Shree Tirupati Balajee Agro Trading IPO Review: ₹170 Cr FIBC Bags & Industrial Packaging Issue
Central India largest Flexible Intermediate Bulk Container (FIBC) and woven packaging manufacturer Shree Tirupati Balajee is launching its ₹170 Crore Mainboard IPO. Full financial and operational breakdown.
This analysis reviews the official Red Herring Prospectus (RHP), historical peer valuations, current exchange subscription trends, and grey market premium indicators. All figures are verified against official BSE, NSE, and SEBI regulatory filings.
Industrial packaging and flexible bulk container manufacturer Shree Tirupati Balajee Agro Trading Company Limited has launched its ₹169.65 Crore Initial Public Offering on NSE & BSE Mainboard.
1. Issue Key Details
| Parameter | Issue Details |
|---|---|
| Price Band | ₹78 to ₹83 per equity share |
| Lot Size | 180 Shares |
| Minimum Retail Bid | ₹14,940 (1 Lot at cut-off) |
| Total Issue Size | ₹169.65 Crore (Fresh Issue ₹122.4 Cr + OFS ₹47.2 Cr) |
| Listing Date & Exchanges | NSE & BSE Mainboard |
2. Business Moat & Global Shipping Demand
- Product Specialization: FIBC (Flexible Intermediate Bulk Containers) jumbo bags capable of carrying 500kg to 2,000kg of chemical, mining, and food materials.
- Export Mix: Generates over 45% of revenue from international shipments across the USA, Germany, and Australia.
- Financial Profile: FY26 Revenue of ₹540 Crore, EBITDA of ₹62 Crore (11.5% margin), and PAT of ₹36 Crore.
3. Verdict
Shree Tirupati Balajee is a steady packaging proxy for global commodity and chemical trade priced at a reasonable ~14.5x P/E. Verdict: Apply for Steady Medium-Term Returns.
Disclaimer: Educational review only.
Authored by IPOSathi Research
Harshit is the Lead Primary Market Analyst at IPOSathi, tracking Indian initial public offerings, SME platforms, grey market movements, and corporate actions. All research is conducted independently with zero promoter compensation.
Frequently Asked Questions
What is the price band for Shree Tirupati Balajee IPO?+
The price band is set at ₹78 to ₹83 per share with a lot size of 180 shares (₹14,940 minimum retail application).
What products does Shree Tirupati Balajee produce?+
FIBC jumbo bags, container liners, PP woven fabrics, and agricultural bulk transport packaging exported to 38+ countries.
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