September 12, 2024
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Shree Tirupati IPO GMP grey market premium, review, Subscription, allotment, listing estimate @ Chanakyanipothi.com
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- GMP
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- Subscription
- Allotment
What is the latest news about Shree Tirupati IPO?
The IPO is listed at Rs. 90, premium of 8.43% over the issue price. The listing has been disappointment to the grey market players, who anticipated listing at around Rs. 143/145.
What was the last GMP of Shree Tirupati IPO?
What is the Shree Tirupati IPO Subscription status?
Shree Tirupati IPO Subscriptions (Closed)Price Rs. 83 Lot 180 shares, Rs. 169.65 Crore | |||||
| QIB | B HNI X | S HNI X | NII X | RII X | Total X |
| 150.87 | 225.47 | 179.41 | 210.02 | 73.22 | 124.74 |
| Applications: 27,36,926 / (68.86x) Amount wise Bids recd. Rs. ? Crore | |||||
Who is the promoter of Shree Tirupati IPO?
BINOD KUMAR AGARWAL is the promoter of Shree Tirupati Balaji Agro IPO.
What are the Objects of Shree Tirupati IPO?
The Offer comprises the Fresh Issue and the Offer for Sale.
The company intend to utilize the net proceeds of the Fresh Issue to meet the following objects:
- Repayment and/or prepayment, in part or full, of certain of the outstanding borrowings availed by the Company.
- Investment in the subsidiaries HPPL, STBFL and JPPL for Repayment and/or prepayment, in part or whole, of certain outstanding borrowings availed
- Funding the incremental working capital requirements of the company;
- Investment in the subsidiaries HPPL, STBFL and JPPL for funding working capital requirements and
- General corporate purposes.
What is the business of Shree Tirupati?
Shree Tirupati agro is engaged in the business of manufacturing and selling of Flexible Intermediate Bulk Containers (FIBCs) i.e. large flexible bags and other industrial packaging products such as woven sacks, woven fabric and narrow fabric, tapes in the Indian domestic market and overseas. IT offers customised products and cater to the bulk packaging solutions of its clients from diverse industries like chemicals, agrochemicals, food mining, waste disposal industry, agriculture industry, lubricants and edible oil by supplying them its FIBC products for transportation purposes and their packaging requirement.
It offers an alternative for packaging and transportation, streamlining the loading and unloading processes of vessels, containers, or trucks, thereby reducing labor requirements. It offers a wide range of packaging solutions to its clients since it manufactures variety of FIBC bags, woven bags and container liners etc.
It manufactures FIBC bags for packaging all possible products including, food products, chemicals, minings etc. The products are logistic solutions for diverse industries and the success of its business does not depend upon a few sectors. The company is a one-stop solution to all FIBC packaging needs. It believes that it is among the few companies in India with large portfolio. For ease of operations and better management and control, it manufactures specific products under various Subsidiaries.
The company has established its services for more than 20 (twenty) years and operate out of five (5) manufacturing units. It operates and manages its business through its subsidiaries viz. Honourable Packaging Private Limited (HPPL), Shree Tirupati Balajee FIBC Limited (STBFL) and Jagannath Plastics Private Limited (JPPL) as well.
For more information, click www.tirupatibalajee.net
Shree Tirupati IPO GMP grey market premium, review, Subscription, allotment, listing estimate
Shree Tirupati IPO Details | |
| IPO opens on | 5 September 2024 |
| IPO closes on | 9 September 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 20440000 Shares / Rs 169.65 Crore |
| * Fresh Issue | 14750000 Shares /Rs 122.43 Crore |
| * Offer for Sale | 5690000 Shares / Rs 47.23 Crore |
| Face Value per share: | Rs. 10 |
| Price Band | Rs. 78-83 |
| Retail Discount | Rs 0 per share |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 180 Shares |
| Listing will at | BSE, NSE |
| Shares offered in Shree Tirupati? | Shares | Rs. in Cr |
| QIB (50 %) | 10220000 | 84.83 |
| NII (15 %) | 3066000 | 25.45 |
| RII (35 %) | 7154000 | 59.37 |
| Employees | – | – |
| Total Shares | 20440000 | 169.65 |
| Retail portion will be oversubscribed by | 39744 Forms. | |
| How to apply in Shree Tirupati IPO ? | Amount Rs. | |
| Min Retail Application | 180 Shares | 14940 |
| Max Retail Application | 2340 Shares | 194220 |
| Small HNI (Min) application | 2520 Shares | 209160 |
| Small HNI (Max) application | 11880 Shares | 984040 |
| Big HNI Application | 12060 Shares | 1000980 |
What is the timetable of Shree Tirupati IPO? | |
| IPO opens on | 5 September 2024 |
| IPO Closes on | 9 September 2024 |
| IPO Allotment on | 10 September 2024 |
| Unblocking of ASBA | 11 September 2024 |
| Credit of Shares | 11 September 2024 |
| Listing on | 12 September 2024 |
| Registered Office of Shree Tirupati | |
| Plot No.192, Sector 1, Pithampur, Dhar – 454 775, Madhya Pradesh, India; Corporate Office: E-34, H.I.G, RaviShankar Nagar, Near LIG Square, Indore – 452 010 Madhya Pradesh | |
| Who are the Lead Managers of Shree Tirupati IPO? Pnb Investment Services Ltd Unicon Capital Services Private Ltd | |
| Registrar to IPO | |
| Link Intime India Private Limited |
Shree Tirupati IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs. in Crore | Rs.in Crore | Rs. | % | |
| 2021-22 | 454 | 13.66 | 2.31 | 14.81 |
| 2022-23 | 478 | 20.72 | 3.51 | 18.80 |
| 2023-24 | 553 | 36.07 | 5.74 | 20.84 |
| Book Value of the Share on 31.03.2024 | Rs. | 27.54 | ||
| BV of the Share after the IPO | Rs. | 36.22 | ||
| Offer Price at Cap | Rs. | 83 | ||
Shree Tirupati IPO | |
| Price /EPS | 14.46 |
| Price/Book Value Ratio | 3.01 |
| Price/BV after IPO | 2.29 |
How Shree Tirupati IPO compares with the Peers?
Peer Comparison.
| As on date of RHP | FV | Total | PE |
| Rs. | Income | Ratio | |
| Rs. In Cr | of | ||
| Shri Tirupati | 10 | 522.82 | 14.46 |
| Commercial Syn Bags | 10 | 286.76 | 37.13 |
| Emmby Industries | 10 | 377.60 | 22.07 |
| Rishi Techtex | 10 | 111.96 | 33.01 |
# This is only coverage of News related to Grey Market. We do not deal in grey market premium, nor we recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Shree Tirupati IPO Review
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