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Shree Tirupati Balajee IPO
Price Band
₹78.0–83.0
Issue Size
₹169.65 Cr
Lot Size
180 shares
Min Investment
₹14,940
GMP
+₹27.0 (32.53%)
Issue Price
₹83.0
Subject to Sauda
₹3700
Paid only if allotted
Shree Tirupati Balajee IPO AI Summary
- Shree Tirupati Balajee IPO is listed on BSE, NSE in the Packaging sector.
- Price band: ₹78.0–₹83.0 per share, lot size 180 shares (min. investment ₹14,940).
- Subscription window: 05 Sep–09 Sep 2024, listing on 12 Sep 2024.
- Current GMP is +₹27.0 (32.53%), an estimated listing price of ₹110 — unofficial and can change daily.
Shree Tirupati Balajee Agro Trading Company Limited is entering the market with a focus on flexible packaging solutions. The company has shown consistent revenue and profit growth over the past few years, and its IPO aims to strengthen its financial position and support future growth.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Shree Tirupati Balajee IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 09 Sep 2024 — not a current signal.
6 of 10 reviewers say Positive
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Shree Tirupati Balajee IPO Grey Market Premium (GMP) Today
GMP
+₹27.0
GMP %
+32.53%
Est. Listing
₹110.0
Updated: 25 Jul 2026 14:04
About the Company
Established in October 2001, 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 offers customized products and caters to the bulk packaging needs of clients from various industries, including chemicals, agrochemicals, food, mining, waste disposal, agriculture, lubricants, and edible oil. The company operates through subsidiaries such as Honourable Packaging Private Limited (HPPL), Shree Tirupati Balajee FIBC Limited (STBFL), and Jagannath Plastics Private Limited (JPPL). 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 company's 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.
Company Financials (₹ Cr)
As of 2024-03-31
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 516.94 | 392.46 | 391.89 |
| Total Income | 552.82 | 478.14 | 453.79 |
| Profit After Tax | 36.07 | 20.72 | 13.66 |
| NET Worth | 173.07 | 110.21 | 92.23 |
| Reserves and Surplus | 106.24 | 109.05 | |
| Total Borrowing | 243.69 | 223.81 | 240.06 |
Key Ratios
EPS
₹5.40
NAV
₹27.54
ROE
20.84%
ROCE
16.29%
RoNW
20.84%
P/B Value
3.01
P/E Ratio
15.37
Market Cap
₹677.04 Cr
PAT Margin
6.53%
Debt/Equity
1.41
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Rishi Techtex Ltd. | 43.09 | 4.23% | 33.01 | 1.82 | 1.82 |
| Emmbi Industries Ltd | 96.17 | 5.85% | 22.07 | 5.62 | 5.62 |
| Commercial Syn Bags Ltd | 32.02 | 5.66% | 37.13 | 1.81 | 1.81 |
| Shree Tirupati Balajee Agro Trading Company Limited This IPO | 27.54 | 20.84% | — | 5.74 | 5.74 |
Promoters
Binod Kumar Agarwal
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Repayment and/or prepayment, in part or full, of certain of the outstanding borrowings availed by the Company. 31.45 2 Investment in the subsidiaries HPPL, STBFL and JPPL for Repayment and/or prepayment, in part or full, of certain of outstanding borrowings availed 20.82 3 Funding incremental working capital requirements of the Company 13.50 4 Investment in the subsidiaries HPPL, STBFL and JPPL for funding working capital requirements. 10.74 5 General Corporate Purposes 31.83 Total 108.35
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹453.79 Cr in 31 Mar 2022, rising to ₹478.14 Cr by 31 Mar 2023, and further increasing to ₹552.82 Cr by 31 Mar 2024.
Profit Trend
Profit After Tax was ₹13.66 Cr in 31 Mar 2022, increasing to ₹20.72 Cr by 31 Mar 2023, and further rising to ₹36.07 Cr by 31 Mar 2024.
Valuation
Priced at roughly 15.37 times trailing earnings, versus peers trading at a P/E range of 22.07 to 37.13.
Grey Market Premium, Explained
Grey market premium (GMP) refers to the unofficial price at which an IPO's shares are traded before they are listed on the stock exchange. A positive GMP indicates strong demand and potential for listing gains, while a negative GMP suggests the opposite.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against the company's fundamentals, market conditions, and sector performance.
Who May Want to Wait
Investors with a low-risk tolerance or those seeking stable, dividend-paying investments may find this IPO less suitable due to the inherent risks associated with new listings.
IPO Timeline, Explained
The IPO opens for subscription on 5 September 2024 and closes on 9 September 2024. Allotment of shares will be finalized by 10 September 2024, with the listing date set for 12 September 2024.
Listing Gains — The Risk
Listing-day gains can be unpredictable. Factors such as market sentiment, demand for the stock, and overall market conditions can influence the price on the first day of trading. Investors should be cautious and not rely solely on potential listing gains.
This evaluation is generated from Shree Tirupati Balajee's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Shree Tirupati Balajee IPO GMP today?
Shree Tirupati Balajee IPO GMP today is +₹27.0 (32.53%), indicating an estimated listing price of ₹110. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Shree Tirupati Balajee IPO?
The price band of Shree Tirupati Balajee IPO is ₹78.0–₹83.0 per share.
When does Shree Tirupati Balajee IPO open and close?
Shree Tirupati Balajee IPO opens on 05 September 2024 and closes on 09 September 2024.
When does Shree Tirupati Balajee IPO list on the stock exchange?
Shree Tirupati Balajee IPO listed on 12 September 2024 at ₹110.0.
What is the lot size for Shree Tirupati Balajee IPO?
The lot size for Shree Tirupati Balajee IPO is 180 shares, requiring a minimum investment of ₹14,940.
What is the lot size for this IPO?
The lot size for Shree Tirupati Balajee's IPO is 180 shares.
What is the minimum investment required?
The minimum investment required is ₹14,940.
What is the price band for the IPO?
The price band for the IPO is ₹78.0 to ₹83.0.
When does the IPO open and close?
The IPO opens on 5 September 2024 and closes on 9 September 2024.
What does GMP mean?
GMP stands for grey market premium, indicating the unofficial price at which shares are traded before listing.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
05 Sep 2024
Close
09 Sep 2024
Allotment
10 Sep 2024
Listing
12 Sep 2024
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