Shree Tirupati Balajee Agro Trading Company IPO subscribed 123 times on Final Day

The Initial Public Offering of Shree Tirupati Balajee Agro Trading Company Limited was subscribed 123.65 times on the final day of bidding.

The issue received bids of 1,76,91,15,600 shares against the offered 1,43,08,000 equity shares, at a price band of ₹78-83, according to the data available on the stock exchanges.

Retail Portion and Non-Institutional Investors Portion were subscribed 71.17 times and 209.78 times respectively, whereas Qualified Institutional Buyer Portion was subscribed 150.87 times.

PNB Investment Services Limited, and Unistone Capital Private Limited are the book running lead managers and Link Intime India Private Limited is the registrar to the Offer. The Equity Shares are proposed to be listed on BSE and NSE.

Company Information

Shree Tirupati Balajee Agro Trading Company Ltd is engaged in the business of manufacturing and selling Flexible Intermediate Bulk Containers (FIBCs) i.e. large flexible bags and other industrial packaging products such as woven sacks, woven fabric, and narrow fabric, tapes in the Indian domestic market and overseas.

Led by Mr. Binod Kumar Agarwal, Shree Tirupati Balajee Agro offers customized products and caters to the bulk packaging solutions of its clients from diverse industries like chemicals, agrochemicals, food mining, waste disposal industry, agriculture industry, lubricants, and edible oil by supplying FIBC products for transportation purposes and their packaging requirements.

The Company is a three-star export house, has been in operation for over 20 years and currently operates through five manufacturing units, emphasizing sustainability by reusing and recycling plastic products to lower carbon emissions.

BSE + NSE Cumulative Demand Live Link

https://www.bseindia.com/markets/publicIssues/CummDemandSchedule.aspx?ID=6735&status=L

The table below shows subscription data for all the categories of investors:

Shree Tirupati Balajee Agro Trading Company Limited Last updated on 09 Sep 2024 | 05:18:00 PM Sr.No. Category No.of shares offered / reserved No. of shares bid for No. of times of total meant for the category 1 Qualified Institutional Buyers (QIBs) 40,88,000 61,67,76,120 150.87 1(a) Foreign Institutional Investors (FIIs) - 11,10,19,140 - 1(b) Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies) - 28,46,94,840 - 1(c) Mutual Funds - 10,080 - 1(D) Others - 22,10,52,060 - 2 Non Institutional Investors(NIIS) 30,66,000 64,31,87,340 209.78 2.1 Non Institutional Investors(Bid amount of more than Ten Lakh Rupees) 20,44,000 46,08,65,340 225.47 2.1(a) Corporates - 94,72,500 - 2.1(b) Individuals (Other than RIIs) - 41,30,54,100 - 2.1(c) Others - 3,83,38,740 - 2.2 Non Institutional Investors(Bid amount of more than Two Lakh Rupees and upto 10 lakh rupees) 10,22,000 18,23,22,000 178.40 2.2(a) Corporates - 5,52,960 - 2.2(b) Individuals (Other than RIIs) - 16,48,05,840 - 2.2(c) Others - 1,69,63,200 - 3 Retail Individual Investors (RIIs) 71,54,000 50,91,52,140 71.17 3(a) Cut Off - 44,07,34,500 - 3(b) Price Bids - 6,84,17,640 - 4 Employee Reserved - - - 4(a) Employee (Cut off) - - - 4(b) Employee (Price) - - - 5 Reservation PortionShareholder - - - 5(a) RPS (Cut off) - - - 5(b) RPS (Price) - - - Total 1,43,08,000 1,76,91,15,600 123.65