New Delhi: Shree Tirupati Balajee IPO, a book built issue of Rs 169.65 crore, will open for subscription on September 5, 2024 and close on 9th September. The IPO comprises a combination of fresh issue of 1.48 crore shares worth Rs 122.42 crore. Promoter Binod Kumar Agarwal has offered an offer-for-sale of 56.9 lakh equity shares worth Rs 47.23 crore.
Shree Tirupati Balajee IPO price band is fixed in the range of Rs 78 to Rs 83 per share. The investors are required to apply for a minimum lot size of 180 shares for which minimum amount of investment is Rs 14,940. Non-Institutional Investors (NIIs) are mandated for a minimum lot size of 14 lots and for bNII, it is 67 lots.
Shree Tirupati Balajee IPO GMP, price
As per investorgain, Shree Tirupati Balajee IPO GMP stands at Rs 21. With the price band set in the range of Rs 78-83, the shares are expected to be listed at a premium of around 25 per cent. It may be noted that GMP are not official figures.
At least 50 per cent of Shree Tirupati Balajee IPO issue is reserved for Qualified Institutional Buyers (QIBs), 35 per cent for retail investors, and 15 per cent for Non-Institutional Investors (NIIs).
Shree Tirupati Balajee IPO allotment, listing
Shree Tirupati Balajee IPO allotment is expected to take place on September 10, 2024, while the initiation of refunds process is likely to start on 11th September. The shares are expected to be credited to the demat accounts of eligible shareholders on September 11. The shares of Shree Tirupati Balajee will list on BSE, NSE with a tentative fixed for 12th September.
Shree Tirupati Balajee IPO book running lead managers: Pnb Investment Services Ltd and Unistone Capital Pvt Ltd. Link Intime India Private Ltd is the registrar for the issue.
The company is engaged in the business of manufacturing and selling Flexible Intermediate Bulk Containers (FIBCs). It manufactures Woven Sacks, Woven Fabric / Rolls, Container Liners and Mulch Film.
(Disclaimer: This article is only meant to provide information. News9 does not recommend buying or selling shares or subscriptions of any IPO and Mutual Funds.)
Shree Tirupati Balajee IPO will open for subscription on September 4, 2024. The Shree Tirupati Balajee IPO GMP indicates that the shares are likley to be listed with 25 per cent gains. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
