Shree Tirupati Balaji FIBC Limited IPO is about to debut on 21 September 2017, with an issue size of 10.80CR. Shree Tirupati Balaji FIBC Ltd (STBF), established in 2009, is involved in the production and distribution of High-Density Polyethylene (HDPE) / Polypropylene (PP) woven sacks and Flexible Intermediate Bulk Containers (FIBC). The company offers a wide range of products such as Conductive (Type C) Bags, Type B Bags, UN Certified Bags for Hazardous materials, Form Stable bags/ Q Bags, Funner bags, Tubular FIBC, Single/Double Loop Bags, Liners-Normal/Conductive/Anti Static liners with form-fit, glued, flanged, tabbed, container liners, asbestos bags, BOPP bags/PP Woven bags, and Tunnel Lift Bags.
The manufacturing facility of the company is located in the SEZ area situated in Pithampur, Dist. Dhar, MP. The majority of its sales come from exports to countries like the USA, UK, Australia, Germany, Italy, Spain, New Zealand, among others. The company sources its raw materials primarily from its Group Company, Shree Tirupati Balajee Agro Trading Private Limited.
Industry Overview
The Make in India initiative has received a significant boost through the success of the Make in India Week event held in Mumbai between February 13 and 18, 2016. The event garnered an overwhelming response from investors and closed with investment commitments of INR 15.2 trillion (US$ 225.32 billion). The concerted efforts of the Make in India drive are positioning India as a hub for high-tech manufacturing, with global giants such as GE, Siemens, HTC, Toshiba, and Boeing either establishing or in the process of setting up manufacturing plants in India. The primary attraction for these companies is India’s market of more than a billion consumers and their increasing purchasing power.
Shree Tirupati IPO Details
| IPO Date | Sep 21, 2017 to Sep 26, 2017 |
| Listing Date | Oct 5, 2017 |
| Face Value | ₹10 per share |
| Price | ₹36 to ₹40 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 2,700,000 shares(aggregating up to ₹10.80 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
Company Financials
| 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 |
Objects of the Issue
The object of the issue are to:
1. Funding the working capital requirements of the Company
2. General corporate purposes.
Shree Tirupati IPO Prospectus
Company Contact Information
Shree Tirupati Balajee FIBC Ltd
Plot No. A.P.-14 Apparel Park,
SEZ Phase II Industrial Area,
Pithampur – 454774
Phone: +91-0731-4217400
Email: cs@tirupatibalajee.com
Website: http://www.tirupatibalajee.com
Shree Tirupati IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/
Shree Tirupati IPO Lead Manager(s)
- Pantomath Capital Advisors Pvt Ltd (Past IPO Performance)
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