Shree Tirupati Balajee Agro Trading Company Limited IPO GMP

Shree Tirupati Balajee Agro Trading Company Limited is one of the strongest manufacturers and suppliers of FIBC in the Indian domestic market and one of the fastest growing exporters. STB is the preeminent destination for world-class FIBC (flexible intermediate bulk container) products and solutions customized to the bulk packaging requirements of a wide range of discerning global customers.

Shree Tirupati Balajee, an Book Built Issue amounting to ₹169.64 Crores, consisting an Fresh Issue of 14.75 Lakh Shares worth ₹122.42 Crores and an Offer for Sale of 5.69 Lakh Shares totaling to ₹47.22 Crores. The subscription period for the Shree Tirupati Balajee IPO opens on September 05, 2024, and closes on September 09, 2024. The allotment is expected to be finalized on or about Wednesday September 11, 2024, and the shares will be listed on the BSE NSE with a tentative listing date set on or about Thursday September 12, 2024.

The Share price band of Shree Tirupati Balajee IPO is set at ₹78 to ₹83 equity per share, with a minimum lot size of 180 shares. Retail investors are required to invest a minimum of ₹14,940, while the minimum investment for High-Net-Worth Individuals (HNIs) is 14 lots (2,520 shares), amounting to ₹209,160.

PNB Investment Services Limited andUnistone Capital Private Limited are the book-running lead manager, Link Intime India Private Limited is the registrar for the Issue. 

Shree Tirupati Balajee Agro Trading Company Limited IPO GMP Today
The Grey Market Premium of Shree Tirupati Balajee Agro Trading Company Limited IPO is expected in the range of ₹30 to ₹35 based on the financial performance of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.

Shree Tirupati Balajee Agro Trading Company Limited IPO Live Subscription Status Today
As of 06:15 PM on 09 September 2024, the Shree Tirupati Balajee Agro Trading Company Limited IPO live subscription status shows that the IPO subscribed 124.74 times on its Last day of subscription period. Check the Shree Tirupati Balajee Agro Trading Company Limited IPO Live Subscription Status Today at BSE.

Shree Tirupati Balajee Agro Trading Company Limited IPO Allotment Status
Shree Tirupati Balajee IPO allotment date is 11 September, 2024, Wednesday. Shree Tirupati Balajee IPO Allotment will be out on 6th August 2024 and will be live on Registrar Website from the allotment date. Check Shree Tirupati Balajee Agro Trading CompanyLimited IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select Shree Tirupati Balajee Agro Trading Company Limited IPO from the dropdown list of IPOs.
- Enter your application number, PAN, or DP Client ID.
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.

Objectives of Shree Tirupati Balajee Agro Trading Company Limited IPO
Shree Tirupati Balajee Issue Proceeds from the Fresh Issue will be utilized towards the following objects : 
1. ₹3,145.36 Lakhs is required for Repayment and/or prepayment, in part or full, of certain of their outstanding borrowings availed by their Company. 
2. ₹2,082.14 Lakhs is required for Investment in their subsidiaries HPPL, STBFL and JPPL for Repayment and/or prepayment, in part or full, of certain of outstanding borrowings availed 
3. ₹1,350.00 Lakhs is required for Funding the incremental working capital requirements of their Company; 
4. ₹1,074.00 Lakhs is required for Investment in their subsidiaries HPPL, STBFL and JPPL for funding working capital requirements and 
5. General corporate purposes.

Refer to Shree Tirupati Balajee Agro Trading Company Limited RHP for more details about the Company.