Shree Tirupati Balajee Agro IPO: A Comprehensive Guide

Overview

Shree Tirupati Balajee Agro Industries Ltd., a leading player in the food processing industry, has announced its initial public offering (IPO).

The IPO will open for subscription on September 5, 2023, and close on September 9, 2023. The company plans to raise around ₹1,000 crore through the IPO.

IPO Details

Price band	₹78 to ₹83 per share
Issue size	11,802,436 shares
Subscription period	September 5-9, 2023

Company Profile

Shree Tirupati Balajee Agro is a major rice processor and exporter in India, with a market share of over 10%.

The company's products include:

• Basmati rice
• Non-basmati rice
• Wheat flour

Shree Tirupati Balajee Agro has a strong distribution network across India and exports to over 50 countries.

Financials

Shree Tirupati Balajee Agro's revenue has grown at a CAGR of over 15% in the last five years.

The company's net profit margin has also improved significantly in recent years, from 5.2% in 2018 to 7.5% in 2022.

Risks

Like any investment, the Shree Tirupati Balajee Agro IPO carries certain risks.

• The company's dependence on the agricultural industry, which is subject to weather and other uncertainties
• The company's exposure to foreign currency fluctuations
• The company's competition from other food processing companies

Our Recommendation

We believe that Shree Tirupati Balajee Agro is a well-run company with a strong track record and bright prospects.

We recommend that investors consider subscribing to the IPO.