The Shree Tirupati Balajee IPO listing date is today, September 12, 2024. The company’s shares will be listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
About Shree Tirupati Balajee Agro Trading Company Limited
Shree Tirupati Balajee Agro Trading Company Limited was incorporated in 2001 and manufactures Flexible Intermediate Bulk Containers (FIBCs) and other industrial packaging products ³. The company offers customized products for transportation purposes and packaging requirements to diverse industries such as chemicals, agrochemicals, food mining, waste disposal, agriculture, lubricants, and edible oil.
IPO Details
The Shree Tirupati Balajee IPO is a book-built issue of Rs 169.65 crores, consisting of a fresh issue of 1.48 crore shares aggregating to Rs 122.43 crores and an offer for sale of 0.57 crore shares aggregating to Rs 47.23 crores. The price band for the IPO was set at ₹78 to ₹83 per share, with a minimum lot size of 180 shares. The IPO opened on September 5, 2024, and closed on September 9, 2024.
Allotment and Listing
The allotment of shares was finalized on September 10, 2024, and the allotted shares were credited to demat accounts by September 11, 2024. The company’s shares will be listed on BSE and NSE on September 12, 2024.
Grey Market Premium
The shares of Shree Tirupati Balajee Agro Trading Company are commanding a grey market premium (GMP) in the price range of Rs 50 in the unlisted market.
Financial Performance
The company has shown steady growth in its financial performance, with a 16% increase in revenue and a 74% increase in profit after tax between the financial year ending March 31, 2024, and March 31, 2023.
Business Operations
The company operates five manufacturing units in Indore, Madhya Pradesh, and sources its raw materials from India and imports a portion from countries like Singapore, China, Turkey, Vietnam, and Spain.
How to Stay Updated on Shree Tirupati Balajee’s IPO
To stay informed about the latest developments regarding Shree Tirupati Balajee’s IPO, consider the following sources:
- Official company website: Check the company’s website for any announcements or press releases related to the IPO.
- Regulatory filings: Monitor SEBI’s website for any filings made by Shree Tirupati Balajee.
- Financial news outlets: Follow reputable financial news sources that cover IPOs and market trends.
- Investment advisors: Consult with financial advisors who can provide expert insights and guidance.
[Disclaimer: This article is for informational purposes only and should not be construed as investment advice in any ways. financestock.in advises its readers and viewers to consult their financial advisors before taking any money-related decisions. subscribed for a the latest updates llike a Birth Certificate Apply Online 2024 : जन्म प्रमाण पत्र ऑनलाइन आवेदन 2024
