The flexible intermediate bulk containers maker Shree Tirupati Balajee Auto Trading Company has raised ₹50.1 crore from 6 institutional investors on September 4 ahead opening of the IPO. The issue is now opened for subscription for all and will conclude on September 9.
The major investors of anchor book in the Madhya Pradesh-based company were NAV Capital Emerging Star Fund, Chanakaya Opportunities Fund I, and Next Orbit Growth Fund III invested ₹10 crore each.
Among the anchor investors were Saint Capital Fund, Steptrade Revolution Fund, and Astrone Capital VCC – Arven, which collectively purchased shares worth ₹20.9 crore.
In its filing to the exchanges, the company announced that it has allocated 61.32 lakh equity shares to anchor investors at a price of ₹83 per share.
The initial public offer comprises fresh issue of equity shares worth ₹122.42 crore and an offer-for-sale of shares worth ₹47.23 crore by Binod Kumar Agarwal.
The company will use fresh issue proceeds towards repayment of debt, working capital requirements and other general corporate purposes.
Related Tags
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Capital Services Support WhatsApp Number
+91 9892691696
IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.