Shree Tirupati Balajee IPO: Shree Tirupati Balajee’s IPO is coming. The size of the company’s IPO is Rs 169.65 crore. The company will issue 1.48 crore fresh shares through the IPO. At the same time, a plan has been made to issue 0.57 crore shares under the offer for sale. This IPO is being done on Thursday, September 5. Let us tell you, this is a main board IPO.
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What is price band
The price band of Shree Tirupati Balajee IPO has been fixed at Rs 78 to Rs 83 per share. The company has created a lot of 180 shares for investors. Due to which retail investors will have to invest at least Rs 14,940. Let us tell you, the company’s IPO will close on September 9. Allotment of shares will be done in the next week. The company will be listed on BSE and NSE.
What is the company’s position in the grey market?
According to the report of Investors Gain, the company’s IPO was trading at a premium of Rs 8 in the gray market yesterday i.e. on September 2. This is the data of the first day. Now it remains to be seen what kind of response is seen in the gray market in the coming days.
How much share for whom?
According to the information given by the company, a maximum of 50 percent of the shares will be reserved for qualified institutional buyers. At the same time, at least 35 percent of the shares will be reserved for retail investors. The company will reserve at least 15 percent of the shares for non-institutional investors. The promoter of this company is Binod Kumar Agarwal. His total stake in the company is 83.38 percent.
What does the company do?
This company was established in 2001. The company manufactures flexible bags. The company sells them in India as well as abroad. The company’s clients are companies selling agrochemicals, food, mining, agriculture, lubricants and edible oil.
