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

By Upstox News Desk

3 min read | Updated on September 12, 2024, 15:41 IST

SUMMARY

Shree Tirupati Balajee Agro Trading Share Price: The IPO 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.

Shree Tirupati Balajee Agro Trading Company offers packaging solutions.

Shree Tirupati Balajee Agro Trading Share Price Live Update at 2:53 pm: Shares of Shree Tirupati Balajee Agro Trading Company also hit 5% upper circuit to ₹97.54 apiece on BSE after listing at an 11.9% premium.

Shree Tirupati Balajee Agro Trading Share Price Live Update at 1:22 pm: How will the company use IPO proceeds?

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

Shree Tirupati Balajee Agro Trading Share Price Live Update at 12:10 pm: Price information

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

Shree Tirupati Balajee Agro Trading Share Price Live Update at 11:28 am: Trading stats

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

Shree Tirupati Balajee Agro Trading Share Price Live Update at 10:40 am: The market capitalisation of the company stands at ₹770.84 crore.

Shree Tirupati Balajee Agro Trading Share Price Live Update at 10:05 am: Following listing at an 8.4% premium on the NSE, Shree Tirupati Balajee Agro Trading Company shares hit their 5% upper circuit and traded at ₹94.5 per share.

Shree Tirupati Balajee Agro Trading Share Price Live Update at 9:58 am: Shree Tirupati Balajee Agro Trading Company shares made a decent debut, listing at ₹90 per share on the National Stock Exchange (NSE) at a premium of 8.4% over the issue price of ₹83. The stock opened at ₹92.9, up 11.9%, on the BSE.

Shree Tirupati Balajee Agro Trading IPO Listing Live Update at 9:24 am: Shares of Shree Tirupati Balajee Agro Trading Company will be listed on the BSE and the NSE on Thursday at 10 am.

Shree Tirupati Balajee Agro Trading IPO Listing Live Update at 9:10 am: Financials

Particulars	FY22	FY23	FY24
Revenue	₹444 crore	₹475 crore	₹539 crore
Net Profit	₹13.6 crore	₹20.7 crore	₹36 crore

Shree Tirupati Balajee Agro Trading IPO Listing LIVE: Shree Tirupati Balajee Agro Trading Company shares will be listed on the National Stock Exchange (NSE) and the BSE on Thursday, September 12.

The ₹169.65 crore initial public offering (IPO) was subscribed 124.74 times during the bidding period.

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.

Shree Tirupati Balajee Agro Trading IPO, which had set a price range of ₹78-₹83 per share, was live from September 5 to September 9.

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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.

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About The Author

Upstox News Desk is a team of journalists who passionately cover stock markets, economy, commodities, latest business trends, and personal finance.

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

About Shree Tirupati Balajee Agro Trading Company

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