares2,520
Amount₹209,160
ApplicationS-HNI (Max)
Lots66
Shares11,880
Amount₹986,040
ApplicationB-HNI (Min)
Lots67
Shares12,060
Amount₹1,000,980
Financial Information
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| 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 |
Period EndedPeriod Ended
31 Mar 202431 Mar 2024
31 Mar 202331 Mar 2023
31 Mar 202231 Mar 2022
Period EndedAssets
31 Mar 2024516.94
31 Mar 2023392.46
31 Mar 2022391.89
Period EndedRevenue
31 Mar 2024552.82
31 Mar 2023478.14
31 Mar 2022453.79
Period EndedProfit After Tax
31 Mar 202436.07
31 Mar 202320.72
31 Mar 202213.66
Period EndedNet Worth
31 Mar 2024173.07
31 Mar 2023110.21
31 Mar 202292.23
Period EndedReserves and Surplus
31 Mar 2024106.24
31 Mar 2023109.05
31 Mar 2022
Period EndedTotal Borrowing
31 Mar 2024243.69
31 Mar 2023223.81
31 Mar 2022240.06
Key Performance Indicator
| ROE | 20.84% |
| ROCE | 16.29% |
| Debt/Equity | 1.41 |
| RoNW | 20.84% |
| P/BV | 3.01 |
| PAT Margin (%) | 6.53 |
| EPS (Rs) | 5.4 |
ROE
20.84%
ROCE
16.29%
Debt/Equity
1.41
RoNW
20.84%
P/BV
3.01
PAT Margin (%)
6.53
EPS (Rs)
5.4
IPO Reservation
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 61,32,000 (30%) | NA |
| QIB Shares Offered | 40,88,000 (20%) | NA |
| NII (HNI) Shares Offered | 30,66,000 (15%) | |
| bNII > ₹10L | 20,44,000 (10%) | 811 |
| sNII < ₹10L | 10,22,000 (5%) | 405 |
| Retail Shares Offered | 71,54,000 (35%) | 39,744 |
| Total Shares Offered | 2,04,40,000 (100%) |
Investor CategoryAnchor Investor Shares Offered
Shares Offered61,32,000 (30%)
Maximum AllotteesNA
Investor CategoryQIB Shares Offered
Shares Offered40,88,000 (20%)
Maximum AllotteesNA
Investor CategoryNII (HNI) Shares Offered
Shares Offered30,66,000 (15%)
Maximum Allottees
Investor CategorybNII > ₹10L
Shares Offered20,44,000 (10%)
Maximum Allottees811
Investor CategorysNII < ₹10L
Shares Offered10,22,000 (5%)
Maximum Allottees405
Investor CategoryRetail Shares Offered
Shares Offered71,54,000 (35%)
Maximum Allottees39,744
Investor CategoryTotal Shares Offered
Shares Offered2,04,40,000 (100%)
Maximum Allottees
Information about company
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.
Objectives of IPO
The company intend to utilize the net proceeds of the Fresh Issue to meet the following objects:
Repayment and/or prepayment, in part or full, of certain of the outstanding borrowings availed by the Company.
Investment in the subsidiaries HPPL, STBFL and JPPL for Repayment and/or prepayment, in part or whole, of certain 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 and
General corporate purposes.
Disclaimer
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