Shree Tirupati Balajee Agro IPO – Shree Tirupati Balajee Agro Trading manufactures and sells Flexible Intermediate Bulk Containers (FIBCs), large flexible bags, and other industrial packaging products such as woven sacks, woven fabric, narrow fabric, and tapes. The company caters to the Indian domestic market and overseas, offering customized bulk packaging solutions to clients in diverse industries, including chemicals, agrochemicals, food, mining, waste disposal, agriculture, lubricants, and edible oil.
Shree Tirupati Balajee Agro Trading operates out of five manufacturing units located in Indore, Madhya Pradesh, with an installed extruder capacity of 2,300 MT per month, and its utilized capacity of 2,200 MT per month. The FIBCs produced by the company accommodate loads ranging from 500 kg to 2,500 kg. The company manages its business through its subsidiaries: Honourable Packaging Private Limited (HPPL), Shree Tirupati Balajee FIBC Limited (STBFL), and Jagannath Plastics Private Limited (JPPL).
Shree Tirupati IPO is a book built issue of Rs 10.80 crores. Shree Tirupati IPO bidding started from September 21, 2017 and ended on September 26, 2017. The shares got listed on NSE SME on October 5, 2017.
Shree Tirupati IPO price band is set at ₹36 to ₹40 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹120,000.
Shree Tirupati Balajee Agro Trading IPO Details
| Shree Tirupati Balajee Agro IPO Dates | 5 – 9 September 2024 |
| Shree Tirupati Balajee Agro Issue Price | INR 78 – 83 per share |
| Fresh issue | 1,47,50,000 shares (INR 122.42 crore) |
| Offer For Sale | 56,90,000 shares (INR 47.23 crore) |
| Total IPO size | 2,04,40,000 shares (INR 169.65 crore) |
| Minimum bid (lot size) | 180 shares (INR 14,940) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | NSE, BSE |
Shree Tirupati IPO Lot Size
Investors can bid for a minimum of 3000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 3000 | ₹120,000 |
| Retail (Max) | 1 | 3000 | ₹120,000 |
Shree Tirupati Balajee Agro Trading Company – Strength and Weakness
| Strength | Weakness |
| Shree Tirupati Balajee Agro Trading Company caters to various industries such as chemicals, agriculture, and food, with a broad FIBC product line, ensuring stable and visible future revenue streams. | Failure to meet quality standards or adapt to technological changes could harm the company’s reputation and financial performance. Despite stringent quality controls, there’s no assurance of perpetual compliance with evolving customer and regulatory standards. |
| Their state-of-the-art manufacturing facilities are ideally located near Mumbai with excellent connectivity to major ports and highways, enhancing distribution efficiency and reducing costs. | Increasing global and national scrutiny on plastic use poses a substantial threat. With many economies, including India, moving to restrict or ban plastic products, Shree Tirupati’s business operations and market presence could be severely compromised. |
| With an installed capacity of approximately 2,300 Mt/month and nearly full utilisation at 2,200 Mt/month, the company demonstrates strong operational efficiency and growth potential. |
