Shree Tirupati Balajee Agro Trading Company IPO
Shree Tirupati Balajee Agro Trading Company IPO — date, price band, lot size & details 2024
Shree Tirupati Balajee Agro Trading Company listed on 12 Sep 2024 at ₹90, 8.4% above the ₹83 issue price.
Shree Tirupati Balajee Agro Trading makes FIBC jumbo bags, container liners, recycled PP bags and woven sacks for construction, agriculture and other industries. Its total income was Rs 552.82 crore in FY2024.
Stock price
Shree Tirupati Balajee Agro Trading Company is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 11 November.
- Open 05 Sep 2024
- Close 09 Sep 2024
- Allotment 10 Sep 2024
- Refund/credit 11 Sep 2024
- Listing 12 Sep 2024
Issue summary
The terms of the offer, as filed.
| IPO Dates | 5 to 9 Sep, 2024 |
|---|---|
| Price Band | ₹78 – ₹83 |
| Face Value | ₹10 |
| Lot Size | 180 Shares |
| Issue Size | ₹169.65 Cr |
| Sale Type | Fresh capital cum OFS |
| Listing On | BSE, NSE |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 14,940 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 180 shares at the ₹83 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 180 | ₹14,940 |
| Retail (max) | 13 | 2,340 | ₹1,94,220 |
| S-HNI (min) | 14 | 2,520 | ₹2,09,160 |
| S-HNI (max) | 66 | 11,880 | ₹9,86,040 |
| B-HNI (min) | 67 | 12,060 | ₹10,00,980 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 5
- 01Profit after tax rose from Rs 13.66 crore in FY2022 to Rs 36.07 crore in FY2024.
- 02Total income rose from Rs 453.79 crore in FY2022 to Rs 552.82 crore in FY2024.
- 03The pre-issue P/E was 15.37 at the upper band of Rs 83, based on EPS of Rs 5.40.
- 04Rs 122.43 crore of the issue was fresh capital, much of it for repaying debt.
- 05The source puts return on net worth at 20.84%.
Risks · 5
- 01Total borrowing was Rs 243.69 crore on 31 March 2024, and the source puts debt to equity at 1.41.
- 02Polymer prices drive costs, and the source puts the PAT margin at 6.53%.
- 03Export demand for FIBC bags can swing with global industrial activity, and income grew slowly from Rs 478.14 crore in FY2023.
- 04Rs 47.23 crore of the issue was offer for sale by the promoter.
- 05The promoter held 88.38% before the issue and 65.42% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Shree Tirupati Balajee Agro Trading Company offer document.
| Metric | 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 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Shree Tirupati Balajee Agro Trading Company RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
Shree Tirupati Balajee Agro Trading Company IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Pre-Issue | Post-Issue |
|---|---|---|
| EPS (₹) | ₹5.40 | ₹4.42 |
| P/E Ratio (x) | 15.37 | 18.77 |
| Market Cap at Offer Price (₹ Cr) | ₹554.41 | ₹677.33 |
Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹83 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.
Where the money goes
₹127.85 Cr of the issue is earmarked to named objects.
About the company
It makes and supplies flexible intermediate bulk container (FIBC) jumbo bags, UN-certified bags, container liner bags, bags made from recycled PP, speciality PP woven bags and BOPP printed small bags.
Its products serve industries such as construction, agriculture and others. It works through subsidiaries including HPPL, STBFL and JPPL. Its promoter is Binod Kumar Agarwal.
The IPO was Rs 169.65 crore, with Rs 122.43 crore of fresh issue and Rs 47.23 crore of offer for sale by the promoter. Fresh money was planned for repaying borrowings of the company and its subsidiaries and for working capital.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Shree Tirupati Balajee Agro Trading Company IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Unistone Capital
17 issues handled (15 mainboard, 2 SME)Best listing: Sigachi Industries (+249.7%). Weakest: Fabtech Technologies (0.0%).
Pnb Investment Services Ltd
3 issues handledBest listing: Pranav Constructions (+33.1%). Weakest: Aastha Spintex (-4.4%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Shree Tirupati Balajee Agro Trading Company?
The current Grey Market Premium is ₹40, or 48% over the issue price.
What is the Shree Tirupati Balajee Agro Trading Company IPO price band?
₹78 to ₹83, on a face value of ₹10.
When is the allotment?
The basis of allotment is 10 September 2024, with listing on 12 September 2024.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — MUFG Intime India Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
