Shri Tirupati Balaji Agro Trading Company Limited IPO is scheduled to be listed on September 12, i.e. today. Shri Tirupati Balaji IPO opened for subscription on September 5 and closed on September 9. Shri Tirupati Balaji shares are set to be listed on both stock exchanges, BSE and NSE, today. Shri Tirupati Balaji shares will be in the trade for trading segment for 10 business days and will be part of a special pre-open session today. Shri Tirupati Balaji stock will be available for trading from 10:00 am.
A notice issued on the BSE said, “Trading members of the exchange are hereby informed that the equity shares of Sri Tirupati Balaji Agro Trading Company Limited will be listed and admitted for transactions in the ‘T’ Group of Securities on the Exchange from Thursday, September 12, 2024.”
What is the position in the gray market
The grey market trends today indicate a good opening for the shares ahead of Shri Tirupati Balaji share listing. Market experts expect a great listing of Shri Tirupati Balaji shares today. The grey market trends indicate a strong listing for Shri Tirupati Balaji shares. The grey market premium today is ₹22 per share ahead of listing. That is, Shri Tirupati Balaji shares are trading ₹22 higher than their issue price in the grey market.
What will be the listing price: Shri Tirupati Balaji share listing price is ₹105 per share, which is at a 27% premium to the IPO price of ₹83 per share.
Shri Tirupati Balaji IPO Details
The subscription period for the Shri Tirupati Balaji IPO was from September 5 to September 9. The IPO allotment was finalised on September 10. The company raised Rs 169.65 crore from the book-built issue, which was a combination of a fresh issue of 1.48 crore equity shares aggregating Rs 122.43 crore and an offer for sale of 56.90 lakh shares aggregating Rs 47.23 crore. The price band for the Shri Tirupati Balaji IPO was Rs 78 to Rs 83 per share.
subscribed 124.74 times
Shri Tirupati Balaji IPO was subscribed a total of 124.74 times. The public issue was booked 73.22 times in the retail category, 150.87 times in the Qualified Institutional Buyers (QIB) category and 210.12 times in the Non-Institutional Investors (NII) category.