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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.

ED
IPOSathi ResearchPrimary Market Desk

Published on · Verified Analysis

SEBI Regulatory & RED Audited
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Editorial Key Takeaways

This analysis is based on official Draft Red Herring Prospectus (DRED) filings, historical peer valuation multiples, and exchange data. Figures are audited for institutional accuracy.

In This Article

  1. 1.1. Issue Key Details
  2. 2.2. Business Moat & Global Shipping Demand
  3. 3.3. Verdict

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

ParameterIssue 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.*

    ED

    About IPOSathi Research

    Primary Market Analyst & Senior Financial Journalist · IPO Latest Updates Daily

    Our research desk specializes in reading SEBI Red Herring Prospectuses, institutional anchor allocations, and forensic balance sheet audits. Every report follows rigorous E-E-A-T research standards without promoter sponsorship.