Issue Price
₹ 78-₹ 83
per equity share
Issue Size
1.43 crores
equity share
Face Value
₹ 10
per equity share
Market Lot
180
equity share
Please note
Listing at BSE ,NSE
SHREE TIRUPATI BALAJEE AGRO TRADING COMPANY LIMITED
Important Dates
IPO Open Date
05 Sep 2024
IPO Close Date
09 Sep 2024
Allotment Date
10 Sep 2024
Initiation of Refunds
11 Sep 2024
Credit of Shares to Demat Account
11 Sep 2024
IPO Listing Date
12 Sep 2024
UPI Mandate Expiry Date
09 Sep 2024
IPO Details
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.
Seize the deal, apply for IPO today!
Apply for IPOAbout SHREE TIRUPATI BALAJEE AGRO TRADING COMPANY LIMITED
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.
Parent Organisation
-
Founded
2001
Managing Director
Binod Kumar Agarwal
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.
How to apply for IPO
- Login to your Bigul account and select the issue in the current IPO section
- Enter the number of lots and price at which you wish to apply for
- Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
- You will receive a mandate notification to block funds in your UPI app
- Approve the mandate request on your UPI and funds will be blocked
Open a Demat Account Now
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PAN Card | Aadhaar Card | Bank Account Number
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