Shree Tirupati Balajee Agro Trading Listing :Shree Tirupati Balajee Agro Trading Company has made a strong entry in the stock market today. Shree Tirupati Balajee’s stock has been listed on BSE at Rs 93, while the IPO price was Rs 83. That is, the listing took place with a strength of 12 percent. At the same time, the stock strengthened intraday and reached Rs 98, which is 18 percent more than the IPO price. This IPO was subscribed about 125 times overall.
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There was a bumper response from investors
This IPO has been subscribed overall 124.74 times. The issue size was Rs 169.65 crore, while it received bids worth Rs 14,814 crore. The reserved portion for qualified institutional investors i.e. QIB received bids 150.87 times. The reserved portion for non-institutional investors i.e. NII was filled 210.12 times. While the reserved portion for retail investors was filled 73.22 times.
what the company does
The company was started in 2001. It manufactures and sells flexible intermediate bulk containers (FIBCs), i.e. large flexible bags and other industrial packaging products such as woven sacks, woven fabrics, narrow fabrics and tapes in the Indian domestic market and overseas. The company offers customized products and caters to the bulk packaging needs of customers from various industries including chemical, agro chemical, food, mining, waste disposal, agriculture, lubricants and edible oils.
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About IPO
The IPO of Shri Tirupati Balaji Agro Trading Company was open between September 5 and September 9. The size of the IPO was Rs 169.65 crore. It had a fresh issue of Rs 122.43 crore, while the OFS was of 5,690,000 shares. The price band of the IPO was kept between Rs 78 and Rs 83. It had a lot of 180 shares, which means retail investors were required to invest at least Rs 14,940.
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company financials
In the financial year 2022, the company’s revenue, expense and profit were Rs 453.79 crore, Rs 436.45 crore and Rs 13.66 crore. It was Rs 478.14 crore, Rs 451.03 crore and Rs 20.72 crore in the financial year 2023. Whereas in the financial year 2024, it became Rs 552.82 crore, Rs 505.38 crore and Rs 36.07 crore.
