₹ 14940
₹78- ₹83
180
₹90
8
9 Sep 2024
Download11 Sep 2024
12 Sep 2024
Application Details
Shree Tirupati Balajee's IPO is set to open for subscription from September 5, 2024, to September 9, 2024. The company is offering shares with a face value of ₹10 each within a price band of ₹78 to ₹83 per share. Investors can apply in multiples of a lot size of 180 shares. The total issue size consists of 20,440,000 shares, aggregating up to ₹169.65 crores. This includes a fresh issue of 14,750,000 shares, raising ₹122.43 crores, and an Offer for Sale (OFS) of 5,690,000 shares, amounting to ₹47.23 crores. The IPO aims to raise funds for business expansion, working capital requirements, and other corporate purposes.
Key dates for the Shree Tirupati Balajee IPO include the opening date on September 5, 2024, and the closing date on September 9, 2024. The basis of allotment will be finalized by September 10, 2024, followed by the initiation of refunds and the credit of shares to investors' Demat accounts on September 11, 2024. The shares are expected to be listed on the stock exchanges on September 12, 2024. This timeline provides investors with a clear schedule for the entire IPO process.
Investors interested in the Shree Tirupati Balajee IPO can apply with a minimum of one lot, which consists of 180 shares, requiring an investment of ₹14,940. For retail investors, the maximum subscription allowed is 13 lots, equating to 2,340 shares for a total investment of ₹1,94,220. This range offers flexibility for investors to participate according to their investment capacity while adhering to the regulatory limits for retail investors in IPOs.
About Shree Tirupati Balajee Agro Trading Company Limited
Company Overview
Established in October 2001, Shree Tirupati Balajee Agro Trading Company Limited (STB) is a leading manufacturer and supplier of Flexible Intermediate Bulk Containers (FIBCs) and other industrial packaging products. The company operates in both the Indian domestic market and internationally, offering a range of packaging solutions, including woven sacks, woven fabric, narrow fabric, and tapes.
Product Offerings
Shree Tirupati Balajee Agro Trading Company Limited offers a comprehensive range of packaging solutions designed to meet diverse bulk packaging needs. Their primary product, Flexible Intermediate Bulk Containers (FIBCs), also known as big bags or bulk bags, are engineered for the safe and efficient storage and transportation of bulk materials. These FIBCs are available in various types, including standard, form-stable, and conductive options, catering to industries such as chemicals, agrochemicals, food, and mining.
In addition to FIBCs, STB produces woven sacks, which are versatile and durable, making them suitable for packaging agricultural products, chemicals, and construction materials. The company also manufactures woven fabric and narrow fabric, used in various applications from packaging to industrial processes. Their tape products are designed for reinforcement and sealing purposes, ensuring the integrity of the packaging. Customization is a key aspect of STB’s offerings, allowing clients to tailor products to their specific needs and industry requirements.
Subsidiaries and Manufacturing Facilities
The company operates through several subsidiaries, including Honourable Packaging Private Limited (HPPL), Shree Tirupati Balajee FIBC Limited (STBFL), and Jagannath Plastics Private Limited (JPPL). STB has five manufacturing units, with Units I and II certified under ISO 9001:2015 and ISO 14001:2018. Unit III holds additional certifications such as ISO 45001:2018, ISO 14001:2015, ISO 14064-1:2018, and SEDEX SMETA four-pillar. These certifications cover the production of FIBCs, woven sacks, and polypropylene (PP) and high-density polyethylene (HDPE) fabrics.
Global Presence and Export Growth
Shree Tirupati Balajee Agro Trading Company Limited is one of the largest producers and retailers of FIBCs in the Indian market. It is also recognized as one of the fastest-growing exporters globally. The company boasts over 20 years of experience in the industry and is committed to delivering high-quality products worldwide. STB holds a patent for a specialized fabric called “Aeropolymesh” and is renowned for its rapid growth in the export sector.
FAQ
IPO stands for "Initial Public Offering." It's the process through which a privately-held company becomes publicly traded by offering its shares to the general public and listing them on a stock exchange for trading. This allows the company to raise capital from investors and grants individuals and institutions the opportunity to invest in and own a portion of the company.
The life cycle of an IPO, or Initial Public Offering, begins with a company's decision to go public. It involves hiring underwriters, registering with regulatory authorities, determining the IPO price, marketing to investors, and the subscription period where investors place orders for shares. After allocation and listing, shares become publicly tradable, and the company enters the secondary market. Ongoing reporting and corporate governance are crucial as the company continues to operate as a publicly-traded entity. The IPO aims to raise capital for growth and provides investors with opportunities to trade shares in the company.
An IPO (Initial Public Offering) is when a private company goes public by selling shares to the public. Investors buy these shares, giving them ownership in the company. It's a way for companies to raise capital and expand. The process involves underwriters, regulatory filings, setting the IPO price, and marketing to investors. After the IPO, shares can be traded on a stock exchange. IPOs offer opportunities and risks, so investors should research and consider carefully.
"Upcoming IPOs" refers to initial public offerings that have been announced by private companies but have not yet occurred. These are companies that plan to go public in the near future by issuing shares to the public and listing them on a stock exchange. Investors often keep an eye on upcoming IPOs as they represent opportunities to invest in companies at their early stages of public trading, potentially capturing growth potential. These offerings are typically accompanied by significant media and investor attention as they approach their launch dates.