In 2022, most Auto stocks (except the ones with global exposure) outperformed broad markets. Volume growth was strong across segments (9%-44%) and there is expectation of margin improvement, as operating leverage and lower commodity prices kick in.
This order is to be executed over a period of next 5 years.
The company distributes wines under a bouquet of popular brands such as Sula, Dindori, RASA, Madera & Dia, etc.
The port will be used to export approximately 20,000 cars per year.
The Rs 1500 crore IPO is fully an offer for sale and the company will not receive any net proceeds from the issue.
As per DRHP, the IPO comprises fresh issue of equity shares worth Rs 350 crore and an offer for sale of 75,00,000 shares by promoters.
Asentec is a leading global supplier of Automotive sensors and actuators,
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