Shree Tirupati Balajee IPO News
Shree Tirupati Balajee IPO News – A new IPO, Shree Tirupati Balajee IPO, will open on 5 September 2024. There is a lot of demand for this IPO in the grey market. Its IPO size is Rs 169.65 crore. The company will issue 1.48 crore fresh shares in the market through this IPO. On the other hand, the company plans to issue 57 lakh shares under offer for sale. This IPO is opening on 5 September 2024, which is a main board IPO.
Shree Tirupati Balajee IPO Price Band
The price band of Shree Tirupati Balajee IPO has been kept at 78-83 rupees, and the lot size of 180 shares has been given to investors. For this reason, investors will have to invest only 14,940 rupees. Along with this, the company’s IPO will be closed on 9 September 2024. Shares will be allotted the following week after the IPO is closed, and the company will be listed in both these and other places.
Shree Tirupati Balajee IPO grey market situation
Shree Tirupati Balajee’s IPO has only an 8-rupee premium in the grey market, but there may be some movement until the IPO is closed. Now, we have to see what happens to this share when the IPO opens.
Who will have how many shares in Shree Tirupati Balajee’s IPO?
In the Shree Tirupati Balajee IPO, a maximum of 50% share has been kept for qualified institutional buyers. The share of retail investors has been kept at 35%, and 15% will be for non-institutional investors. Binod Kumar Aggarwal is the promoter of this company, and he has an 83.38% share.
What does the company do?
This company was started in 2001 and makes flexible bags. It also supplies its goods abroad, and its clients are companies related to mining, food, agrochemicals, lubricants, agriculture, and food oil.
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