The initial public offer (IPO) of Shree Tirupati Balajee Agro Trading will open for subscription on September 5. The company has fixed a price band of Rs 78-83 for the public offer, which will close on September 9.
The IPO includes a Fresh Issue of up to 1.47 crore shares and an offer for sale (OFS) of up to 56.9 lakh shares by Binod Kumar Agarwal.
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.
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