Shree Tirupati Balajee Agro Trading IPO – Price band to risk factors, all you need to know
Sep 5, 2024
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Shree Tirupati Balajee Agro Trading IPO
Madhya Pradesh-based Shree Tirupati Balajee Agro Trading’s initial public offering (IPO) is now open and will close on Monday, September 9.
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Price band
Shree Tirupati Balajee Agro Trading has fixed a price band of ₹78-₹83 per share for its public issue.
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About the company
Shree Tirupati Balajee Agro Trading is a Madhya Pradesh-based manufacturer and seller of flexible intermediate bulk containers (FIBC) and other industrial packaging solutions.
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IPO size
Shree Tirupati Balajee Agro Trading is looking to raise ₹169.65 crore from the current IPO. This includes a fresh issue of ₹122.43 crore and an offer for sale (OFS) component of ₹47.23 crore.
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Lot size
Investors can bid for a minimum of 180 shares and in multiples of 180 shares thereafter.
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Current operations
The company, founded in 2001 currently operates five manufacturing units and sells its products in both the Indian and overseas markets.
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Financials
The company’s income was ₹552.82 crore in FY24, up from ₹478.14 crore in FY23. The company reported a profit of ₹36.07 crore in FY24, up from ₹20.72 crore profit reported in FY23.
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Risk factors
A major part of the company’s revenue comes from exports. Any restrictions on exports or changes to its international orders may have an adverse impact on the company’s business.
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Objectives of the issue
The funds raised will be used for repayment of borrowings, investment in subsidiaries, working capital nedds and general corporate purposes.
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Disclaimer
The content on this website is for informational purposes only and should not be construed as investment advice. We recommend that readers consult certified, qualified, and registered advisors for professional and personalised financial advice.
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