Key details about the Shree Tirupati Balajee Agro Trading IPO, including dates, pricing, and allotment information
Shree Tirupati Balajee Agro Trading has published that its IPO is going to be open on 5th September and will end on 9th September. It specializes in trading and distribution of agricultural products and commodities. It aims to gather INR 169.65 crores via an IPO that consists of a fresh issue of INR 122.43 crores and offer for sale up to 5,690,000 equity shares with a price band range of INR 78 to INR 83 per share.
Table of Contents
- Company Overview
- Company Strategy
- Details on IPO Date and Price Band
- IPO Objective
- Market Lot Information on Shree Tirupati Balajee Agro Trading IPO
- Allotment Dates for Shree Tirupati Balajee Agro Trading IPO
- Application Process of IPO
- Financial Analysis of Company
- IPO Valuation
- Competitor Analysis
- Registrar for Shree Tirupati Balajee Agro Trading IPO
- Offer Lead Manager
- Company Address
Company Overview
Shree Tirupati Balajee Agro Trading is a company that deals with the buying and selling of agricultural produce and other related merchandise. The company procures various agro-products, such as grains, pulses, spices, and oil seeds, directly from the farmers or its identified suppliers. Ensuring its loyalty to the farmers and the agrarian sector, Shree Tirupati Balajee Agro Trading adheres to the principles of fair trade. The firm employs smooth logistics, thus delivering products on time and meeting the domestic and international market requirements, besides being able to offer good prices in addition to satisfying the needs of the customers.
Company Strategy
The corporate and business strategy of Shree Tirupati Balajee Agro Trading is to develop a chain of supply and supply logistics to deliver the agri-products timely and accurate. This objective shows that the company is aggressively seeking to build a good rapport with farmers and suppliers to obtain good quality commodities at reasonable prices. The strategy is focused on sustainability and eco-friendliness, as well as fair-trade policies to benefit the agricultural sector. Further, Shree Tirupati Balajee Agro Trading has provided its mission to increase its market share and customer base by improving the distribution channel and delivering quality products.
Details on IPO Date and Price Band
| IPO Open Date: | September 5, 2024 |
| IPO Close Date: | September 9, 2024 |
| Face Value: | INR 10 Per Equity Share |
| IPO Price Band: | INR 78 to INR 83 Per Share |
| Issue Size: | Approx INR 169.65 Crores |
| Fresh Issue: | Approx INR 122.43 Crores |
| Offer for Sale: | Approx 5,690,000 Equity Shares |
| Issue Type: | Book Built Issue |
| IPO Listing: | BSE & NSE |
| Retail Quota: | 35% |
| QIB Quota: | 50% |
| NII Quota: | 15% |
IPO Objective:
The IPO for the Shree Tirupati Balajee Agro Trading calls for the repayment of its borrowings to enhance financial stability. It also aims to support borrowings of investments in subsidiaries and working capital to finance the company’s incremental working capital requirement and for other general corporate purposes necessary for efficient day-to-day operations and to support the company’s growth and expansion plans.
Market Lot Information on Shree Tirupati Balajee Agro Trading IPO
The lot size and corresponding amounts are as follows:
- Retail Minimum: 1 lot (180 shares) for INR 14,940
- Retail Maximum: 13 lots (2,340 shares) for INR 194,220
- S-HNI Minimum: 14 lots (2,520 shares) for INR 209,160
- B-HNI Minimum: 67 lots (12,060) for INR 1,000,980
Allotment Dates for Shree Tirupati Balajee Agro Trading IPO
Shree Tirupati Balajee Agro Trading IPO open date is September 5 and the IPO close date is September 9. The IPO allotment date is September 10 and the listing date is September 12.
| IPO Open Date: | September 5, 2024 |
| IPO Close Date: | September 9, 2024 |
| Basis of Allotment: | September 10, 2024 |
| Refunds: | September 11, 2024 |
| Credit to Demat Account: | September 11, 2024 |
| IPO Listing Date: | September 12, 2024 |
Application Process of IPO
The IPO can be accessed by submitting an application through the online ASBA (Application Supported by Blocked Amount) facility from the bank through ‘Internet banking’, going to ‘Invest’, and applying for the Shree Tirupati Balajee Agro Trading. On the other hand, the IPO forms are also available for download on the BSE & NSE websites, which the candidates can fill out and submit.
Financial Analysis of the Company
Financials in INR Crores.
| Year | Revenue | Expense | Profit After Tax | Assets |
| 2022 | 453.79 | 436.45 | 13.66 | 391.89 |
| 2023 | 478.14 | 451.03 | 20.72 | 392.46 |
| 2024 | 552.82 | 505.38 | 36.07 | 516.94 |
Shree Tirupati Balajee Agro Trading has shown robust financial performance with growing revenues and profits. In 2022, the company achieved revenue of INR 453.79 crores and a profit after tax of INR 13.66 crores. By 2024, revenue increased to INR 552.82 crores, and profit after tax surged to INR 36.07 crores, reflecting improved operational efficiency. Expenses rose from INR 436.45 crores in 2022 to INR 505.38 crores in 2024, while assets expanded significantly from INR 391.89 crores to INR 516.94 crores, indicating strong business growth and financial health.
IPO Valuation (FY 2024)
The company’s EPS stands at a value of INR 5.74 with a Return on Net Worth (RoNW) of 20.84% and a Net Asset Value (NAV) per share of INR 27.54 in the financial year 2024. The IPO price band ranges from INR 78 to INR 83 per share to raise INR 169.65 crores via IPO that consists of fresh issue of INR 122.43 crores and offer for sale up to 5,690,000 equity shares to repay borrowings, invest in subsidiaries for their financial needs, meet incremental working capital requirements, and fund general corporate purposes to support growth and stability.
| Earnings Per Share (EPS): | INR 5.74 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 20.84% |
| Net Asset Value (NAV): | INR 27.54 |
Competitor Analysis
Here is the competitor of Shree Tirupati Balajee Agro Trading:
Commercial Syn Bags Ltd
Commercial Syn Bags Ltd specializes in manufacturing woven polypropylene and polyethylene bags for use in different commercial sectors such as agriculture, chemical industries, and construction industries among others. This company focuses particularly on the formation of high-quality packages with high endurance, which can be a pride of any company in the international markets. By specializing in the commercial synthesis of bags, Commercial Syn Bags Ltd uses improved technology and production techniques to produce high-quality bags. The objectives of the company involve customer satisfaction, pricing policy, and market coverage as well as its efforts to improve its operations and growth strategies.
Emmbi Industries Limited
Emmbi Industries Limited is a leading manufacturer of industrial and agricultural packaging products, offering woven and laminated polypropylene and polyethylene products. This company offers goods such as bulk bags, tarpaulins, and agricultural films to industries in the agricultural, construction, and logistics industries. Emmbi Industries has an objective of innovation, social responsibility, and reliability that involves the manufacturing of products with the help of modern technology. As the company always focuses on customer service and operation management, the main idea is to expand its position in the market and develop the industry through innovation and an effective growth pathway.
Rishi Techtex Limited
Rishi Techtex Limited is specialized in the production of technical textiles, including woven and non-woven fabric products. This company focuses on developing various such as industrial fabrics, personal protective apparel, and agricultural covers for multipurpose use in automotive, construction, and agricultural industries. Rishi Techtex has a vision, mission, and goals, which include innovation, value, and sustainability working with state-of-the-art technology and streamlined production techniques in the creation of high-quality textile products. Ensuring operations are in line with the industry and customer demands, the company seeks to achieve business growth and enhance its markets.
Shree Tirupati Balajee Agro Trading IPO Registrar
Link Intime India Private Ltd
Email: shreetirupatibalajee.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
Offer Lead Manager
PNB Investment Services Ltd
PNB Investment Services Ltd. is one of the financial services companies that offers investment and wealth management services such as financial planning, portfolio management, and investment consulting to private and institutional clients. By using PNB Investment Services’ abilities and its knowledge of the market, the company offers services to reach customers’ objectives. Having chosen transparent, non-corruptive, and customer-oriented policies, the company’s goal is to increase customer value through effective investment solutions and necessary financial services to reach stable long-term financial growth.
Unistone Capital Pvt Ltd
Unistone Capital Pvt. Ltd. is an investment banking private equity financial service firm of investment banking private equity wealth management. Some of the services provided by the company include mergers and acquisition advisory services, capital management solutions, and corporate and individual financial planning solutions. Thus, the main goals of Unistone Capital are to concentrate on achieving clients’ objectives, sharing industry experience, and offering tailored services to create value for clients.
Conclusion
Shree Tirupati Balajee Agro Trading IPO offers a promising opportunity for investors, with the company aiming to raise INR 169.65 crores. The IPO, open from September 5 to September 9, 2024, features a price band of INR 78 to INR 83 per share. With a strong focus on expanding its agricultural trading operations and improving financial stability, this IPO is positioned to support the company’s growth. Investors should consider the company’s financial performance and market position when evaluating this investment opportunity.
