Shree Tirupati Balajee Agro Trading announces IPO dates, price band. Check details
IPO) of Shree Tirupati Balajee Agro Trading will open for subscription on September 5. The company has fixed a price band of Rs 78-83 for the public offer, which will close on September 9.
The IPO includes a Fresh Issue of up to 1.47 crore shares and an offer for sale (OFS) of up to 56.9 lakh shares by Binod Kumar Agarwal.
In the IPO, Investors can bid for a minimum of 180 equity shares and in multiples thereafter. At the upper end, the company plans to raise nearly Rs 170 crore.
The proceeds from the fresh issue will be used for repayment of debt, investment in the subsidiaries HPPL, STBFL and JPPL for repaying borrowings, incremental working capital requirements, funding working capital requirements and general corporate purposes.
The offer is being made through the book building process, wherein about 50% is reserved for allocation to qualified institutional buyers, 15% to non-institutional investors and 35% to retail investors.
Jeyyam Global Foods IPO: Check issue size, price band, GMP among other details
Shree Tirupati Balajee 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.
The company 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,
