The company has set the IPO price in the range of ₹162-171 per share for its ₹235 Crore issue.
The public offering, opening for subscription on February 27th and closing on February 29th
The qualified institutional buyer (QIB) category, however, received minimal subscription at 0.02 times.
The company plans to establish 120 depots covering all cities and one lakh people by July, expanding to an additional 50,000 people by the end of 2024
The coming week will be dominated by India GDP, core sector and fiscal deficit data.
Companies having exposure to the Discretionary segment (Dyes, Pigments and Polymers) performed better.
The management has laid out an ambitious target of Rs.100bn in third year of full scale operations
The remarks coincide with industry participants placing large bets on the ornamental cement market
The paint manufacturing facilities owned by the Birla Group are situated at Cheyyar (Tamil Nadu), Panipat (Haryana), and Ludhiana (Punjab).
Companies invested the incremental gross profit in their marketing spend in Q3 keeping festive season in mind.
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