Shree Tirupati Balajee IPO Oversubscribed 9.6 Times, Strong Investor Demand Reported

The IPO of Shree Tirupati Balajee Agro Trading Company has garnered exceptional interest from investors, with the offering oversubscribed by approximately 9.6 times. The company, which issued 1,43,08,000 shares, received a total of 13,73,44,140 bids.

Shree Tirupati Balajee Agro Trading Company specializes in the manufacturing and sale of Flexible Intermediate Bulk Containers (FIBCs), commonly known as large flexible bags, as well as other industrial packaging products such as woven sacks, woven fabric, narrow fabric, and tapes. The company serves both the Indian domestic market and international clients.

The Shree Tirupati Balajee IPO was priced across various bands from ₹78 to ₹83. At the lowest price of ₹78, the total number of bids received matched the issue size of 13,73,44,140 shares, demonstrating robust demand. However, as the price increased, the number of bids decreased, with the cut-off price of ₹83 attracting 8,21,14,380 bids.

This strong oversubscription highlights the high investor confidence in Shree Tirupati Balajee Agro Trading Company’s growth prospects. Despite the varied bid levels at different price points, the overwhelming demand of Shree Tirupati Balajee IPO indicates significant market enthusiasm for the company’s shares.