Shree Tirupati Balajee Agro Trading IPO

Shree Tirupati Balajee Agro's ₹169.65 Cr IPO includes fresh and sale shares to repay debt, invest in subsidiaries, fund working capital, and cover corporate expenses.

Important Details

Open Date : September 5, 2024 Close Date : September 9, 2024 Allotment Date: September 10, 2024 Listing Date: September 12, 2024

Important Details

IPO Price: INR 78-83 per share Lot Size: 180 Shares Total Issue Size: INR 169.65 crores

Fundamental Analysis

Shree Tirupati Balajee IPO shows mixed performance: 1. Consistent revenue increase, Rising profitability & EPS. 2. Balanced equity growth,  Higher debt reliance. 3. Weakening liquidity.

Peer Comparison

Shree Tirupati Balajee IPO Comparison: 1. Strong ROE and EPS. 2. Outperforms Commercial Syn Bags, Emmbi Industries, and Rishi Techtex. 3. Competitors show varying profitability and debt levels.

Objective

Shree Tirupati Balajee IPO main Objective: 1. Repay outstanding borrowings. 2. Fund working capital needs. 3. Invest in subsidiaries HPPL, STBFL, and JPPL.

Risks And Challenges

Shree Tirupati Balajee IPO Risks: 1. Risk from five Pithampur facilities. 2. Potential environmental regulations. 3. Name suggests agriculture, but focuses on industrial packaging.