Shree Tirupati Balajee Agro Trading Company Limited IPO: Analysis, GMP & Subscription Status
Introduction
Shree Tirupati Balajee Agro Trading Company Limited, a prominent player in the agro-trading industry, is set to launch its Initial Public Offering (IPO) on September 5, 2024. This blog provides an in-depth look at the key details of the IPO, including the price band, lot size, financial performance, GMP, and subscription statistics.
Shree Tirupati Balajee IPO Details
- Price Band: ₹78 to ₹83 per share
- Face Value: ₹10 per share
- Lot Size: 180 Shares
- Total Issue Size: 20,440,000 shares, aggregating up to ₹169.65 Crores
- Fresh Issue: 14,750,000 shares, aggregating up to ₹122.43 Crores
- Offer for Sale: 5,690,000 shares, aggregating up to ₹47.23 Crores
- Listing At: BSE, NSE
- Issue Type: Book Built Issue IPO
- Shareholding Pre-Issue: 66,820,852 shares
- Shareholding Post-Issue: 81,570,852 shares
Important Dates for Shree Tirupati Balajee IPO
- IPO Open Date: Thursday, September 5, 2024
- IPO Close Date: Monday, September 9, 2024
- Basis of Allotment: Tuesday, September 10, 2024
- Initiation of Refunds: Wednesday, September 11, 2024
- Credit of Shares to Demat: Wednesday, September 11, 2024
- Listing Date: Thursday, September 12, 2024
- Cut-off time for UPI mandate confirmation: 5 PM on September 9, 2024
Financial Performance of Shree Tirupati Balajee Agro Trading Company Limited
Shree Tirupati Balajee has shown consistent financial growth over the past three fiscal years. Here's a summary of its financial performance:
| Period Ended |
31 Mar 2024 |
31 Mar 2023 |
31 Mar 2022 |
| Assets |
₹516.94 Crores |
₹392.46 Crores |
₹391.89 Crores |
| Revenue |
₹552.82 Crores |
₹478.14 Crores |
₹453.79 Crores |
| Profit After Tax |
₹36.07 Crores |
₹20.72 Crores |
₹13.66 Crores |
| Net Worth |
₹173.07 Crores |
₹110.21 Crores |
₹92.23 Crores |
| Reserves and Surplus |
₹106.24 Crores |
₹109.05 Crores |
₹109.05 Crores |
| Total Borrowing |
₹243.69 Crores |
₹223.81 Crores |
₹240.06 Crores |
These financials highlight the company’s robust position, reflecting its capacity for sustained growth and profitability.
Objectives of the IPO
The funds raised from the IPO will be utilized for:
- Expanding the company's manufacturing facilities.
- Meeting working capital requirements.
- General corporate purposes.
Shree Tirupati Balajee IPO Grey Market Premium (GMP) and Subscription Stats
IPO Grey Market Premium (GMP)
| Date |
GMP (₹ per share) |
| September 3, 2024 |
₹8 |
| September 5, 2024 |
₹30 |
| September 6, 2024 |
₹40 |
| September 9, 2024 |
[To be updated] |
The Grey Market Premium (GMP) will be updated as the IPO progresses, providing insight into investor sentiment.
IPO Subscription Stats
| Date |
QIB Subscription |
NII Subscription |
Retail Subscription |
Total Subscription |
| Day 1 (Sept 5) |
4.46 |
5.29 |
8.24 |
6.53 |
| Day 2 (Sept 6) |
4.48 |
10.90 |
14.10 |
10.67 |
| Day 3 (Sept 9) |
[To be updated] |
[To be updated] |
[To be updated] |
[To be updated] |
These statistics will be updated daily, reflecting the investor interest and response to the IPO.
Risks Involved
Investors should consider the inherent risks associated with the agro-trading industry, including fluctuations in market demand, regulatory changes, and competition. Reviewing the company’s Draft Red Herring Prospectus (DRHP) and consulting with financial advisors is crucial before making any investment decisions.
How to Apply for Shree Tirupati Balajee IPO
Investors can apply through the ASBA process via banks and financial institutions. Retail investors also have the option to apply using UPI for payments. The minimum bid lot is 180 shares, with applications being accepted in multiples thereof.
Conclusion
The Shree Tirupati Balajee IPO offers a significant opportunity for investors looking to enter the agro-trading sector with a company that has demonstrated strong financial performance and growth potential. However, as with any investment, thorough research and risk assessment are essential.
Headlines
- Shree Tirupati Balajee IPO 2024: Key Dates, Financials, and How to Apply
- Investing in Shree Tirupati Balajee IPO: GMP, Subscription Stats, and More
- Complete Guide to Shree Tirupati Balajee IPO 2024
- Shree Tirupati Balajee IPO: Financial Overview and Investment Risks
- How to Apply for Shree Tirupati Balajee IPO: Important Dates and Lot Size
- Shree Tirupati Balajee IPO Grey Market Premium (GMP) and Subscription Analysis
- 2024 IPOs: Why Shree Tirupati Balajee Agro Trading Should Be on Your Radar
- Shree Tirupati Balajee IPO: Detailed Financial Performance and Objectives