Shree Tirupati Balajee Agro Trading Company Limited

Shree Tirupati Balajee Agro Trading Company Limited manufactures and supplies flexible intermediate bulk containers (FIBCs), woven sacks, woven fabric, narrow fabric and tapes. The company serves a diverse set of end-use industries including chemicals, agrochemicals, food products, mining, agriculture, lubricants and waste management, supplying both domestic customers across India and international clients globally. Its product lineup also includes specialized patented packaging solutions such as Aeropolymesh. The company was founded in October 2001 and conducts its manufacturing activities across five operational units located in Pithampur, District Dhar, Madhya Pradesh. These facilities provide direct highway access and connectivity to major ports on India's western coast for containerized export traffic. As of July 2024, the business employed over 850 personnel and operated an installed processing capacity of approximately 2,300 metric tonnes per month. In addition to standalone operations, the company functions through operating subsidiaries including Honourable Packaging Private Limited, Shree Tirupati Balajee FIBC Limited and Jagannath Plastics Private Limited. Over the three fiscal years preceding its public offering, the group demonstrated steady revenue growth and expanding profitability, backed by long-standing client relationships and certified quality management systems including ISO 9001:2015 and ISO 22000:2018. Net proceeds from the fresh equity issue were earmarked primarily to lower outstanding bank borrowings at both the parent and subsidiary levels and to fund incremental working capital requirements across its manufacturing network.

Ahead of the offer the company raised about Rs 51 crore from anchor investors at the issue's upper price band, with participation from several domestic funds.