Shree Tirupati Balajee IPO: The initial public offering (IPO) of Shri Tirupati Balaji Agro Trading Company is getting a strong response. The IPO received 18.16 times subscription on the second day. According to NSE data, bids were received for 25,98,48,180 shares on the offer of 1,43,08,000 shares in the share sale of about Rs 170 crore. The retail individual investors category received 21.40 times subscription, while non-institutional investors received 28.56 times subscription. The category of qualified institutional buyers (QIB) received 4.69 times subscription. Let us tell you that the IPO of Shri Tirupati Balaji Agro Trading Company received 6.36 times subscription on the first day of bidding. The company’s IPO will close on September 9.
At what price listing is possible
The issue price for the IPO of Shri Tirupati Balaji Agro Trading Company Limited has been fixed at Rs 78-83 per share. At the same time, the gray market premium of the issue is Rs 40. The listing of this IPO is Rs 123 with a premium of 48.19%.
How many new shares in IPO
The IPO comprises an offer for sale (OFS) of 56.90 lakh equity shares by Vinod Kumar Agarwal in addition to 1.47 crore new equity shares. The proceeds from the IPO will be used for debt repayment, investment in subsidiary companies, capital requirements and general corporate purposes.
How many shares in one lot
Investors can apply in a minimum lot size of 180 shares. The minimum investment amount for retail investors is Rs 14,940. Small and medium institutional investors must apply for a minimum of 14 lots (2,520 shares) amounting to Rs 2,09,160, while large institutional investors must apply for a minimum of 67 lots (12,060 shares) amounting to Rs 1,000,980. Allotment of Shri Tirupati Balaji IPO is expected on September 10, 2024. The IPO is expected to be listed on Thursday, September 12, 2024.
