Shree Tirupati Balajee IPO: Shree Tirupati Balaji Agro Trading Company’s IPO received 124.74 times subscription on the last day of bidding on Monday. According to NSE data, the IPO of about Rs 170 crore received bids for 1,78,48,29,420 shares against the offer of 1,43,08,000 shares. In the gray market today, this stock is available at a premium of Rs 50. That is, there can be a profit of 61% against the IPO price of Rs 83. Its possible listing price can be Rs 133.
How much subscription from which segment
The quota of non-institutional investors got 210.12 times subscription, while the portion of qualified institutional buyers (QIBs) got 150.87 times subscription. The segment of retail individual investors (RIIs) received 73.22 times bids. The IPO of Shri Tirupati Balaji Agro Trading Company received 6.36 times subscription on the first day of bidding on Thursday. Let us tell you that Shri Tirupati Balaji Agro Trading Company Limited has fixed a price band of Rs 78-83 per share for the IPO. Let us tell you that this IPO opened for investment on September 5 and the issue was open for investors till September 9. The size of the IPO was Rs 170 crore.
check other details
The IPO consists of a fresh issue of 1.47 crore equity shares and an offer for sale (OFS) of up to 56.90 lakh equity shares by Binod Kumar Agarwal. Proceeds from the sale of new shares will be used for repayment of debt, investment in subsidiaries, supporting capital requirements and for general corporate purposes. Sri Tirupati Balaji Agro Trading Company is engaged in the business of manufacturing and selling industrial packaging products such as large flexible bags and woven sacks, woven fabrics and tapes.
