Earlier, the board of Oravel Stays had approved an increase in the authorised share capital of the company from Rs 1.17 crore to Rs 901 crore.
Most of its products, platforms, and solutions are digital, created in-house, and then deployed and delivered over the cloud
Proceeds from the Rolex Rings IPO would be used towards funding long-term working capital requirements as well as general corporate purposes
The IPO comprises a fresh issue of equity share of the bank worth Rs 330 crore and an offer for sale aggregating up to Rs 1,000 crore by promoter Finc
Angel Broking said if Indian investors look beyond the immediate warning signs, there is a silver lining on the horizon