Shree Tirupati Balajee IPO GMP Today, Shree Tirupati Balajee IPO Grey Market Premium Updates | Shree Tirupati Balajee IPO, Latest target, Opening gain
Shree Tirupati Balajee IPO began on 05 September 2024. It will close on 09 September 2024. The Total IPO Size is ₹169.65 Crore Approx. The company set its IPO price is ₹78 to ₹83 per share Per Share. There are three basic categories in Shree Tirupati Balajee IPO Subscription:- 1) Qualified Institutional Buyers. 2) Non-Institutional Investors. 3) Retail.
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 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).
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.
As of July 2024, the company has 857 department employees.
Shree Tirupati Balajee IPO Details:
| Issuer | Shree Tirupati Balajee IPO | |
| Issue Type | Book Built Issue IPO | |
| Issue Period | Issue Opens: 05 September, 2024 | |
| Issue Closes: 09 September, 2024 | ||
| Price Brand | ₹78 to ₹83 per share | |
| Issue Size | ₹169.65 Cr | |
| Face Value | ₹10 per share | |
| Market Lot | 180 Shares | |
| Retail (Max) | ₹1.94,220 | |
| QIB | 50% | |
| HNI | 15% | |
| Retail Individual Bidders | 35% | |
| Listing at | NSE & BSE | |
| ✔️ Apply With | ANGEL Free DEMAT Account | |
| Total Shares | 20,440,000 shares | |
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Shree Tirupati Balajee IPO GMP Rates day by day
Shree Tirupati Balajee IPO Market Lot:
| 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 | 1,000,980 |
Shree Tirupati Balajee IPO Date, Allotment & Listing:
| Shree Tirupati Balajee IPO Opening Date: | September 05, 2024 |
| Shree Tirupati Balajee IPO Closing Date: | September 09, 2024 |
| Basis of Allotment: | September 10, 2024 |
| Initiation of Refunds: | September 11, 2024 |
| Credit to Demat Account: | September 11, 2024 |
| Listing Date: | September 12, 2024 |
Shree Tirupati Balajee Limited Financial Information (Restated)
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 | ||||||||||||||||||||||||||||||
Key Performance Indicator
The market capitalization of Shree Tirupati Balajee IPO is Rs 677.04 Cr.
KPI as of March 31, 2024.
| KPI | Values |
|---|---|
| ROE | 20.84% |
| ROCE | 16.29% |
| Debt/Equity | 1.41 |
| RoNW | 20.84% |
| P/BV | 3.01 |
| PAT Margin (%) | 6.53 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 5.4 | 4.42 |
| P/E (x) | 15.37 | 18.77 |
Objects of the Issue (Shree Tirupati Balajee IPO Objectives)
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.
Shree Tirupati Balajee IPO ALLOTMENT STATUS
How to Apply for Shree Tirupati Balajee IPO?
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How to Apply Shree Tirupati Balajee IPO through Zerodha?
Log in to the Console in the Zerodha Website or Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Shree Tirupati Balajee“. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open a Demat Account with Zerodha.
How to Apply Shree Tirupati Balajee IPO through Upstox?
Log in to the Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Shree Tirupati Balajee“. Click on the Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve – the mandate. Open a Demat Account with Upstox.
In case you have not been allotted or for any partial allotment of IPO shares, the blocked amount, if any, will be unblocked/released on or before the UPI mandate expiry date. Please reach out to your bank in case funds are not unblocked/released after the mandate expiry date.
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IPO ALLOTMENT TIPS & TRICKS
Frequently Asked Questions
Shree Tirupati Balajee IPO is a main-board initial public offering of 20,440,000 Equity shares of the face value of ₹10 aggregating up to ₹169.65 Crores. The issue price of the IPO is ₹78 to ₹83 Per Equity Share. The minimum order quantity is 180 Shares per application and the offer type is Book Built Issue. The IPO opens on September 05, 2024 and closes on September 09, 2024. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Shree Tirupati Balajee IPO opens on September 05, 2024 and closes on September 09, 2024.
You can apply in Shree Tirupati Balajee IPO online using either UPI or ASBA as payment method. Pnb Investment Services Ltd and Unistone Capital Pvt Ltd are the book running lead managers of the Shree Tirupati Balajee IPO, while Link Intime India Private Ltd is the registrar for the issue
The finalization of Basis of Allotment for Shree Tirupati Balajee IPO will be done on September 10, 2024, and the allotted shares will be credited to your demat account by September 11, 2024.
Check the Shree Tirupati Balajee IPO allotment status.
The Shree Tirupati Balajee IPO listing date is not yet announced. The tentative date of Shree Tirupati Balajee IPO listing is September 12, 2024.
Shree Tirupati Balajee lot size is 180 Shares and the minimum order quantity is 1 Shares.