Another IPO has hit the primary market and just on first day it has been fully subscribed. That company is Plaza Wires. Besides this Valiant Laboratories is also open for subscription Plaza Wires It will remain open from 29th September to 5th October. Its price band is Rs 51 to Rs 54 per share. The […]
Even though it was a much-anticipated company and already a known name in the space, investors did not show much interest due to financial concerns
The offer will close on 3rd October, with the IPO intending to raise around Rs 152.5 crores via fresh issue of 10,890,000 equity shares.
Currently, 3 IPOs are open for subscription on the mainboard and response in them is just normal
Even though sentiment is not very positive in secondary market, IPO market is buzzing
Although company’s revenues are increasing and its operating cash flows are positive but company is in loss.
It's peers include names like Bajaj Electricals, Crompton Greaves, Havells, V-Guard among others. In last 3 years, its profit has increased from Rs 122.40 crore to Rs 189.87 crore. While revenues went up from Rs 2,505.54 crore to Rs 5,633.64 crore from FY20 to FY23.
Currently, one IPO is active on the mainboard and 5 companies are active on SME space
Russia-Ukraine war will be one of the major talking points and all the members may not agree on a joint statement in that regard
Company’s profit has increased five times in two years from Rs 5.46 crore in FY21 to Rs 25.04 crore FY23.