Shree Tirupati Balajee Agro IPO: The initial public offering (IPO) of Shree Tirupati Balajee Agro Trading Company Limite was subscribed over six times on the first day of its issue. The mainboard IPO of the leading domestic flexible intermediate bulk container (FIBC) manufacturer opened for subscription on Thursday, September 5, and will close on Monday, September 9.
Shree Tirupati Balajee Agro Trading IPO offers 20,440,000 equity shares as part of the public issue. The company has reserved not more than 50 per cent of the shares for qualified institutional buyers (QIB), not less than 15 per cent for non-institutional Institutional Investors (NII), and not less than 35 per cent of the offer is reserved for retail investors.
Shree Tirupati Balajee Agro IPO Subscription Status
On the first day of issue, Shree Tirupati Balajee Agro IPO was subscribed 6.36 times. The portion reserved for retail investors was booked 7.93 times, the NIIs portion was booked 5.25 times, and the portion reserved for QIBs was booked 4.46 times. The IPO received 9,10,26,900 share applications against 1,43,08,000 shares offered on Thursday.
