SHREE TIRUPATI BALAJEE AGRO TRADING COMPANY LIMITED

05 Sep 2024 - 09 Sep 2024 Individual Category Main Board BSE NSE

Min Investment

₹14940

Price Band

₹78-₹83

Issue Size

143.08 lakhs
Equity Shares

Lot Size

180 (per lot)

IPO Dates
img

05 Sep 2024

Open Date

img

09 Sep 2024

Close Date

img

10 Sep 2024

Allotment Date

img

12 Sep 2024

Listing Date

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.

Know Before Investing

Strengths icon

Weaknesses icon

About 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.

Founded

2001

Managing Director

Binod Kumar Agarwal

Parent Organization

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.

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0
img

How to Apply for IPO

img img

Login

Login to your Bigul Account

Select Lots & Price

Choose the number of lots and price

UPI ID

Enter your UPI ID

UPI Mandate Request

A UPI Mandate Request Triggered

Approve Mandate

Approve the UPI Mandate Request

IPO Allotment

YES Share will be credited. and the amount will be debited

Close

Let's Open Free Demat Account