Shree Tirupati Balajee Agro IPO opens tomorrow - Check details

The initial public offer (IPO) of  Shree Tirupati Balajee AgroTrading Company Limited will open for subscription tomorrow i.e. September 5, 2024. The company is aiming to raise Rs 169.65 crores at the upper band through this IPO, with shares set to be listed on the BSE and NSE platforms.

Shree Tirupati Balajee Agro IPO Subscription Dates

The IPO opens for subscription tomorrow and will close on September 9, 2024.

Shree Tirupati Balajee Agro Issue Size

The Issue Size is Up To 2,04,40,000 including 1,47,50,000 Fresh Issue equity shares and 56,90,000 Offer for Sale at a face value of Rs 10 each.

Shree Tirupati Balajee Agro Price Band

The price band is Rs 78 to Rs 83 per equity share of the face value of Rs 10.

Shree Tirupati Balajee Agro Lot Size

180 shares is the minimum lot size required for an application.

Shree Tirupati Balajee Agro Book Running Lead Managers

The Book Running Lead Managers to the Issue are PNB Investment Services Limited & Unistone Capital Private Limited. 

Shree Tirupati Balajee Agro Registrar

The Registrar to the Issue is Link Intime India Private Limited.

The net proceeds from the IPO will be used to partially or fully settle certain outstanding borrowings, funding the additional working capital needs of the company, and addressing general corporate purposes. 

Shree Tirupati Balajee Agro Trading Company is engaged in the business of manufacturing and selling Flexible Intermediate Bulk Containers (FIBCs) such as large flexible bags and other industrial packaging products, including woven sacks, woven fabric, and narrow fabric tapes, in the Indian domestic market and overseas markets.