Shree Tirupati Balajee Agro Trading Company Limited

Lot Size
1 Lot = 180 Qty
Min Investment
₹14940
Subscription
Oversubscribed
Listing Gain
14(Points)

IPO Details

Open Date
Sep 05, 2024
Close Date
Sep 09, 2024
Allotment Date
Sep 10, 2024
Allotment Date
Sep 10, 2024
Refund Initiation
Sep 11, 2024
Demat Transfer
Sep 11, 2024
Listing Date
Sep 12, 2024
Fresh Issue
122.43
Offer For Sale
47.23
Issue Price
₹78 to ₹83
Face Value
₹10
Issue Type
Fresh Issue
Total Issue Size
169.65 CR
QIB + NII Quota
50 + 15%
Retail Quota
35%
Listing On
NSE & BSE
Registrar
Link Intime India Pvt Ltd
Check Allotment Status

Company Financial Rusult In Crore

PERIOD ASSET REVENUE PROFIT
31-Mar-2014 516.94 552.82 36.07
31-Mar-2023 392.46 478.14 20.72
31-Mar-2022 391.89 453.79 13.66
DRHP DRAFT

About The Company

Shree Tirupati Balajee Agro Trading Company Limited manufactures and sells Flexible Intermediate Bulk Containers (FIBCs), i.e., large flexible bags, and other industrial packaging products such as woven sacks, woven fabric, narrow fabric, and tapes in the Indian domestic market and overseas.

The company operates five manufacturing units. Units I and II are certified with ISO 9001: 2015 and ISO 14001:2018. Unit III is certified with ISO 9001: 2015, ISO 45001: 2018, ISO 14001: 2015, ISO 14064-1: 2018, and the SEDEX SMETA four-pillar. The companys certifications cover the production of Flexible Intermediate Bulk Containers (FIBC), Woven Sacks, and Fabrics of PP (Polypropylene) and HDPE (High-Density Polyethylene).As of July 2024, the company has 857 department employees.

Strength

  • 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.
  • 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.
  • 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.
  • The company holds ISO 9001:2015 and ISO 22000:2018 certifications, with rigorous quality controls at every production stage, ensuring high standards and client satisfaction.

Weakness

  • Failure to meet quality standards or adapt to technological changes could harm the companys reputation and financial performance. Despite stringent quality controls, theres no assurance of perpetual compliance with evolving customer and regulatory standards.
  • 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 Tirupatis business operations and market presence could be severely compromised.

 

 

 

DISCLAIMER: None of the financial information published herein should be construed as an offer to buy or sell securities or as advice in any way. All information published herein is for educational and informational purposes only and should not be relied upon as a basis for investment decisions under any circumstances. Readers must consult a qualified financial advisor before making any actual investment decisions based on the information published herein. Any reader who makes decisions based on the information published herein does so solely at his or her own risk. Investors should be aware that any investment in equity markets is subject to unpredictable market-related risks. The author does not intend to invest in this offering.