Shree Tirupati Balajee Agro Trading Co. Ltd - IPO

Shree Tirupati Balajee Agro Trading Co. Ltd IPO Details

Initial public offering of 2,04,40,000 equity shares of face value of Rs. 10 each (Equity Shares) of Shree Tirupati Balajee Agro Trading Company Limited (The Company or the Issuer) for cash at a price of Rs. 83 per equity share (including a premium of Rs. 73 per equity share) (Offer Price) aggregating up to Rs. 169.65 crores. The offer comprises of fresh issue of 1,47,50,000 equity shares aggregating up to Rs. 122.43 crores (Fresh Issue) and an offer for sale of 56,90,000 equity shares by the selling shareholder aggregating Rs. 47.23 crores (Offer for Sale) (the Offer for Sale, and together with the fresh issue, the Offer). The offer constitutes 25.06 % of its post-offer paid-up equity share capital of the company.

Objective of issue

Repayment and/or prepayment in part or full of certain of its outstanding borrowings availed by the company and its subsidiaries HPPL STBFL and JPPL. Investment in its subsidiary HPPL STBFL and JPPL for repayment and/or prepayment in part or full of certain of outstanding borrowings availed. Funding incremental working capital requirements of the company. Investment in HPPL STBFL and JPPL for funding working capital requirements. General corporate purposes.

Shree Tirupati Balajee Agro Trading Co. Ltd Contact Details

Shree Tirupati Balajee Agro Trading Co. Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

Phone - 91-22-49186000

Fax - 91-22-49186060

Email - info@tirupatibalajee.net

Website - www.tirupatibalajee.net