IPO Details
RHP/DRHPIssue Date
05 Sep - 9 Sep'24
Investment/lot
₹ 14940
Price Range
78 - 83
Lot Size
180
IPO Size
₹ 169.65 Cr
IPO Listing Details
Listing On
12 Sep'24
Issue Price
83
Listed Price
₹ 90
Retail Gain/Listing Gain
â–²8.43%
IPO Timeline
Shree Tirupati balajee agro Trading Company Background
Shree Tirupati Balajee Agro Trading Company is engaged in the business of manufacturing and selling Flexible Intermediate Bulk Containers (FIBCs) i.e. large flexible bags and other industrial packaging products such as woven sacks, woven fabric and narrow fabric, and tapes in the domestic and overseas market.
They offer an alternative for packaging and transportation, streamlining the loading and unloading processes of vessels, containers, or trucks, thereby reducing labour requirements.
Click here to know more about Shree Tirupati Balajee Agro Trading Co Share Price and stay updated on the latest market trends.
Shree Tirupati balajee agro Trading Competitive Strengths
Diverse customer base
The company’s product portfolio comprises of industrial and consumer packaging solutions, lifestyle products, automotive components, healthcare products and construction related products etc.
Due to their diverse range, the company’s products are used in the food & beverage industry, chemicals, pharmaceuticals, construction, metals & mining, among others. It also allows their customers to source most of their product requirement from a single vendor
Multi-market Company
The company has a domestic as well as a global market. In the domestic market, they supply products on PAN India basis. Their products are also exported to 38 different countries across six continents, with major export destinations including USA, Germany, Australia, UK, Singapore, Canada, France, New Zealand, Chile, Sweden, Switzerland, Spain and Malaysia.
Quality Standard Certifications & Quality Tests
Their products consistently meet global standards. They have ISO 9001:2015 and ISO 22000:2018 from International Certification Services Private Limited and Staunchly Management and System Services Limited for two of their manufacturing facilities. Another unit holds ISO 9001:2015, ISO 14001:2015, ISO 45001:2018, ISO 22000:2018, and SEDEX SMETA four-pillar certifications.
Risk Factors
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All of their manufacturing facilities are situated at Pithampur, Madhya Pradesh resulting in concentration in a single region. Any interruption for a significant period of time, in these facilities may hurt their business.
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There is an increased awareness towards controlling pollution and many economies including India have taken efforts to ban plastic products. In case any plastic packaging products manufactured by the company are banned in India or in any of the markets where they export their products, it could hurt the business
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The company has incurred negative cash flows from its operating, investing and financing activities in recent years. Sustained negative cash flow could impact their growth and business.
Key Strategies
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Focus on the manufacturing of FIBC, while consistently enhancing their capabilities to meet the rising demand in developed and developing nations.
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Enhance their revenue growth through optimum utilisation of their capacity
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Develop a new product line in line with competitors’ products or those recommended by the R&D team.
Shree Tirupati balajee agro Trading Key Financials
Here are the key financials for Shree Tirupati Balajee Agro Trading Company Limited:
Particulars (in Rs. million)
Particulars (in Rs. million)
How to apply for IPO through ASBA
Kotak Securities
•04m 01s
How to apply for an IPO using UPI
Kotak Securities
•01m 19s
Opening of account will not guarantee allotment of shares in IPO. Investors are requested to do their own due diligence before investing in any IPO.
How To Apply for Shree Tirupati Balajee Agro Trading Co. Ltd IPO?
Here are the steps to apply for Shree Tirupati Balajee Agro Trading Co. Ltd IPO:
Step 1: Log in to your Kotak Securities Demat account Log in to your Demat account to access IPO investments. Next, select the current IPO section.
Step 2: Specify IPO details Enter the number of lots and the price you wish to apply for.
Step 3: Enter UPI ID After entering your UPI ID, click submit. This will place your bid with the exchange.
Step 4: Mandate Notification Your UPI app will receive a mandate notification to block funds.
Step 5: Approve Request Your funds will be blocked once you approve the mandate request on your UPI.
Shree Tirupati balajee agro Trading Co Ltd IPO FAQs
When is Shree Tirupati balajee agro Trading Co Ltd IPO listing date?
Shree Tirupati balajee agro Trading Co Ltd IPO will list on 2024-09-12.
What is the issue size of Shree Tirupati balajee agro Trading Co Ltd IPO?
169.65 is the issue size of Shree Tirupati balajee agro Trading Co Ltd IPO.
What is the minimum lot size required for Shree Tirupati balajee agro Trading Co Ltd IPO?
The minimum lot size is 180 shares and the investment required is ₹14940.
What is the price band of the Shree Tirupati balajee agro Trading Co Ltd IPO?
The price band of Shree Tirupati balajee agro Trading Co Ltd IPO is ₹78 to ₹83.
Where can I read more about Shree Tirupati balajee agro Trading Co Ltd business?
You can read more about Shree Tirupati balajee agro Trading Co Ltd and its IPO from the company’s red herring prospectus (RHP) here.
What is the Shree Tirupati Balajee Agro Trading Company Limited IPO?
The Shree Tirupati Balajee Trading Company Limited IPO has an issue size of ₹169.65 crores. The IPO opens for subscription on 05/09/2024 and closes on 09/09/2024.
Who is the Registrar for Shree Tirupati Balajee Agro Trading Company Limited IPO?
Link Intime India Private Limited is the registrar for this IPO.
