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Shree Tirupati Balajee Agro Trading Company Limited IPO

Shree Tirupati Balajee Agro Trading Company Limited IPO

IPO Date :
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Listing Date :
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Listed Price: ₹ 90.00 (+8.43%)

Shree Tirupati Balajee Agro Trading Company Limited's successfully completed its Initial Public Offering and commenced trading on 12-09-2024 at the NSE, BSE exchange. The company raised 2,04,40,000 Shares through this public offering, comprising 1,47,50,000 Shares in fresh capital and ₹47.23 Cr through the Offer for Sale mechanism.

The IPO was priced within the band of ₹78 to ₹83, with minimum application lots of 180 shares. The offering attracted significant investor interest during its subscription period from 05-09-2024 to 09-09-2024.

Share allotment was finalized on 10-09-2024, distributing equity to successful applicants. The stock's subsequent listing marked a significant milestone in the company's corporate history, providing public market liquidity to shareholders.

Shree Tirupati IPO Details
Lot(s) Distribution

Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.

IPO Reservation
Shree Tirupati IPO Key Performance Indicator
Company Financials ( In Crores )

Shree Tirupati IPO About Company

Shree Tirupati Balajee Agro Trading Company Limited, established in October 2001, is a leading manufacturer and supplier of Flexible Intermediate Bulk Containers (FIBCs) and a wide range of industrial packaging products, including woven sacks, woven fabric, narrow fabric, and tapes. Serving industries such as chemicals, agrochemicals, food, mining, waste disposal, agriculture, lubricants, and edible oil, the company provides customized bulk packaging solutions to meet varied operational requirements. Its operations span five manufacturing units managed through subsidiaries—Honourable Packaging Private Limited (HPPL), Shree Tirupati Balajee FIBC Limited (STBFL), and Jagannath Plastics Private Limited (JPPL). Units I and II are ISO 9001:2015 and ISO 14001:2018 certified, while Unit III further holds ISO 45001:2018, ISO 14064-1:2018, and SEDEX SMETA four-pillar certifications. Supported by a strong workforce of 857 employees as of July 2024, the company maintains a strong focus on quality, sustainability, and efficient production across its FIBC, woven sack, and PP/HDPE fabric segments.


Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."


Shree Tirupati IPO Strength Factors

  1. Wide Customer Reach: Serving different types of customers helps the company avoid relying on one market and ensures steady income from various sources.
  2. Affordable Bulk Packaging: Flexible Intermediate Bulk Containers (FIBCs) are a budget-friendly option for handling large quantities, making operations more efficient and profitable.
  3. Varied Product Range: A diverse product lineup helps the company meet different customer needs, stay flexible with market trends, and boost growth.

Shree Tirupati IPO Risk Factors

  1. Geographical Concentration: All manufacturing units are in Pithampur, Madhya Pradesh. Any disruption in this area could heavily impact the company's operations and profits.
  2. Regulatory Risks: Stricter rules or possible bans on plastic products in India and other markets could negatively affect the company's business and performance.
  3. Brand Misconception: The company's name might create confusion about its business focus, which could affect investor interest or market perception.

Shree Tirupati IPO Lead Manager(s)

  • Pnb Investment Services Limited
  • Unistone Capital Private Limited

Shree Tirupati IPO Promoter(s)

  1. Binod Kumar Agarwal

Shree Tirupati IPO Company Details

Shree Tirupati Balajee Agro Trading Company Limited
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Shree Tirupati IPO Registrar

Link Intime India Private Limited
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Shree Tirupati IPO FAQs