Shree Tirupati Balajee IPO opens; Check subscription details here

5 Sep 2024 , 01:23 PM

Shree Tirupati Balajee Agro Trading Company Limited has launched its IPO on September 5, 2024, with the subscription closing on September 9, 2024. The price range for the IPO has been set between ₹78 to ₹83 per equity share.

At the time of writing at 12:03 pm on September 5, 2024 on the first day of bidding, the IPO was subscribed 2.00 times in total, with the retail segment at 3.55 times and the non-institutional investor (NII) category at 1.08 times.

The company is looking to raise a total of ₹169.65 Crore through a combination of fresh equity shares and an Offer for Sale (OFS).

Prior to the IPO launch, Shree Tirupati Balajee Agro secured ₹50.89 Crore from anchor investors on September 5, 2024.

The allotment of shares is expected to take place on September 10, 2024. Link Intime India Private Limited is the appointed registrar for managing the share allotment process. The total IPO value includes ₹122.43 Crore from the fresh issuance of shares and ₹47.23 Crore from the OFS portion.

Investors can apply for the IPO in lots, with one lot containing 180 shares. PNB Investment Services Ltd and Unistone Capital Private Ltd are serving as the lead managers for the IPO. The shares will be listed on both the BSE and NSE, with the listing expected on September 12, 2024.