Shree Tirupati Balajee IPO Opened Today: Did You Subscribe?

The Shree Tirupati Balajee IPO opened for bidding on September 5, 2024, and will close on September 9, 2024. Shree Tirupati Balajee’s IPO is a book-built issue of Rs 169.65 crores. The issue combines a fresh issue of 1.48 crore shares aggregating to Rs 122.43 crore and an offer for sale of 0.57 crore shares aggregating to Rs 47.23 crore.

Shree Tirupati Balajee IPO price band is set at ₹78 to ₹83 per share. The minimum lot size for an application is 180 Shares. The minimum amount of investment required by retail investors is ₹14,940.

Daily Subscription

On 1st day of bidding, Shree Tirupati Balajee IPO subscribed 6.43 times. The public issue subscribed 8.05 times in the retail category, 4.46 times in QIB, and 5.27 times in the NII category.

Grey Market Premium

Shree Tirupati Balajee IPO’s last GMP is ₹30. With the price band of ₹83.00, Shree Tirupati Balajee IPO’s estimated listing price is ₹113 (cap price + today’s GMP). The expected percentage gain/loss per share is 36.14%.

About Shree Tirupati Balajee Agro Trading Company Limited

Established in October 2001, Shree Tirupati Balajee Agro Trading Company Limited manufactures and sells Flexible Intermediate Bulk Containers (FIBCs), i.e., large flexible bags, and other industrial packaging products such as woven sacks, woven fabric, narrow fabric, and tapes in the Indian domestic market and overseas. The company offers customised products and caters to the bulk packaging needs of clients from various industries, including chemicals, agrochemicals, food, mining, waste disposal, agriculture, lubricants, and edible oil.

The company operates through subsidiaries such as Honourable Packaging Private Limited (HPPL), Shree Tirupati Balajee FIBC Limited (STBFL), and Jagannath Plastics Private Limited (JPPL).

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.