Shree Tirupati Balajee Agro Trading, a Madhya Pradesh-based manufacturer and seller of industrial packaging solutions, has opened its initial public offering with a price band of ₹78-₹83 per share. The company is looking to raise ₹169.65 crore, with a major portion of it being a fresh issue of ₹122.43 crore. With the IPO closing on September 9, investors are keeping a close eye on the Madhya Pradesh-based company's performance.
Shree Tirupati Balajee Auto Trading Company has successfully raised ₹50.1 crore from 6 institutional investors ahead of its IPO launch. The major investors include NAV Capital Emerging Star Fund, Chanakaya Opportunities Fund I, and Next Orbit Growth Fund III who collectively invested ₹30 crore. The IPO has a fresh issue of equity shares worth ₹122.42 crore and will use the proceeds towards debt repayment, working capital requirements, and other corporate purposes.
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!