fbpx

Shree Tirupati Balajee Agro Trading Secures ₹50.89 Crore from Anchor Investors Before IPO Launch

Shree Tirupati Balajee Agro Trading has raised ₹50.89 crore from anchor investors just before its initial public offering (IPO), which opens to the public on September 5.

The company allocated 61,32,000 shares at ₹83 each to these investors on September 4. The anchor investors include 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.

IPO Details:

  • Fresh Issue: Up to 14,750,000 shares
  • Offer for Sale (OFS): Up to 5,690,000 shares by Binod Kumar Agarwal

The IPO will run from September 5 to September 9, 2024. Shares will be priced between ₹78 and ₹83 each, with the total amount raised expected to be ₹169.65 crore if priced at the higher end.

Investors can bid for a minimum of 180 shares and additional multiples of 180 shares. The IPO will use the Book Building Process, with up to 50% of shares allocated to Qualified Institutional Buyers, at least 15% to Non-Institutional Bidders, and at least 35% to Retail Individual Bidders.

Disclaimer: The views and investment tips expressed by investment experts on Sharepriceindia.com are their own and not those of the website or its management. Sharepriceindia.com advises users to check with certified experts before taking any investment decisions.​​

We will be happy to hear your thoughts

      Leave a reply

      Share Price India News
      Logo