Shree Tirupati Balajee FIBC IPO

Shree Tirupati Balajee FIBC IPOBusiness description from prospectus - Shree Tirupati Balajee FIBC is engaged in manufacturing and supply of High Density Polyethylene (HDPE) / Polypropylene (PP) woven sacks, Flexible Intermediate Bulk Container (FIBC). The manufacturing unit of our Company is situated at SEZ area located at Pithampur, District Dhar, Madhya Pradesh. Our manufacturing facility meets the requirements set out in BRC Global Standard for Packing and Packaging Materials and has been achieved Grade A under the said audit.

Our manufacturing facility is well equipped with in-house testing laboratory to ensure that the finished products match the quality standards as specified by our customers. We majorly procure our raw materials by our Group Company, Shree Tirupati Balajee Agro Trading Private Limited thereby decreasing our dependency on third party suppliers.

Our customer base is spread across the globe with presence in countries like United States of America, United Kingdom, Australia, Germany, Italy, Spain, New Zealand, etc. The majority of our sales are through direct exports which contributed 97.17%, 98.49%, 98.28%, 98.94% and 97.94% respectively to our total sales for the year ended March 31, 2017, 2016, 2015, 2014 and 2013 respectively.

Promoters of Shree Tirupati Balajee FIBC – Binod Kumar Agarwal, Anant Trexim Private Limited and Nageshwar Vinimay Private Limited

Shree Tirupati Balajee FIBC IPO details

Subscription Dates 21 - 26 September 2017
IPO Price band INR36 - 40 per share
Fresh issue 2,700,000 shares (INR9.72 - 10.80 crore)
Offer for sale Nil
Total IPO size 2,700,000 shares (INR9.72 - 10.80 crore)
Minimum bid (lot size) 3,000 shares
Face Value  INR10 per share
Retail Allocation 50%
Listing On NSE Emerge SME platform

Shree Tirupati Balajee FIBC's financial performance (in INR crore)

FY2013 FY2014 FY2015 FY2016 FY2017
Total revenue 23.4 40.4 54.1 62.1 69.8
Total expenses 22.1 37.2 51.5 58.6 66.2
Profit after tax 0.4 2.2 2.4 3.4 2.9

Shree Tirupati Balajee FIBC Limited
Plot No. A.P.-14 (Apparel Park),
SEZ Phase-II, Industrial Area,
Pithampur, Madhya Pradesh – 454774

Phone: +91 0731 4217 400
Email: cs@tirupatibalajee.com
Website: www.tirupatibalajee.com

Day

Subscription (no. of times)

Day 1 0.74
Day 2 0.97
Day 3 1.11
Day 4 2.06

 

Earnings Per Share (EPS): INR3.86

Price/Earnings (P/E) ratio: 9.32 - 10.36

Return on Net Worth (RONW): 16.45%

Net Asset Value (NAV): INR23.49 per share

Bigshare Services Private Limited 
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E),
Mumbai – 400 072

Phone: +91 22 4043 0200 
Fax: 
+91 22 2847 5201
Email:
 ipo@bigshareonline.com
Website: www.bigshareonline.com

Shree Tirupati Balajee FIBC IPO allotment status is now available on Bigshare Services' website. Click on this link to get allotment status.

IPO Opening Date: 21 September 2017

IPO Closing Date: 26 September 2017

Finalisation of Basis of Allotment: 29 September 2017

Initiation of refunds: 3 October 2017

Transfer of shares to demat accounts: 3 October 2017

Listing Date: 5 October 2017

Listing Price on NSE SME: INR45 per share (up 12.5% from IPO price)

Closing Price on NSE SME: INR43.05 per share (up 7.6% from IPO price)

Shree Tirupati Balajee FIBC IPO
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