Shree Tirupati Balajee Agro Trading Company Limited IPO GMP, Details, Business, Review, Revenue: Big news is coming for lakhs of investors across the country. Big IPOs are continuously getting listed in the share market. Another opportunity to invest in the market is emerging. Let us tell you that Shree Tirupati Balajee Agro Trading Company Limited, which is doing good work in the field of agriculture, has brought its IPO.
Shree Tirupati Balajee Agro Trading Company Limited IPO is also getting positive signals from the gray market. This IPO is going to open for subscription on 5th September. Shree Tirupati Balajee Agro Trading Company Limited wants to raise Rs 169.65 crore through public issue.
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Shree Tirupati Balajee Agro Trading Company Limited IPO Important Dates
If we talk about important dates, investors will have the opportunity to invest in Shree Tirupati Balajee Agro Trading Company Limited IPO till September 9. This IPO will open for one day on September 4 for anchor investors. The company has fixed the price band for its IPO at Rs 78-83 per share.
Shree Tirupati Balajee Agro IPO Details
According to the information released by the company, 1.47 crore fresh equity shares worth Rs 122.43 crore will be issued under the IPO of Shri Tirupati Balaji Agro Trading Company. Along with this, 56.90 lakh equity shares worth Rs 47.23 crore will be sold through Offer for Sale (OFS).
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Talking about OFS of Shree Tirupati Balajee Agro Trading Company Limited IPO shares will be sold by promoter Binod Kumar Aggarwal as part of OFS. Agarwal holds 88.38 per cent stake in the company, and the remaining 11.62 per cent is held by public shareholders.
Half of the public issue has been reserved for qualified institutional buyers (QIBs), 35 per cent for retail investors and the remaining 15 per cent for non-institutional investors. Investors can bid for a minimum of 180 equity shares and in multiples of 180 shares thereafter.
PNB Investment Services and Unistone Capital are the book running lead managers to the issue, while Link Intime India is acting as the registrar to the offer.
According to media reports, Shree Tirupati Balajee will use Rs 52.27 crore from the IPO proceeds to repay its debt. If we look at the financial position of the company, its total debt on consolidated basis till May 2024 was Rs 245.33 crore.
Additionally, Rs 13.5 crore will be used for incremental working capital needs and Rs 10.74 crore will be used for working capital needs of subsidiary companies. Furthermore, the company will spend the remaining funds for general corporate purposes.
Shree Tirupati Balajee Agro Trading Company Limited IPO GMP Review
Talking about the grey market premium of Shree Tirupati Balajee Agro Trading Company Limited IPO, the IPO of Shree Tirupati Balajee Agro Trading Company is trading at a premium of Rs 16 in the unlisted market on September 3.
Accordingly, the company’s shares are likely to be listed at a price of Rs 99. If this happens, investors will make a profit of 19 percent on the listing. The previous GMP of this IPO was Rs 8. Keep in mind that the situation in the gray market is constantly changing.
Shree Tirupati Balajee Agro Trading Company Limited Business
According to the official website, Shree Tirupati Balajee Agro Trading Company Limited is one of the manufacturers and suppliers of FIBC in the Indian domestic market and one of the fastest growing exporters.
Shree Tirupati Balajee Agro Trading Company is the preeminent destination for world-class FIBC (flexible intermediate bulk container) products and solutions customized to the bulk packaging requirements of a wide range of discerning global customers. Established in the year 2001, STB group of companies with a strong vision to be the pioneer of bulk packaging manufactured in India.
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The company has a fully integrated facility and is operating from 3 locations all within two miles of each other. We are certified with ISO 9001:2015,ISO 22000-2018, BIS and our food grade facility is certified for ISO 9001:2015, ISO14001:2015, ISO45001:2018, ISO 22000:2018 ,BRCGS, Sedex Smeta and all products are manufactured from approved materials that have passed rigid testing and inspection routines as well as meeting high quality and contamination conscience standard of the International Food Grade Industry requirements.
Shree Tirupati Balajee Agro Registered office
PLOT NO-192, SECTOR-1, PITHAMPUR, DHAR, Madhya Pradesh, India
Shree Tirupati Balajee Agro Corporate office
E-34 Ravi Shankar Nagar HIG Indore – 452008 (M.P.) India
Shree Tirupati Balajee Agro Trading Company Limited Revenue
Before investing in Shree Tirupati Balajee Agro Trading Company Limited IPO you must know about the financial health of the company.
If we look at the financial position of the company, Shree Tirupati Balaji Agro recorded a net profit of Rs 36.1 crore in FY 2024, which is 74.1 percent more than the previous financial year. Other expenses of the company also declined from Rs 85.3 crore to Rs 70.34 crore during the period.
The company’s revenue increased by 13.5 percent to Rs 539.7 crore in FY24, compared to Rs 475.4 crore in the previous FY23. The company’s EBITDA grew 29 per cent to Rs 61.9 crore for the year ending March 2024, while margins expanded 137 bps to 11.47 per cent.
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