TML originally issued 'A' Ordinary shares in 2008, followed by another QIP in 2010.
Counteroffers must be 5% greater than the anchor offer of Rs 1,220 crore, according to the lenders' requirements.
Recommendation: Buy; Target price: Rs 1750
Recommendation: Buy; Target price: Rs 1650
The price band for the IPO has been fixed at Rs 285 to Rs 300 per equity share.
Improved economic conditions and increased purchasing power in rural areas contributed to the surge in demand.
Consumer prices increased 0.8% in the June quarter, below expectations of 1.0% and the lowest increase since the third quarter of 2021, according to Australian data.
With the receipt of this order, the company's order book stands at Rs 1,955 crore as of date.
Although it climbed by almost 7% YoY to Rs 9,182.31 crore, the total revenue from operations fell short of the expected Rs 9,358 crore.
Its profit after tax (PAT) margin increased sequentially by 195 bps to 5.7%, while its EBITDA margin increased sequentially by 97 bps to 21.1%.

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