The company will use net proceeds from the IPO towards payment of certain outstanding secured borrowings, funding working capital requirements and for other general corporate purposes.
72,235 Royal Enfield motorcycles were sold in the month.
The IPO comprises a of fresh issue of shares up to Rs 324 crore and an offer for sale (OFS) of up to Rs 545 crore by promoters and selling shareholders.
Based on the customary announcement of the headline provisional performance, Bharat Electronics (BHE) has managed to meet its guidance for revenues (Rs173 billion, +15% YoY) and order inflows (Rs202 billion, +5% YoY).
Analysts at IIFL Capital Services recently met Amit Bakshi, MD of Eris. Here are the key takeaways.
The issue which was available for subscription from March 20 to March 23 has seen heavy demand from investors across categories.
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