Market News
3 min read | Updated on September 10, 2024, 11:07 IST
SUMMARY
Successful bidders will be informed about the allotment through SMS and emails. Investors can check the allotment status on the NSE, BSE, and the official website of the IPO registrar, Link Intime India Private Ltd. Shree Tirupati Balajee Agro Trading Company Ltd shares are tentatively scheduled to be listed on the BSE and NSE on September 12.
Shree Tirupati Balajee Agro offers customised products and caters to the bulk packaging solutions of its clients.
The ₹169.65-crore initial public offering (IPO) of the company received strong demand from investors during the subscription period from September 5 to September 9. The mainboard issue was booked nearly 125 times.
Investors are now waiting for the finalisation of the share allotment status by the company. Successful bidders will be informed about the allotment through SMS and emails. The investors can also check the allotment status on NSE, BSE and official website of IPO registrar, Link Intime India Private Ltd.
The applicants can also check Shree Tirupati Balajee Agro Trading Company share allotment status on the NSE using the PAN and bank account details.
After the share allocation, the company will initiate refunds and credit of shares to the Demat accounts of successful bidders on September 11.
Shree Tirupati Balajee Agro Trading Company Ltd shares are tentatively scheduled to be listed on the BSE and NSE on September 12.
Shree Tirupati Balajee Agro Trading IPO price band was fixed at ₹78 to ₹83 per share. The minimum lot size was 180 shares. The minimum amount of investment required was ₹14,940 for retail investors.
Shree Tirupati Balajee Agro Trading Company IPO was booked 124.74 times at the close of bidding on September 9. Bids for 178.48 crore shares were received against 1.43 crore shares on offer.
The Retail Investors category was booked 73.22 times. Non-Institutional Investors (NIIs) portion was subscribed 210 times while qualified institutional investors’ quota was booked around 151 times.
Previously, the company raised around ₹50.9 crore from anchor investors.
Shree Tirupati Balajee Agro Trading Company manufactures and supplies large flexible bags and other industrial packaging products in the Indian domestic market and overseas.
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