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Open
5 Sep 2024
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Close
9 Sep 2024
3
Allotment
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Listing
Thu, Sep 12, 2024
Price Band
₹78 to ₹83
Issue Size
2,04,40,000 shares (agg. up to ₹170 Cr)
Lot Size
180 Shares
Listing Date
Thu, Sep 12, 2024
Latest GMP
₹27
Est. Gain
32.53%
✦ AI Insight
GMP Trend
12-09-2024₹27Est. ₹110+32.53%
11-09-2024₹27Est. ₹110+32.53%
10-09-2024₹28Est. ₹111+33.73%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 86.70x |
Restated Financials (₹ Cr.)
| 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 |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Ideal Technoplast Industries Ltd. | SME | ₹16.03 Cr | ₹121 | 12.47 | ₹138.70 | +14.63% | ₹170.00 (+3.03%) |
| Bulkcorp International Ltd. | SME | ₹20.78 Cr | ₹105 | 16.33 | ₹136.50 | +30.00% | ₹56.20 (+2.18%) |
| Sati Poly Plast Ltd. | SME | ₹17.36 Cr | ₹130 | 14.29 | ₹259.35 | +99.50% | ₹37.30 (+2.19%) |
| GSM Foils Ltd. | SME | ₹11.01 Cr | ₹32 | 20.98 | ₹33.60 | +5.00% | ₹263.45 (+1.15%) |
| Purv Flexipack Ltd. | SME | ₹40.21 Cr | ₹71 | 13.17 | ₹247.00 | +247.89% | ₹48.80 (+1.67%) |
| Kahan Packaging Ltd. | SME | ₹5.76 Cr | ₹80 | 7.74 | ₹159.60 | +99.50% | ₹82.84 (+8.08%) |
Objects of the Issue
| # | 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 |
About Shree Tirupati Balajee Agro IPO
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 departmen
Contact Details
Shree Tirupati Balajee Agro Trading Co.Ltd. AddressPlot No.192, Sector 1PithampurDhar, Madhya Pradesh, 454775+917314217400info@tirupatibalajee.netVisit Website