Thu Sep 05 12:18:26 UTC 2024: – Shree Tirupati Balajee Company is coming up with its IPO with a total issue size of Rs. 169.65 crores.
– The company manufactures and sells flexible intermediate bulk containers (FIBCs) and other industrial packaging products.
– The FIBC industry in India is experiencing significant growth, driven by sectors like chemicals, food, construction, and agriculture.
– Shree Tirupati Balajee reported revenue of Rs. 539.66 crores in FY24 and net profit of Rs. 36.07 crore.
– The company’s debt-to-equity ratio improved from 2.03 in FY23 to 1.41 in FY24.
– The company’s shares were trading at a 9.64% premium in the grey market.
– The company’s business is concentrated in West India, and it sources materials primarily from domestic suppliers.
– Investors can use tools like stock screeners and portfolio backtesting on Trade Brains Portal for informed investments.

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