Shree Tirupati Balajee Agro Trading IPO: The IPO of Shree Tirupati Balajee Agro Trading Company Limited has opened for investment from today, Thursday. Investors will be able to bet in this issue from September 5 to September 9. Shri Tirupati Balajee Agro Trading Company Limited on Monday fixed a price band of Rs 78-83 per share for its IPO of about Rs 170 crore. The issue was opened for anchor investors on September 4. It has raised ₹ 50.89 crore from anchor investors. Let us tell you that the anchor investors included NAV Capital VCC – NAV Capital Emerging Star Fund, Chanakya Opportunities Fund I, Next Orbit Growth Fund III, Cent Capital Fund, Steptrade Revolution Fund and Astron Capital VCC – Arwen.
what is the detail
The IPO consists of a fresh issue of 1.47 crore equity shares and an offer for sale of 56.90 lakh equity shares by Vinod Kumar Agarwal. The size of the IPO has been pegged at Rs 169.65 crore at the upper end of the price band. The company will use the funds raised from the IPO to repay debt, invest in subsidiary companies, meet capital requirements and for general company operations. 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.
Power share of ₹ 31 caught stormy speed, people are again looting to buy, LIC’s big bet
This power share can cross ₹180, there is a rush to buy it, company’s debt is reducing
What is going on GMP?
In the grey market, this share is available at a premium of Rs 25. This means that the possible listing price of the company’s shares can be Rs 108. That is, there can be a profit of up to 31% on the listing day.
