Shree Tirupati Balajee IPO: Everything You Need to Know

About the Company

Shree Tirupati Balajee (STB) is a leading manufacturer of steel products in India. The company offers a wide range of products, including bars, rods, wires, and sheets.

IPO Details

STB announced plans to issue a $100 million IPO in August 2023. The IPO will be open to both domestic and foreign investors. The issue price is expected to be in the range of Rs 50-60 per share.

IPO Timeline

• Issue opens: October 1, 2023
• Issue closes: October 7, 2023
• Listing date: October 15, 2023

Financials

STB has been profitable for the past several years. In the fiscal year 2023, the company reported a net income of Rs 100 crore. The company's revenue has also been growing steadily in recent years.

Competitive Landscape

STB competes with several other steel manufacturers in India. However, the company has a strong market position due to its wide range of products and its focus on quality.

Investment Considerations

• STB is a leading manufacturer of steel products in India.
• The company has a strong financial track record.
• The IPO is expected to be priced attractively.
• However, the steel industry is cyclical and the company faces competition from other steel manufacturers.

Conclusion

STB is a well-established company with a strong financial track record. The IPO is expected to be priced attractively. However, investors should be aware of the risks associated with investing in the steel industry.