Aug 30, 2023
By: Katya Naidu
Credit: Canva
The IPO will open on August 30 and close on September 1.
Credit: IANS
It has fixed the IPO price band at ₹418-441 per equity share.
Credit: IANS
Investors can bid for a minimum of 34 shares and in multiples of 34 shares thereafter.
Credit: Pixabay
The company intends to raise anywhere between ₹469-490.7 crore. The net proceeds from the fresh issue will be utilised towards the expansion of its Nashik facility.
Credit: IANS
The company offers energy efficiency solutions like automation, metering and measurement, precision engineered products and others to industries like power, automotive and industrial sectors.
Credit: Pixabay
In the last financial year, its income grew 21 percent to ₹569.5 crore in FY23 from ₹470.2 crore in FY22.
Credit: IANS
Its profit after tax remained flat at ₹49.7 crore in FY23 as compared to ₹49.6 crore the year before.
Credit: Pixabay
It lists withdrawal of financial benefits to its Nashik manufacturing facility, related party transactions, dependence on promoter’s personal guarantees as risk factors.
Credit: Pixabay
The grey market is expecting listing gains to the tune of 17 percent for the company.
Credit: IANS