Shree Tirupati Balajee Agro Trading IPO Key Dates

The Shree Tirupati Balajee Agro Trading IPO is set to launch on 5 September 2024. Investors looking to participate should mark their calendars as the IPO window will be open for a limited time. The final allotment of shares is expected to be completed by September 10, 2024, with the shares likely to be listed on the stock exchanges by September 12, 2024.

Shree Tirupati Balajee Agro Trading IPO Subscription Details

The IPO is expected to raise ₹170 crore, offering investors a chance to buy into one of the country’s emerging agro-trading companies. The subscription details, including the price band, lot size, and minimum subscription requirements, will be crucial for potential investors to consider.

Shree Tirupati Balajee Agro Trading IPO Registrars and Lead Managers

The IPO is being managed by a team of experienced lead managers, including Pnb Investment Services Ltd and Unistone Capital Pvt Ltd. The registrar to the issue is Link Intime India Private Ltd., responsible for handling all the necessary administrative tasks related to the IPO.

Shree Tirupati Balajee Agro Trading IPO: Objectives of the Issue

The primary objectives of the Shree Tirupati Balajee Agro Trading IPO are to fund the company’s expansion plans, repay existing debts, and improve working capital. Additionally, a portion of the proceeds will be allocated towards general corporate purposes, enhancing the company’s overall financial health.

About Shree Tirupati Balajee Agro

Shree Tirupati Balajee Agro is a leading player in the agro trading sector, specializing in large, flexible bags known as Flexible Intermediate Bulk Containers, or FIBCs. The company has a robust supply chain and a strong market presence, which has enabled it to grow steadily over the years.

Shree Tirupati Balajee Agro: Financials

The financial health of Shree Tirupati Balajee Agro is a critical factor for investors to consider. Over the past few years, the company has shown consistent revenue growth, with profit after tax (PAT) climbed by 74% and its revenue rose by 16% between 31 March 2024 and 31 March 2023.

Shree Tirupati Balajee Agro Competitors

In the competitive agro-trading industry, Shree Tirupati Balajee Agro faces competition from both domestic and international players. Key competitors include Kanpur Plastipack Ltd, Rishi Techtex Ltd, Jumbo Bag Ltd, EMMBI Industries Ltd, and Commercial Syn Bags Ltd. Understanding how the company differentiates itself from these competitors will be crucial for assessing its long-term potential.

Shree Tirupati Balajee Agro Promoters

The promoters of Shree Tirupati Balajee Agro bring a wealth of experience to the table. Led by Binod Kumar Agarwal, the management team has been instrumental in driving the company’s growth. The promoters’ track record and their stake in the company will be of interest to investors.

Shree Tirupati Balajee Agro: Key Risks

Investing in IPOs always comes with risks, and Shree Tirupati Balajee Agro is no exception. Key risks associated with the company include foreign exchange rates. Potential investors should carefully evaluate these risks before deciding to subscribe.

Shree Tirupati Balajee Agro: GMP (Grey Market Premium)

The Grey Market Premium (GMP) is an indicator of market sentiment towards the IPO. As of now, the GMP for Shree Tirupati Balajee Agro Trading IPO stands at +30. This figure may fluctuate as the IPO date approaches, providing insights into investor demand and potential listing gains.