Home/IPOs/BALAJEE
Start Date05-09-2024
Application Timing10am-5pm
Price Range₹78 - ₹83
Min Qty180
Min. Investment₹14040
Listing DateNA
Close Date09-09-2024
About Shree Tirupati Balajee Agro Trading Company Limited
We are engaged in the business of manufacturing and selling of Flexible Intermediate Bulk Containers (FIBCs) i.e. large flexible bags and other industrial packaging products such as woven sacks, woven fabric and narrow fabric, tapes in the Indian domestic market and overseas. FIBC bags are used for packaging all possible products including, food products, chemicals, mining, etc. Company's portfolio is a one-stop solution for all FIBC packaging needs
Company's products are established for more than 20 (twenty) years and operate out of five (5) manufacturing units.
Why To Invest in Shree Tirupati Balajee Agro Trading Company Limited
The company intend to utilize the net proceeds of the Fresh Issue to meet the following objects:
- Repayment and/or prepayment, in part or full, of certain of the outstanding borrowings availed by the Company.
- Investment in the subsidiaries HPPL, STBFL and JPPL for Repayment and/or prepayment, in part or whole, of certain outstanding borrowings availed
- Funding the incremental working capital requirements of the company;
- Investment in the subsidiaries HPPL, STBFL and JPPL for funding working capital requirements and
Financial Table
| Year | FY 2022 | FY 2023 | FY 2024 |
|---|---|---|---|
| Revenue from Operations (Rs. Cr) | 444.18 | 475.43 | 539.66 |
| Profit After Tax (Rs. Cr) | 13.65 | 20.71 | 36.07 |
Strengths And Risks
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Diverse customer base : The business helps and designs customized FIBCs, by offering complete range of FIBC for packaging all possible products. This enables our customers to improve performance and reduce the cost.
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Cost-Effectiveness of FIBCs : FIBCs offer cost-effectiveness, efficient load handling, ease of use, and chemical resistance, making them a swift replacement for alternative bulk packaging options such as paper-based products. Additionally, FIBCs contribute to weight reduction, resulting in lower transportation costs.
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Multi- product portfolio : Company offers a wide range of packaging solutions to clients since they manufacture a variety of FIBC bags for packaging all possible products including, food products, chemicals, mining, etc. Their products offer logistic solutions for diverse industries and the success of business does not depend upon a few sectors.
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Integrated Manufacturing Facility: Company owns and operates five manufacturing facilities strategically located at Indore (Madhya Pradesh). The location of units is in proximity to Mumbai and major industrial zones with good connectivity to ports, airports, and highways, which enhances timely and cost effective product supply.
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Plastic related Pollution : There is an increased awareness towards controlling pollution and many economies including India have joined in the efforts to ban plastic products. In case any plastic packaging products manufactured by company are banned in India or any of the export markets, it could have an adverse effect on the
business.
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Negative cash flows: Company had negative cash flows from operating activities, investing activities as well as financing
activities in the previous years, FY 2022, 2023 and 2024.
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Input Costs: Unexpected price increases or supply disruptions could challenge the company's ability to maintain optimal margins. Finance costs, associated with company's debt obligations, also influences their cost structure.
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