Shree Balajee Tapes & Packaging IPO

Shree Balajee Tapes & Packaging IPO is a fixed-price issue consisting entirely of a fresh issue of up to 14.51 lakh equity shares.

The equity shares are proposed to be listed on the NSE SME platform. Credora Partners Private Limited is the book-running lead manager to the issue, while MAS Services Limited is the registrar. The IPO dates, price band and lot size are yet to be announced.

About Shree Balajee Tapes & Packaging Limited

Shree Balajee Tapes & Packaging Limited was incorporated on March 25, 2025, in Assam and evolved from the partnership firm Shree Balajee Enterprises. The company is engaged in the manufacturing of packaging and adhesive products and has established its presence primarily in North-East India while serving customers across multiple industries.

The company manufactures a diversified range of products, including BOPP tapes, paper tubes, paper cores, paper cones, HM-HDPE bags, and box strapping products. In addition, it also trades in stretch films and shrink films, catering to industries such as FMCG, textiles, pharmaceuticals, printing, packaging, and manufacturing.

Shree Balajee operates multiple manufacturing facilities across Assam and Rajasthan, including facilities under construction to support future expansion. The company is ISO 9001:2015 certified and focuses on maintaining quality standards while offering customised solutions based on customer specifications and requirements.

The business is led by experienced promoters, including Alok Sonthalia, who has over 20 years of industry experience, and Sinu Sonthalia, who has more than 7 years of experience in the sector. Through its diversified product portfolio, broad customer base, and strategic manufacturing expansion plans, the company aims to strengthen its position in India's growing packaging and adhesive products market.

The company has also begun exploring export opportunities and received its first export order from Bhutan on May 28, 2026. Going forward, Shree Balajee intends to enhance production capabilities, introduce new product lines such as inks and adhesives, and expand its geographical footprint across domestic and international markets.

Industry Outlook

• India's packaging industry continues to benefit from rising demand from e-commerce, quick-commerce, manufacturing, pharmaceuticals, FMCG, and logistics sectors, creating significant growth opportunities for packaging product manufacturers.
• The Indian packaging market was estimated at approximately USD 101.12 billion in 2025 and is projected to reach around USD 169.73 billion by 2030, supported by strong demand across multiple end-user industries.
• BOPP tapes remain an essential component of the packaging ecosystem, with demand being driven by expansion in retail, warehousing, transportation, and industrial packaging activities.
• Growing emphasis on sustainability, recycled-content adoption, and Extended Producer Responsibility (EPR) requirements is encouraging companies to adopt environmentally responsible packaging solutions.
• Technological advancements, automation, and manufacturing efficiency improvements are becoming key competitive advantages within the packaging products industry.
• The paper tubes and cores segment is witnessing increasing adoption due to its cost-effectiveness and eco-friendly characteristics, particularly across paper, textile, and industrial applications.
• The industry remains competitive and fragmented, with organised and unorganised players competing on product quality, pricing, customer relationships, innovation, and operational efficiency.

Shree Balajee Tapes & Packaging IPO Objectives

The company proposes to utilise the net proceeds from the IPO for the following objectives:

• Fund capital expenditure for expansion and renovation of manufacturing facilities to increase production capacity.
• Purchase and install machinery for the manufacturing of inks, adhesives, and BOPP tapes to strengthen the company's product portfolio.
• Invest in rooftop solar infrastructure, electrical panels, air compressors, and other supporting equipment to enhance operational efficiency.
• Purchase vehicles, including tankers, to reduce dependence on third-party transportation and improve supply chain management.
• Meet the company's working capital requirements to support business growth and day-to-day operations.
• Support increased production levels arising from facility expansion and additional manufacturing capabilities.
• Utilise the remaining proceeds towards general corporate purposes in accordance with applicable regulations.

Financial Performance of Shree Balajee Tapes & Packaging Limited

Madhur Knit Crafts Limited Peer Details Comparison

Strengths and Opportunities of Shree Balajee Tapes & Packaging IPO

1. Diversified product portfolio comprising BOPP tapes, paper tubes, paper cores, paper cones, HM-HDPE bags, and box strapping products.
2. Strong revenue growth, with revenue increasing from ₹800.49 lakh in FY24 to ₹1,400.83 lakh in FY26.
3. Significant profitability improvement, with profit after tax rising to ₹279.53 lakh in FY26.
4. Experienced promoters with extensive industry knowledge and long-standing business relationships.
5. ISO 9001:2015 certification, reflecting the company's focus on quality assurance and operational standards.
6. Expansion of manufacturing facilities and addition of new production lines for adhesives and inks could enhance future revenue streams.
7. Growing demand from e-commerce, FMCG, pharmaceutical, textile, printing, and manufacturing industries provides expansion opportunities.
8. Potential geographical diversification through facilities in Rajasthan and increasing export opportunities following its first export order to Bhutan.
9. Investment in solar power infrastructure and operational improvements could support cost efficiencies and strengthen long-term competitiveness.

Risks and Threats of Shree Balajee Tapes & Packaging IPO

1. The company derives a significant portion of its revenue from BOPP tapes, creating product concentration risk.
2. A large share of revenue is generated from Assam, resulting in geographical concentration risk.
3. Dependence on a limited number of major customers may adversely affect business performance if customer relationships weaken.
4. Reliance on key suppliers exposes the company to potential supply chain disruptions and raw material shortages.
5. Fluctuations in the prices and availability of raw materials can impact profitability and operating margins.
6. The business is working-capital intensive, requiring ongoing funding to support operations and growth.
7. Expansion projects and installation of new facilities may face delays, cost overruns, or execution challenges.
8. The packaging industry is highly competitive, with both organised and unorganised players competing across product categories.
9. Changes in regulatory requirements, environmental standards, economic conditions, or regional disruptions could adversely affect business operations and future growth.

Shree Balajee Tapes & Packaging IPO Reservation

Shree Balajee Tapes & Packaging IPO Promoter Holding

The promoters of the company are Alok Sonthalia and Sinu Sonthalia.

Shree Balajee Tapes & Packaging IPO Prospectus

• Shree Balajee Tapes & Packaging IPO DRHP

Shree Balajee Tapes & Packaging IPO Registrar and Lead Managers

Shree Balajee Tapes & Packaging IPO Lead Managers

• Credora Partners Private Limited

Registrar for Shree Balajee Tapes & Packaging IPO

MAS Services Limited

• Contact Number: 011-2638728182
• Email Address: info@masserv.com

Shree Balajee Tapes & Packaging IPO Registrar

How To Apply for Shree Balajee Tapes & Packaging IPO Online?

1. Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
2. Locate the IPO Section: Navigate to the 'IPO' section on the platform.
3. Select IPO: Find and select the Shree Balajee Tapes & Packaging IPO from the list of open IPOs.
4. Enter the Lot Size: Specify the number of lots you want to bid for.
5. Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
6. Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.

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2. Go to the IPO Section and then to IPO Orders.
3. Select the individual IPO that you had applied for and check the allotment status.
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Contact Details of Shree Balajee Tapes & Packaging IPO

Registered Office: Unit No: 804, 8th Floor, Achyut Express Tower, B Baruah Road, Behind Royal Arcade, Ulubari, Guwahati, Assam, 781007.

Phone: 9435107382

E-mail: compliances@shreebalajeegroup.com