• Source:JND
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The initial public offer of Shree Tirupati Balajee Agro Trading Company and SME public offering of Namo eWaste Management are getting a lot of interest from investors. The Shree Tirupati Balajee Agro issue received 6.36 times the subscription on the first day of bidding on Thursday, while Namo eWaste Management public offering got 32.47 times the subscription on day 2 of bidding (Till 4:30 PM)

Tirupati Balajee Agro Trading IPO Subscription status

According to NSE data, bids for 9,09,66,420 shares were received against 1,43,08,000 shares offered in the initial share sale worth about Rs 170 crore.

The portion reserved for retail individual investors (RIIs) received a subscription of 7.92 times, while the quota of non-institutional investors received a subscription of 5.25 times. For Qualified Institutional Buyers (QIB), the category is subscribed 4.46 times.

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The initial public offering (IPO) will close on September 9th. Sri Tirupati Balaji Agro Trading Company Limited has fixed a price band of Rs 78-83 per share for its initial share sale.

The IPO has a fresh issue of 1.47 crore equity shares and an offer for sale (OFS) of up to 56.90 lakh equity shares by Vinod Kumar Agarwal. The proceeds from the fresh issue will be used to repay debt, invest in subsidiaries, support capital requirements, and for general corporate purposes.

Namo e-waste management IPO Subscription status

Namo Waste Management Ltd’s initial public offer received a 32.47 times subscription, receiving bids for 13,00,70,400 shares against the 40,06,400 shares offered on the second day of bidding (as of 4:30 pm on Thursday).

The Rs 51.20 crore SME IPO was launched on Wednesday and the issue price band has been fixed at Rs 80-85 per share.

The category for non-institutional investors was subscribed 25.28 times, while the segment for retail individual investors (RII) was subscribed 48.95 times. The QIB category got subscriptions 9 times.

The IPO will close on September 6. The shares are expected to be allotted on September 9, while the listing will take place on September 11.

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