Shree Tirupati balajee agro Trading Co IPO

Shree Tirupati balajee agro Trading Co IPO

Shree Tirupati Balajee Agro Trading Co. Ltd

₹14,940 / 180 shares

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Shree Tirupati balajee agro Trading Co IPO Details

RHP/DRHP

Issue Date

--

Price Range

₹78 - ₹83

Lot Size

180

IPO Size

₹169.65 Cr

Shree Tirupati balajee agro Trading Co IPO Listing Details

Listing On

12 Sep'24

Issue Price

₹83

Listed Price

₹ 90

Retail Gain/Listing Gain

▲8.43%

Schedule of Shree Tirupati balajee agro Trading Co IPO

Start date

End date

Allotment of bids

Refund Initiation

Listing on exchange

12/09/2024

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.

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

  • 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.

  • 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

  • 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

  • Focus on the manufacturing of FIBC, while consistently enhancing their capabilities to meet the rising demand in developed and developing nations.

  • Enhance their revenue growth through optimum utilisation of their capacity

  • Develop a new product line in line with competitors’ products or those recommended by the R&D team.

Here are the key financials for Shree Tirupati Balajee Agro Trading Company Limited:

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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 Neo 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 IPO FAQs

The Shree Tirupati balajee agro Trading Co IPO opens for subscription from [-] to [-], with a total issue size of ₹169.65 Cr. The IPO price band is ₹78 to ₹83 per share with a lot size of 180. The company aims to list the shares on BSE & NSE on 12-09-2024.

The Shree Tirupati balajee agro Trading Co IPO will open for subscription on [-] and will close on [-] for investors.

The minimum lot size for the Shree Tirupati balajee agro Trading Co IPO is 180 equity shares, requiring a minimum investment of ₹14940 for retail investors applying in the IPO.

The price band of the Shree Tirupati balajee agro Trading Co IPO has been fixed at ₹78 to ₹83 per equity share.

You can apply for the Shree Tirupati balajee agro Trading Co IPO online through the Kotak Neo Website or the Kotak Neo App using UPI or ASBA during the IPO subscription period.

Shree Tirupati balajee agro Trading Co IPO allotment will take place on [-].

You can check the Shree Tirupati balajee agro Trading Co IPO allotment status online on the registrar’s website or on the NSE and BSE IPO allotment pages using your application number, PAN, or demat account details.

Shree Tirupati balajee agro Trading Co shares will list on the stock exchanges on 12-09-2024.

You can find detailed information about the Shree Tirupati balajee agro Trading Co IPO, including its business operations, financial performance, risk factors, and IPO objectives, in the Draft or Red Herring Prospectus (RHP).

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.

Link Intime India Private Limited is the registrar for this IPO.

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.

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