Shree Tirupati Balajee Agro Trading CompanyHe said on Wednesday that he has raised ₹50.89 crore from anchor investors ahead of its initial public offering which opens for public subscription on Thursday, September 5.
According to the stock exchange filing, the company has allotted 61,320,000 equity shares to ₹83 per share on Wednesday, September 4, to anchor investors.
The institutions participating in the anchor were NAV Capital VCC – NAV Capital Emerging Star Fund, Chanakaya Opportunities Fund I, Next Orbit Growth Fund III, Saint Capital Fund, Steptrade Revolution Fund and Astorne Capital VCC – Arven.
Shree Tirupati Balajee Agro Trading IPO Details
He IPO includes a fresh issue of up to 14,750,000 equity shares and an offer for sale (OFS) of up to 5,690,000 equity shares by Binod Kumar Agarwal.
The Company plans to launch its initial public offering (the “Offering”) of Equity Shares on Thursday, September 5, 2024, with the subscription period closing on Monday, September 9, 2024. The price band for the Offering has been set between ₹78 and ₹83 per share of capital.
At the upper end of the price band, the IPO is expected to increase ₹169.65 crore.
Investors may submit bids for a minimum of 180 equity shares and in multiples of 180 shares thereafter.
The Offering will be conducted through the Book Construction Process, with no more than 50% of the shares allocated to Qualified Institutional Buyers, at least 15% to Non-Institutional Bidders and at least 35% to Retail Individual Bidders.
Disclaimer:
The information contained in this post is for general information purposes only. We make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the post for any purpose.
We respect the intellectual property rights of content creators. If you are the owner of any material featured on our website and have concerns about its use, please contact us. We are committed to addressing any copyright issues promptly and will remove any material within 2 days of receiving a request from the rightful owner.