Shree Tirupati Balajee Agro Trading IPO opens for subscription. Should you bid?

Shree Tirupati Balajee Agro Trading's IPO has opened today and closes on September 9. It includes a fresh equity sale of 1.47 crore shares and an OFS of up to 56.9 lakh shares. The offer reserves 50% for qualified institutional buyers, 35% for retail investors, and 15% for non-institutional investors. Proceeds will be used for debt repayment, investments in subsidiaries, and working capital.