Shree Tirupati Balajee Agro Trading shares surged 5% to ₹99.22 on the NSE, marking the second consecutive day the stock hit its upper circuit.
The company, listed on September 12, initially debuted at ₹90, 8.4% above its issue price of ₹83, and closed at ₹94.5. Its market capitalisation stands at ₹809.35 crore. The IPO, which raised nearly ₹170 crore, was subscribed 124.74 times. Proceeds will be used for debt repayment and investment in subsidiaries. The company specializes in manufacturing packaging products like FIBCs and woven sacks.