Shree Tirupati Balaji Agro Trading, a leading industrial packaging products manufacturer, will launch its initial public offering (IPO) on September 5th for a total of Rs. 169.65 crore. The IPO will consist of an offer-for-sale portion of Rs. 47.23 crore and a fresh issue of Rs. 122.43 crore. The price band for the IPO is set at Rs. 78 to Rs. 83 per share and retail investors can bid for up to 180 shares for a minimum of 1 lot. The company has reserved 50% of the net offer for Qualified Institutional Buyers, 35% for retail investors, and 15% for non-institutional investors. Don't miss out on this opportunity to invest in the growing SME IPO market!
Shree Tirupati Balajee IPO: A Lucrative Investment Opportunity in the Industrial Packaging Sector
Background
Shree Tirupati Balaji Agro Trading is a prominent manufacturer of industrial packaging products in India. The company caters to a wide range of industries, including food, beverages, pharmaceuticals, and chemicals. With over two decades of experience, Shree Tirupati Balajee has established a strong presence in the domestic market and is expanding its reach globally.
Initial Public Offering (IPO)
In a significant move, Shree Tirupati Balajee is launching its initial public offering (IPO) on September 5th, 2023. The IPO comprises:
The price band for the IPO is set at Rs. 78 to Rs. 83 per share. Retail investors can bid for up to 180 shares for a minimum of 1 lot.
Key Highlights
Top 5 FAQs
1. What is the objective of the IPO?
Answer: To raise capital for expansion, working capital requirements, and general corporate purposes.
2. Who are the lead managers of the IPO?
Answer: JM Financial and Yes Securities.
3. When is the IPO launch date?
Answer: September 5th, 2023.
4. What is the price band for the IPO?
Answer: Rs. 78 to Rs. 83 per share.
5. Is there any reservation for retail investors in the IPO?
Answer: Yes, 35% of the net offer is reserved for retail investors.
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