Shree Tirupati Balajee IPO Shines: Lists at ₹90 on NSE, ₹92.9 on BSE with Strong Premium!Shree Tirupati Balajee IPO Shines: Lists at ₹90 on NSE, ₹92.9 on BSE with Strong Premium!

Shree Tirupati Balajee Agro Trading made a solid market debut today, listing at ₹90 on NSE, an 8.4% premium over its IPO price of ₹83. On BSE, shares debuted at ₹92.9, marking an 11.93% premium from the issue price.

Shree Tirupati Balajee Agro Trading Company Limited IPO saw huge investor interest on Day 3 with a total subscription of 124.74x. Qualified Institutional Buyers subscribed 150.87x, Non-Institutional Investors 210.12x, and Retail Individual Investors led with a subscription of 73.22x, reflecting high investor interest.

Shree Tirupati Balajee Agro Trading Company Limited manufactures FIBCs and industrial packaging products, serving various industries globally. Their customised, rigorously tested products ensure safety and durability. Innovation is driven by an in-house R&D team with one patent granted and two pending. They prioritise sustainability with plastic recycling and a 2 MW solar power plant for cost-efficient production.

Shree Tirupati Balajee Agro Trading aims to repay ₹31.45 crore in borrowings, invest ₹20.82 crore in subsidiaries, allocate ₹1930 crore for working capital, and fund strategic initiatives for growth and expansion.