The company will use proceeds from the fresh issue towards working capital requirements and general corporate purposes.
If domestic CPI trajectory broadly proceeds along RBI’s projections, we believe that repo rate at 6.5% should provide sufficient disinflationary force to nudge inflation towards RBI’s target level.
The venture aims to cater to discerning consumers seeking design-led, bespoke, and high-quality jewelry.
The Noida-based IKIO Lighting manufactures light-emitting diode (LED) lighting solutions was incorporated in the year 2016 and is primarily an original design manufacturer (ODM).
The business will be set up under a new venture ‘Novel Jewels Ltd.'
The Wonderla Holidays Ltd stock has delivered a return of 62.15 % over the past five years.
Multibagger Stock Declares Rs 3 per Share Final Dividend for Shareholders
According to Aditya Birla Capital Ltd., the preferential issuance would take place at a cost of Rs 165.1 per equity share and is pending approval from shareholders.
The floor price for the two-day OFS is set at ₹225 per share.
Recommendation: Add; Target Price: Rs 165