Shree Tirupati Balajee Agro Trading Company Limited manufactures and sells Flexible Intermediate Bulk Containers (FIBCs), i.e., large flexible bags, and other industrial packaging products such as woven sacks, woven fabric, narrow fabric, and tapes in the Indian domestic market and overseas.

The company offers customized products and caters to the bulk packaging needs of clients from various industries, including chemicals, agrochemicals, food, mining, waste disposal, agriculture, lubricants, and edible oil. The company operates through subsidiaries such as Honourable Packaging Private Limited (HPPL), Shree Tirupati Balajee FIBC Limited (STBFL), and Jagannath Plastics Private Limited (JPPL).

For the year/period ended (Rs. in Cr.)

For year/ period ended ( in Cr.)

• Diverse customer base
• Cost-Effectiveness of FIBCs
• Multi-product portfolio
• Integrated Manufacturing Facility
• Quality Standard Certifications & Quality Tests
• Experienced Promoter and senior management team
• Multi-market Company
• Product Development Capabilities
• Growing Demand for Sustainable Packaging Solution.

1. Repayment and/or prepayment, in part or full, of certain of the outstanding borrowings availed by the Company.
2. Investment in the subsidiaries HPPL, STBFL and JPPL for Repayment and/or prepayment, in part or whole, of certain outstanding borrowings availed
3. Funding the incremental working capital requirements of the company;

The company is into agro trading business. As on FY24 earnings, the IPO is valued at 14.45 time of P/E multiple. Hence, Investor may subscribe for medium to long term perspective.