The company has priced the IPO in a band of ₹760 to ₹800 per share.
Revenue for the quarter came in at ₹1,308 crore, up 57% from the corresponding period last year, driven by strong project execution.
Proceeds from the fresh issue are intended to fund the purchase of new machinery, reduce debt, support working capital requirements, and cover general corporate expenses.
The company posted total bookings worth $4.97 billion, marking a 24.1% rise over the prior quarter.
EBITDA came in at ₹36.8 crore. This is marking a 34.3% drop from the year-ago period.
The project includes the construction of a 26.672-km long bypass. The project has an approximate value of ₹290.23 Crore.
The EBITDA margin came in at 41.5%, down from 43.25% in the previous quarter.
The company is doing an IPO to strengthen its balance sheet and fund capex.
As per the company’s filing, the other order components include active antenna array units, seekers, target acquisition, etc.
On July 25, Sensex and Nifty, extended their losing streak and hit their lowest levels in over a month.
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