Shree Tirupati Balajee Agro Trading Limited has officially announced its highly anticipated Initial Public Offering (IPO), which is expected to generate significant interest in the market. With a strong reputation in the industry and an established business model, the Shree Tirupati Balajee Agro Trading IPO offers investors an opportunity to be a part of a growing company in the Indian market.
Shree Tirupati Balajee Agro Trading IPO will open for subscription on September 5, 2024, and close on September 9, 2024. Company aims to raise approximately ₹169.65 crores through this IPO, including a fresh issue of ₹122.43 crores and an offer for sale of 5,690,000 equity shares with a face value of ₹10 each. IPO will be a Book Built Issue, with the price band set between ₹78 to ₹83 per share.
In this comprehensive guide, we will explore every aspect of the Shree Tirupati Balajee Agro Trading IPO, including important dates, allotment details, company performance, and market analysis.
Company Overview: Shree Tirupati Balajee Agro Trading Limited
Shree Tirupati Balajee Agro Trading Limited is one of India’s leading producers and retailers of Flexible Intermediate Bulk Containers (FIBC). Company has a long-standing presence in the industry, with over 20 years of experience. Company is known for its commitment to high-quality products and innovation, which has helped it secure a strong position in the market.
Company’s flagship product, Aeropolymesh, is a specialized fabric that is patented under its name. Company operates through several subsidiaries, including Honourable Packaging Private Limited, Shree Tirupati Balajee FIBC Limited, and Jagannath Plastics Private Limited.
IPO of Shree Tirupati Balajee Agro Trading is expected to be a milestone for the company as it aims to raise funds to fuel its future growth plans. Shree Tirupati Balajee Agro Trading IPO will provide the company with the capital it needs to expand its operations, invest in subsidiaries, and repay certain outstanding borrowings.
Financial Performance: Closer Look at Shree Tirupati Balajee Agro Trading
When evaluating an IPO, it’s essential to assess the financial performance of the company. Shree Tirupati Balajee Agro Trading Limited has shown consistent growth over the past few years, which makes the Shree Tirupati Balajee Agro Trading IPO an attractive option for investors.
Revenue Growth: In the financial year 2024, the company reported a revenue of ₹552.82 crores, up from ₹478.14 crores in 2023. Indicates a year-on-year growth of approximately 15.61%.
Profit Margins: Company’s profit for 2024 stands at ₹36.07 crores, a significant increase from ₹20.72 crores in 2023, reflecting a growth of 74.11% in profitability.
These robust financials suggest that Shree Tirupati Balajee Agro Trading has a strong foundation and the potential for long-term growth, making the Shree Tirupati Balajee Agro Trading IPO a promising investment.
Shree Tirupati Balajee Agro Trading IPO: Key Dates and Allotment Details
Investors interested in participating in the Shree Tirupati Balajee Agro Trading IPO should mark their calendars for the following important dates:
- IPO Open Date: September 5, 2024
- IPO Close Date: September 9, 2024
- Allotment Date: September 10, 2024
- Refunds Date: September 11, 2024
- Credit to Demat Account: September 11, 2024
- IPO Listing Date: September 12, 2024
Shree Tirupati Balajee Agro Trading IPO will be listed on both the BSE and NSE, giving investors easy access to trade the shares post-listing.
IPO Market Lot and Application Details
Shree Tirupati Balajee Agro Trading IPO offers investors flexibility in terms of market lot sizes. Minimum market lot for the IPO is 180 shares, amounting to an application size of ₹14,940. Retail investors can apply for up to 13 lots, totaling 2340 shares or ₹194,220.
For High Networth Individuals (HNI), the IPO has specific quotas:
- S-HNI Minimum Lot Size: 2,520 shares
- B-HNI Minimum Lot Size: 12,060 shares
These varied lot sizes make the Shree Tirupati Balajee Agro Trading IPO accessible to both small and large investors, catering to different investment strategies.
Allocation Quota: Understanding the Breakdown
Shree Tirupati Balajee Agro Trading IPO has a well-defined allocation structure:
- Retail Quota: 35%
- Qualified Institutional Buyers (QIB) Quota: 50%
- High Networth Individuals (HNI) Quota: 15%
Allocation ensures a balanced distribution of shares among different types of investors, enhancing the liquidity and marketability of the IPO.
Market Analysis: Is the Shree Tirupati Balajee Agro Trading IPO Worth It?
Market experts and analysts have expressed positive sentiments regarding the Shree Tirupati Balajee Agro Trading IPO. Company’s strong financial performance, combined with its industry leadership, makes it a compelling investment option.
Analyst Review: According to market experts, the Shree Tirupati Balajee Agro Trading IPO could offer significant returns to long-term investors. Company’s steady revenue growth, coupled with increasing profitability, indicates that it is well-positioned to capitalize on future opportunities.
Growth Potential: With the funds raised through the Shree Tirupati Balajee Agro Trading IPO, the company plans to repay certain outstanding borrowings, invest in subsidiaries, and fund general corporate purposes. These initiatives are expected to strengthen the company’s financial position and enhance its growth prospects.
How to Subscribe to the Shree Tirupati Balajee Agro Trading IPO?
If you are interested in subscribing to the Shree Tirupati Balajee Agro Trading IPO, here’s a step-by-step guide:
- Open a Demat Account: Ensure you have an active Demat account with a registered broker.
- Visit the Broker’s Platform: Log in to your broker’s platform or app to access the IPO section.
- Choose Shree Tirupati Balajee Agro Trading IPO: Select the IPO from the list of available offerings.
- Enter Bid Details: Enter the number of shares you wish to apply for and the bid price within the specified price band.
- Complete Payment: Pay the application amount using your preferred payment method.
- Submit the Application: Review your application details and submit the form.
Once the Shree Tirupati Balajee Agro Trading IPO allotment is finalized, investors will receive updates on their allotment status through the IPO registrar, Link Intime India Private Ltd.
About the IPO Registrar: Link Intime India Private Ltd
Shree Tirupati Balajee Agro Trading IPO registrar is Link Intime India Private Ltd, a well-known name in the IPO industry. As the official registrar, Link Intime will be responsible for managing the allotment process, refunds, and crediting shares to investors’ Demat accounts.
Investors can check their allotment status by visiting the official website of Link Intime India Private Ltd and entering their PAN, application number, or Demat account details.
Lead Managers for Shree Tirupati Balajee Agro Trading IPO
Shree Tirupati Balajee Agro Trading IPO is managed by PNB Investment Services Ltd and Unistone Capital Pvt Ltd. These lead managers are responsible for ensuring a smooth execution of the IPO process, including pricing, marketing, and allocation.
With a strong team of lead managers, the Shree Tirupati Balajee Agro Trading IPO is expected to receive significant attention from both retail and institutional investors.
What Makes Shree Tirupati Balajee Agro Trading Stand Out?
Shree Tirupati Balajee Agro Trading Limited has built a reputation for producing high-quality Flexible Intermediate Bulk Containers (FIBC). With over two decades of experience, the company has become a trusted name in the industry, catering to a wide range of clients across various sectors.
Company’s patented product, Aeropolymesh, is a testament to its commitment to innovation and excellence. Shree Tirupati Balajee Agro Trading IPO is seen as a step forward in expanding its market presence and enhancing its financial strength.
For more details and to apply for the IPO, investors can visit the official website or contact their financial advisors.
IPO Registrar: Link Intime India Private Ltd
Lead Managers: PNB Investment Services Ltd, Unistone Capital Pvt Ltd
For queries and more information, you can visit the official website: https://www.tirupatibalajee.net/.
