Sep 8, 2023
By: Katya Naidu
The IPO will open on September 8 and close on September 12.
Credit: Pixabay
The price band of initial public offer has been fixed at ₹200-211.
Credit: IANS
It’s a sewerage solution provider with water supply system, water and waste treatment plants, electrical transmission and distribution and more. Va Tech Wabag is its listed peer.
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Investors can subscribe to a minimum lot size of 70 equity shares and in multiples of 70 equity shares thereafter.
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The company intends to raise anywhere between ₹320-321 crore via the public offer. It has raised ₹96.37 crore from anchor investors.
Credit: Canva
Its revenues went up by 49 percent in FY23 from FY22 and its net profit went up by 17.8 percent in the same period.
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The company is in a capital intensive business and depends on competitive bidding to gain business. Any change in budgetary allocation to the sector can also adversely affect its business.
Credit: IANS
The grey market is expecting listing gains to the tune of 59 percent.
Credit: Pixabay
The allotment of shares is expected to be finalized on September 15, and is likely to be listed on BSE, NSE on September 21.
Credit: BCCL