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Tirupati Balaji Agro Trading, a company specializing in industrial packaging products, has delivered impressive returns to its IPO investors. The company's shares made their debut on the stock exchange on Thursday, trading with a premium of over 8% right from the start. The company’s stock listed at ₹90 on the Bombay Stock Exchange (BSE), representing an 8.4% premium over the IPO’s upper price band of ₹83. On the National Stock Exchange (NSE), the shares listed at ₹92.90, reflecting an 11.93% premium. This initial premium means investors saw immediate gains of over 8% upon listing. The IPO, which opened on September 5 and closed on September 9, raised ₹169.65 crore. Each lot consisted of 180 shares, requiring a minimum investment of ₹14,940. With the stock listing at ₹90 on the NSE, the value of a lot rose to ₹16,200, giving investors a profit of ₹1,260 per lot. Founded in 2001, Tirupati Balaji Agro Trading manufactures a range of industrial packaging products, including flexible intermediate bulk containers, large flexible bags, woven sacks, woven fabric, narrow fabric, and tapes. The company operates through subsidiaries like Honorable Packaging Pvt Ltd, Tirupati Balaji FIBC Ltd, and Jagannath Plastics Pvt Ltd. The company had stated in its IPO draft that the funds raised would be used to repay existing debt and invest in subsidiaries. Additionally, a portion of the funds would support working capital requirements. The IPO saw a massive response, with a subscription rate of approximately 125 times. The Qualified Institutional Buyer (QIB) category was subscribed 150.87 times, the Non-Institutional Investor (NII) category 210.12 times, and the Retail category 73.22 times.