In the first eleven months of 2025, OFS accounted for nearly 65 percent of all IPO proceeds by value
The OFS will open on January 14 for non-retail investors and on January 15 for retail investors. The floor price has been set at Rs 22 per share.
Reports say the warrant was issued against Sabale for defaulting on a debt of about Rs 49.53 crore
As per the latest available data, the promoter currently holds a 55.85% stake in Astral.
Promoter’s personal guarantee first arose as an additional security for industrial loans made by banks and institutions in response to syphoning off funds and falsification of accounts by promoters. But over the years, it became a joke and now banks are putting in place stringent recovery systems
EBITDA jumped 14.7 percent to Rs 350.6 crore in the second quarter of this fiscal over Rs 305.8 crore in the corresponding period in the previous fiscal, CIE Automotive said on July 18.
Investors would do well to assess the identity of the promoters who are selling, their likely reasons and then take a call on what they should do