Shree Tirupati Balajee IPO: Key Insights of Upcoming IPO

• Shree Tirupati Balajee IPO is a book-built issue of Rs 169.65 crores.
• This upcoming IPO bidding opens on September 5 and closes on September 9, 2024.
• Shree Tirupati Balajee's IPO price is set at Rs 78 – Rs 83 per share.
• The minimum investment amount required for retail investors is Rs 14,940.

Shree Tirupati Balajee IPO: Synopsis

Shree Tirupati Balajee is open for subscription from Thursday, September 5, 2024, and closing on Monday, September 9, 2024. The price band for this IPO is set to Rs 78 – Rs 83 per share.

The company is offering a fresh issue of 1.47 crore equity shares amounting up to Rs 122.43 crore and an offer for sale of 0.56 crore equity shares amounting up to Rs 47.23 crore; this aggregates to a total size of 2.04 crore equity shares amounting up to Rs 169.65 crore.

The allotment for this new IPO is expected to be finalised on Tuesday, September 10, 2024. This IPO will be listed on the NSE and BSE exchanges on Thursday, September 12, 2024.

The IPO is managed by Pnb Investment Services Limited and Unistone Capital Private Limited, which is book running as the lead manager of this IPO. The company has appointed Link Intime India Private Limited as the registrar for the issue.

Checkout the Video to Know the Interesting Facts of Shree Tirupati Balajee IPO

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Shree Tirupati Balajee Agro Trading Company Limited: About the Company

Shree Tirupati Balajee Agro Trading Company Limited was originally incorporated in October 2001. The company manufactures Flexible Intermediate Bulk Containers and related products like woven sacks, fabrics, and tapes. It serves an assortment of industries such as chemicals, food, agriculture, and mining through the provision of customised packaging solutions for both the domestic and international markets.

Five manufacturing units, out of which Units I and II are ISO 9001:2015 and ISO 14001:2018 accredited. Unit III has other accreditations, like ISO 45001:2018, among others. Subsidiaries such as Honourable Packaging Private Limited, Shree Tirupati Balajee FIBC Limited, and Jagannath Plastics Private Limited through which it maintains a strong presence in the packaging market. Employing 857 persons as at July 2024.

Shree Tirupati Balajee IPO: Objectives

The funding from the fresh issue will be utilised for several purposes, that is, the repayment and/or prepayment, in part or in full, of certain outstanding borrowings availed by the company and investment in the subsidiaries HPPL, STBFL, and JPPL for the repayment and/or prepayment, in part or in whole, of certain outstanding borrowings. Furthermore, the funds will be used to meet the company's incremental working capital requirements, as well as to invest in the subsidiaries HPPL, STBFL, and JPPL for their working capital needs. A portion of the proceeds will also be allocated for general corporate purposes.

Shree Tirupati Balajee IPO: Other Important Details

Time-Table of Shree Tirupati Balajee IPO

Shree Tirupati Balajee Agro Trading Company Ltd Financial Metrics (Amt in Rs Crore)

Minimum Investment: Lot Size Details

Promoters of Shree Tirupati Balajee Agro Trading Company Limited and Their Holdings

Binod Kumar Agarwal is the promoter(s) of the company. He owns 88.38% of the company's shares. However, post-IPO, the change in his shareholding has not yet been disclosed.

FAQs

1. What are the core details available for Shree Tirupati Balajee’s IPO?

Shree Tirupati Balajee IPO is a book-built issue of Rs 169.65 crore. This upcoming IPO offers a fresh issue of 1.47 crore equity shares and an offer for sale of 0.56 crore equity shares. The allotment for this new IPO is expected to be finalised on Tuesday, September 10, 2024.

2. How can I apply for the Shree Tirupati Balajee IPO?

The public subscription of this new IPO opens on Thursday, September 5, 2024 and closes on Monday, September 9, 2024. Click here to initiate the application process.

3. Who are the lead managers for the Shree Tirupati Balajee IPO?

Pnb Investment Services Limited and Unistone Capital Private Limited were appointed as the book-running lead managers for this IPO.

4. Who is appointed as the registrar for this IPO?

Link Intime India Private Limited has been appointed as the registrar for this public issue.

5. How will the net proceeds from the IPO be utilised?

The funding from the fresh issue will be utilised for several purposes that is, the repayment and/or prepayment, in part or in full, of certain outstanding borrowings availed by the Company, and investment in the subsidiaries HPPL, STBFL, and JPPL for the repayment and/or prepayment, in part or in whole, of certain outstanding borrowings. Furthermore, the funds will be used to meet the Company’s incremental working capital requirements, as well as to invest in the subsidiaries HPPL, STBFL, and JPPL for their working capital needs. A portion of the proceeds will also be allocated for general corporate purposes.

6. How can I check the allotment status of the IPO?

Investors who applied for IPO can check the allotment status of Shree Tirupati Balajee Limited by visiting here, for further updates, follow Bigul.

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