The issuance of observation letter means the company can raise funds by launching its IPO within the next one year, as per SEBI.

SEBI Approves IPOs Of Northern Arc Capital And Shree Tirupati Balajee Agro

Mumbai Northern Arc Capital and Shree Tirupati Balajee Agro Trading IPOs approved by SEBI, with key details revealed.

Northern Arc Capital and Shree Tirupati Balajee Agro receive SEBI nod for IPO launch

The public offers of Northern Arc Capital and Shree Tirupati Balajee Agro Trading were approved by the capital markets regulator Sebi, according to the filings.

Sebi approves IPOs of Northern Arc Capital and Shree Tirupati Balajee Agro Trading

Shree Tirupati Balajee Agro Trading Company IPO | The 2.04 crore shares IPO comprises a fresh issue of 1.47 crore equity shares by the company, and an offer-for-sale (OFS) of 56.9 lakh shares by promoter Binod Kumar Agarwal.

Shree Tirupati Balajee Agro Trading Company refiles draft papers with higher IPO size

Both the companies’ proposed IPOs are a combination of a fresh issue of equity shares and an offer for sale (OFS) by promoters.

Stallion India Fluorochemicals, Shree Tirupati Balajee Agro Trading File IPO Papers With SEBI

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Shree Tirupati Balajee FIBC Limited is engaged in manufacturing and supply of high density polyethylene (HDPE).