Shree Tirupati Balajee Agro Trading IPO Day 2: Issue subscribed 7.64 times so far, retail investors lead; check key details

Shree Tirupati Balajee Agro Trading Company IPO received 7.64 times subscription so far on the second day of bidding on Friday, September 6.

The ₹169.65-crore initial share sale attracted bids for 10,93,46,040 shares against 1,43,08,000 equity shares on offer, according to the consolidated data on the NSE's website.

The portion reserved for retail investors fetched 10.04 times subscription, while the quota for non-institutional investors (NIIs) got subscribed 6.30 times. The qualified institutional buyers (QIBs) category received 4.46 times subscription.

The initial public offering, which went live on September 5, will conclude on September 9. The price range has been fixed at ₹78-₹83 per share.

The public offer is a combination of a fresh issuance of 1.47 crore shares and an offer for sale (OFS) component of 56.90 lakh shares by Binod Kumar Agarwal.

The money raised will be used to invest in subsidiaries, pay off debt, support capital requirements and perform general corporate purposes.

Shree Tirupati Balajee Agro IPO: Timeline

• Subscription period: September 5 to September 9
• Allotment finalisation: September 10
• Refund initiation: September 11
• Demat transfer: September 11
• Listing: September 12

About Shree Tirupati Balajee Agro Trading Company

The company provides customised products and caters to the bulk packaging solutions of its clients from diverse industries like chemicals, food mining, agrochemicals, agriculture industry, lubricants, waste disposal industry and edible oil by supplying FIBC products for transportation purposes and their packaging requirements.