Shree Tirupati Balajee Agro Trading Share Price Highlights: Stock hits 5% upper circuit after listing at 8.4% premium on NSE

The money raised from the IPO will be used to repay borrowings, fund working capital requirements, invest in subsidiaries and for general corporate purposes.

• Current price: ₹94.5 (+5%)
• Open: ₹90
• High: ₹94.5
• Low: ₹90
• Issue price: ₹83

• Traded volume (Lakhs): 34.66
• Traded value: ₹31.71 crore
• Total market capitalisation: ₹770.84 crore

The non-institutional investors (NIIs) quota was subscribed 210.12 times, while the qualified institutional buyers (QIBs) portion attracted 150.87 times the subscription. The part set aside for retail individual investors (RIIs) was subscribed 73.22 times.

The initial share sale was a fresh issue of 1.47 crore shares and an offer-for-sale (OFS) of 56.90 lakh equity shares by Binod Kumar Agarwal.

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

About Shree Tirupati Balajee Agro Trading Company

Shree Tirupati Balajee Agro Trading Company offers packaging solutions. It manufactures flexible intermediate bulk containers (FIBCs) such as large flexible bags and other industrial packaging products, including woven fabric, woven sacks, narrow fabric, and tapes, for the domestic and international markets.