Auto Sector

The book-built issue has been priced in the range of Rs 102-108 per share.

The company is using AI and analytics through ‘AmaZing’, Smile Stores and e-b2b portal ‘Dentist First’ to drive growth. With Ebitda margin exceeding 30%, analysts of IIFL Capital Services believe that the focus to be more on the top-line growth to drive profits.

Analysts of IIFL Capital Services see FY24 distribution to be flat YoY, with rental income increases being offset by higher interest outflow.

The start date for subscription to the public issue was not specified in the company's regulatory filing.

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The company argued that, because the shareholders' permission was obtained in compliance with applicable regulations, the imposition of a fine by BSE and NSE is unlawful.

Currently, a sizeable amount of e-waste is shipped to other countries due to the absence of efficient metal extraction and refining technology domestically.

The final issue price was established at Rs 197 per share, resulting in a market capitalization of Rs 8,746 crore based on the issue price.

Brent crude had down 17 cents, or 0.2%, to $83.86 per barrel, while U.S. West Texas Intermediate crude had fallen 8 cents, or 0.1%, to $79.56 per barrel.

Katz spent nine years working for the company before he was fired because he was idle and had no other work to do.