They can check the allotment status through the BSE or by visiting the registrar’s website. Here’s how you can check the status on BSE or even on the registrar’s website.
Firstly, here’s how you can know the status on BSE
Step 1: Visit the BSE Website (https://www.bseindia.com/investors/appli_check.aspx)Step 2: Please select the issue name, that is the company’s name in the drop down.Step 3: Enter the application number or PAN number to check the allotment status.
To check the status of Shree Tirupati Balajee Agro Trading IPO allotment through the registrar, which is Link Intime India in this case, kindly follow the below steps.
Step 1: Visit the Link Intime India website (https://linkintime.co.in/initial_offer/public-issues.html)
Step 2: Select Shree Tirupati Balajee Agro Trading IPO
Step 3: Enter the PAN details and click search to know the status
Shree Tirupati Balajee Agro Trading GMP
The company’s shares are expected to get listed on the exchanges on September 12. In the unlisted market, the company’s shares are trading with a GMP of Rs 60, which translates to a premium of 17% to the issue price.
Shree Tirupati Balajee Agro Trading IPO subscription
The initial public offer (IPO) of Shree Tirupati Balajee Agro Trading, received overwhelming response from investors with an overall subscription of 124 times at close.
The proceeds from the fresh issue will be used for repayment of debt, investment in the subsidiaries HPPL, STBFL and JPPL for repaying borrowings, incremental working capital requirements, funding working capital requirements and general corporate purposes.
Shree Tirupati Balajee is engaged in the business of manufacturing and selling flexible intermediate bulk containers (FIBCs) i.e. large flexible bags and other industrial packaging products such as woven sacks, woven fabric, and narrow fabric tapes in the Indian domestic market and overseas.
The company is a market leader in FIBC and industrial packaging and boasts of strong financial performance with consistent growth and improved margins.
Its consolidated revenue from operations increased 13% to Rs 540 crore for FY24, primarily due to increase in revenues from domestic sale of products. Profit after tax rose 74% to Rs 36 in the same period.
PNB Investment Services, and Unistone Capital are the book-running lead managers, while Link Intime India is the registrar to the offer. The Equity Shares are proposed to be listed on BSE and NSE.
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