Shree Tirupati Balajee IPO subscribed 15 times on day 2

6 Sep 2024 , 03:31 PM

Shree Tirupati Balajee Agro Trading Company Limited’s initial public offering (IPO) debuted in India’s primary market on Thursday. The public issue will stay open for bidding until September 9, 2024, which is Monday next week. The Shree Tirupati Balajee IPO price band ranges from ₹78 to ₹83 per equity share.

The book build issue plans to collect 169.65 crore through an initial offering of fresh shares and offer for sale (OFS). Anchor investors contributed ₹50.89 crores to the first public offering on Thursday, September 5.

On day two of bidding, at 3:27 PM, the public issue had been subscribed 15.00 times, the retail component 18.93 times, the NII segment 19.82 times, and the QIB portion of the first offer 4.48 times.

PNB Investment Services Ltd and Unistone Capital Private Ltd have been named Lead Managers of the public offering.

The public issue is proposed for listing on the BSE and NSE, with the most likely share listing date of September 12, 2024.

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