Shree Tirupati Balajee IPO: Shree Tirupati Balajee was listed at Rs 90 on the National Stock Exchange, a premium of 8.4% to the issue price. The issue was opened on September 05 and closed on September 09.
Shree Tirupati Balajee GMP
The shares of Shree Tirupati Balajee were fetching a premium of 32% in the grey market. It is an unofficial place where shares trade illegally ahead of listing.
Shree Tirupati Balajee IPO Details
The company raised a sum of Rs 170 crore, through a combination of fresh capital and an offer for sale. The allotment of shares was finalized on September 10. The company kept the IPO price band in a range of Rs 78 to Rs 83 per equity share. A retail buyer had to subscribe to at least one lot that contained 180 shares. Meanwhile, the minimum amount required for small and big NIIs was different.
About Shree Tirupati Balajee
Shree Tirupati Balajee Agro Trading Company is a manufacturer and seller of flexible intermediate bulk containers, i.e., large flexible bags, and other industrial packaging products such as woven sacks, woven fabric, narrow fabric, and tapes in the Indian domestic market and overseas. Also, the company offers customized products and caters to the bulk packaging needs of clients from various industries, including chemicals, agrochemicals, food, mining, waste disposal, agriculture, lubricants, and edible oil.
BRLMs and Registrar
PNB Investment Services and Unistone Capital were the book-running lead managers of the IPO, while Link Intime India managed the work of the registrar.