The Shree Tirupati IPO date has been confirmed to have started on September 21, 2017 and ended on September 26, 2017.
Using an IPO, Shree Tirupati is seeking to raise Rs 10.80 crore. Its price band is set at ₹36 to ₹40 per share. The minimum lot size for an application is 3000 shares. The minimum amount of investment required by retail investors is ₹120,000.
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Bidding Dates
September 21-26
Price Range
₹36 to ₹40 per share
Face Value
₹10 per share
GMP
₹415.00
Shree Tirupati IPO GMP
The Shree Tirupati Limited IPO GMP is ₹415.00.
IPO Overview
The Shree Tirupati IPO is a Rs 10.80 crore book-built issuance. Bidding for the Shree Tirupati IPO began on September 21, 2017 and finished on September 26, 2017. On October 5, 2017, the shares were listed on the NSE SME. The price range for the Shree Tirupati IPO is set at 36 to 40 per share. A lot size of 3000 shares is required for an application. Retail investors must make a minimum investment of $120,000 to participate.
The company’s production unit is located in the SEZ area of Pithampur, Dist. Dhar, MP. The majority of its sales come from exports to nations such as the United States, the United Kingdom, Australia, Germany, Italy, Spain, and New Zealand, among others. Shree Tirupati Balajee Agro Trading Private Limited, their group company, sources the majority of their raw materials.
Shree Tirupati IPO Details
| IPO Date | September 21, 2017 to September 26, 2017 |
| Listing Date | October 5, 2017 |
| Face Value | ₹10 per share |
| Price Band | ₹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 |
Shree Tirupati IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹120,000 |
| Retail (Max) | 1 | 3000 | ₹120,000 |
Shree Tirupati IPO Listing Details
| Listing Date | October 5, 2017 |
| BSE Script Code | |
| NSE Symbol | TIRUPATI |
| ISIN | INE238Y01018 |
| Final Issue Price | ₹40 per share |
Company Profile
Shree Tirupati Balaji FIBC Ltd (STBF), founded in 2009, is a manufacturer and supplier of High Density Polyethylene (HDPE) / Polypropylene (PP) woven sacks and Flexible Intermediate Bulk Container (FIBC). Conductive (Type C) Bags, Type B Bags, UN Certified Bags for Hazardous Materials, Form Stable bags/Q Bags, Funner bags, Tubular FIBC’s, Single/Double Loop Bags, Liners-Normal/Conductive/Anti Static liners with formfit, glued, flanged, tabbed, container liners, asbestos bags, BOPP bags/PP Woven bags, Tunnel Lift Bags are among the many products offered by the company.
Registrar Info
| Name | Bigshare Services Pvt Ltd |
| Phone number | +91-22-6263 8200 |
| Email ID | ipo@bigshareonline.com |
| Website | ipo.bigshareonline.com |
Contact Details
| Name | Shree Tirupati Balajee FIBC Ltd |
| Phone number | +91-0731-4217400 |
| Email ID | cs@tirupatibalajee.com |
| Website | tirupatibalajee.com |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
