Half of the IPO is reserved for Qualified Institutional Buyers (QIBs), who bid for only 2% of their allotted shares.
In the second quarter, the company's sales bookings exceeded Rs 2,228 crore, with gross margins standing at 57%. It added that throughout the quarter, it became net cash positive.
Recommendation: Add; Target Price: Rs 1150
The entire revenue of the renewable power company increased by 54% year over year to Rs 2,589 crore in Q2FY24 from Rs 1,107 crore in the same period the previous year.
Between June 15 and June 23, the USFDA conducted an examination and discovered issues with the company's Pithampur, Indore, and Ratlam facilities.
The reserved section for employees achieved full subscription, standing at 1.41 times.
In the September quarter, HUL spent Rs 1,720 crore on advertising and promotion costs, a 65% increase over the previous year.
The company disclosed in a regulatory filing on October 30 that it received a transfer pricing order from the Income Tax Authority, which imposed a Rs 170-crore income tax liability for the assessment year 2021-22.
Recommendation: Add; Target Price: Rs 200
The proposed merger between the Indian media company and Culver Max Entertainment, the local division of Sony Group Corp. in Japan, may have accelerated as a result of the SAT's verdict (Sony Pictures).

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