The ban results from the derivative contracts of these stocks exceeding the 95 % MWPL threshold
Based in Mumbai, the company competes with renowned brands like Milton, La Opala, and Borosil. It enjoys support from ICICI Venture, the alternative investment arm of ICICI Bank.
The IPO will encompass a fresh issue of Rs 500 crore along with an offer-for-sale involving up to 8.05 million shares from existing shareholders and promoters.
The firm's initial public offering (IPO) consists of two components: a fresh issue amounting to a total of Rs 215 crore and an offer for sale comprising up to 8,700,000 equity shares, which will be sold by existing shareholders.
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The IPO encompasses a fresh issue of Rs 400 crore along with an offer for sale of up to 13.07 million shares from existing shareholders and promoters.
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The company operates across 10 production facilities in India and one in Fujairah, United Arab Emirates, reflecting its strategic geographical reach
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