Shree Tirupati Balajee Agro Trading IPO subscribed 61.72 times

9 Sep 2024 , 02:30 PM

Investors continue to show strong interest in the Shree Tirupati Balajee IPO, which has been subscribed 61.72 times. The three-day subscription window for the Shree Tirupati Balajee IPO, which began on Thursday, September 5, 2024, closes today.

According to BSE statistics, Shree Tirupati Balajee has received bidding for 88,30,70,280 shares against the company’s offer of 1,43,08,000 shares at a price band of Rs 78-83. The lot size is 180 shares. Non-Institutional Investors (NIIs) were the main bidders, bidding 141.68 times, followed by Retail Individual Investors (RIIs) at 51.68 times and Qualified Institutional Buyers (QIBs) at 21.27 times, according to BSE statistics as of 2:30 PM today.

Shree Tirupati Balajee plans to raise Rs 169.65 crore by a new issue of 14,750,000 shares and an offer for sale of 5,690,000 shares, each with a face value of Rs 10. Investors may bid for a minimum of 180 shares or multiples thereof. The minimum amount necessary for a retail investor to apply for the Shree Tirupati Balajee IPO is Rs 14,940 for one lot of 180 shares.

Following the end of the Shree Tirupati Balajee IPO subscription window, the company’s shares are expected to be assigned on Tuesday, September 10, 2024, and credited to demat accounts on Wednesday, September 11, 2024.

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