Shree Tirupati Balajee Agro IPO - Issue Details, Valuation, Financials, Strength, Risks And More: Anand Rathi

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Anand Rathi Report.Shree Tirupati Balajee Agro Trading Company Ltd. will launch its initial public offering for subscription on Sept. 05 and the offer concludes on Sept. 09. The manufacturer and seller of flexible intermediate bulk containers has fixed the price band in the range of Rs 78 to Rs 83 per share at a face value of Rs 10. The minimum order lot for subscription is 180 shares.The Rs 170-crore IPO comprises of a fresh issue of up to 1,47,50,000 equity shares and an offer for sale of up to 56,90,000 equity shares..Objects of the Issue: 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.General corporate purposes..Valuation and outlook Shree Tirupati Balajee Agro Trading Company is engaged in the business of manufacturing and selling of Flexible Intermediate Bulk Containers i.e. large flexible bags and other industrial packaging products such as woven sacks, woven fabric and narrow fabric, tapes in the domestic and overseas markets. The company caters to the bulk packaging solutions of its clients from various industries like chemicals, agrochemicals, food mining, waste disposal industry, agriculture industry, lubricants and edible oil by supplying them customized FIBC products for transportation purposes and their packaging requirement. At the upper price band company is valuing at P/E of 18.7 times with a market cap of Rs 6,770 million post issue of equity shares and return on net worth of 20.8%. On the valuation front, we believe that the company is fairly priced. Thus, we recommend an “Subscribe” rating to the IPO..Click on the attachment to read the full IPO report:.Shree Tirupati Balajee Agro IPO- Investment Rationale, Issue Details, Peer Comparison, Risks & More: DRChoksey.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Shree Tirupati Balajee Agro IPO - Issue Details, Valuation, Financials, Strength, Risks And More: Anand Rathi

The Rs 170-crore IPO will open for subscription on Sept. 05 and the company has fixed the price band in the range of Rs Rs 78 to Rs 83 per share.

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Shree Tirupati Balajee Agro IPO - Issue Details, Valuation, Financials, Strength, Risks And More: Anand Rathi

The Rs 170-crore IPO will open for subscription on Sept. 05 and the company has fixed the price band in the range of Rs Rs 78 to Rs 83 per share.

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