Shree Tirupati Balajee Agro Trading Company Limited is all set to launch its Initial Public Offering (IPO) with the price band set between ₹78 and ₹83 per share. The IPO offers an opportunity for investors to buy shares in the company, which is aiming to raise funds through this public issue. Here’s a detailed look at the upcoming IPO and what investors should expect.
The Shree Tirupati Balajee Agro Trading IPO will be available for subscription from Thursday, September 5, and will close on Monday, September 9. The IPO price band, which is the range within which shares will be offered, has been fixed between ₹78 and ₹83 per equity share. Each share is valued at ₹10.
Before the public subscription opens, the company will allocate shares to anchor investors. This allocation is scheduled for Wednesday, September 4. Anchor investors are typically large institutional investors who commit to buying a significant portion of the shares before the IPO opens to the general public. This step helps to build confidence in the IPO.
The Shree Tirupati Balajee Agro Trading IPO will allocate up to 50% of shares to Qualified Institutional Buyers (QIBs), at least 15% to Non-Institutional Investors (NIIs), and a minimum of 35% to Retail Investors.
Key Dates
Here’s a timeline of important dates related to the Shree Tirupati Balajee IPO:
- IPO Subscription Period: September 5 to September 9
- Anchor Investor Allocation: September 4
- Basis of Allotment Finalization: September 10
- Refund Initiation: September 11
- Shares Credited to Demat Accounts: September 11
- Listing on BSE and NSE: September 12
Allotment and Listing
The basis of allotment, which determines how many shares each investor will receive, will be finalized on Tuesday, September 10. Once the allotment is done, the company will begin issuing refunds to investors who were not allocated shares on Wednesday, September 11. On the same day, the shares will be credited to the demat accounts of those who have been allotted shares.
The shares of Shree Tirupati Balajee Agro Trading are expected to be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on Thursday, September 12. Listing on these exchanges means that the shares will be available for trading by the general public.
It’s crucial to conduct your own research and understand these risks before investing. Consider how much you can afford to invest and be prepared for the possibility of losses. Consulting with a financial advisor might also help in making an informed decision.
Overall, if you have an interest in agricultural businesses and are comfortable with the inherent risks, the Shree Tirupati Balajee Agro Trading IPO could present a worthwhile investment opportunity.