Shree Tirupati Balajee Agro Trading Company Limited IPO
Company Background
Founded in October 2001, Shree Tirupati Balajee Agro Trading Company Limited is a prominent manufacturer and supplier of Flexible Intermediate Bulk Containers (FIBCs), commonly known as large flexible bags. The company also produces a range of other industrial packaging products, including woven sacks, woven fabric, narrow fabric, and tapes, serving both the Indian domestic market and international clients. Product Offerings and Industry Reach
Shree Tirupati Balajee specializes in offering customized bulk packaging solutions, serving clients across diverse sectors. The company's product portfolio includes FIBCs and other industrial packaging materials designed to meet specific industry requirements. These products are critical in sectors such as chemicals, agrochemicals, food processing, mining, waste management, agriculture, lubricants, and edible oils.
Operational Footprint and Certifications
The company operates through several subsidiaries, including Honourable Packaging Private Limited (HPPL), Shree Tirupati Balajee FIBC Limited (STBFL), and Jagannath Plastics Private Limited (JPPL). The company runs five manufacturing units with various certifications:
Units I & II: ISO 9001:2015 and ISO 14001:2018 certified.
Unit III: ISO 9001:2015, ISO 45001:2018, ISO 14001:2015, ISO 14064-1:2018, and SEDEX SMETA four-pillar certified.
These certifications cover the production of FIBCs, Woven Sacks, and Fabrics made from PP (Polypropylene) and HDPE (High-Density Polyethylene). Promoter and Shareholding Structure
Binod Kumar Agarwal is the promoter of Shree Tirupati Balajee Agro Trading Company Limited. The promoter's shareholding in the company stood at 88.38% before the IPO and is expected to reduce to 65.42% post-issue. Objectives of the IPO
Repayment of Borrowing
Investment in Subsidiaries
General Corporate Purposes
Shree Tirupati Balajee Agro Trading IPO Details
IPO Dates: 5 to 9 September, 2024
Price Band: ₹78 to ₹83 per share
Lot Size: 180 shares
Total Issue Size: ₹169.65 Crores
Retail Quota: 35%
GMP: 40% (For informational purposes only)
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