Shree Tirupati Balajee's IPO Closes Today

9 Sep 2024 , 01:54 PM

Shree Tirupati Balajee’s IPO, which opened on September 5, 2024, is showing strong investor interest and has been subscribed 54.13 times. The subscription window for this IPO closes today, September 9, 2024.

The IPO is priced between ₹78 – ₹83 per share, with a minimum lot size of 180 shares. At the time of writing, the Non-Institutional Investors (NIIs) have placed bids 125.96 times the available shares. Retail Individual Investors (RIIs) have subscribed 47.82 times, while Qualified Institutional Buyers (QIBs) have subscribed 11.29 times. These figures are based on NSE data.

The IPO aims to raise ₹169.65 Crore through a fresh issue of 14,750,000 shares and an offer for sale of 5,690,000 shares, each with a face value of ₹10. Retail investors need to invest a minimum of ₹14,940 for one lot of 180 shares.

Following the closure of the subscription period, shares are expected to be allotted on September 10, 2024. They will be credited to demat accounts on September 11, 2024, and are anticipated to be listed and begin trading on both BSE and NSE on September 12, 2024.

Originally incorporated as ‘Shree Tirupati Balajee Agro Trading Company Private Limited’ in Pithampur, Dhar, Madhya Pradesh, the company specializes in manufacturing and selling Flexible Intermediate Bulk Containers (FIBCs), large flexible bags, woven sacks, woven fabric, narrow fabric, and tapes for both domestic and international markets.