The price band for the IPO is set at ₹1,865 to ₹1,960 per share, with a minimum bid of 7 equity shares.
The company's net profit for the quarter increased 20% year on year to ₹98 Crore, up from ₹82 Crore in the previous period.
This comes after competing private equity firms TPG Capital, Apax Partners, and KKR withdrew their original interest.
In addition, by the conclusion of the second quarter, the company recorded a pending order book of roughly ₹3,847 Crore.
The company hence decided to defer this issue and look at a better time in the second or third week of November or or mid-January.
As of September 30, the company has an order book of ₹22,500 Crore and an order pipeline for shipbuilding projects of ₹7,820 Crore.
The rise is explained by the ongoing demand for air travel, even though there are still supply issues with planes.
The construction timeline is 30 months, and PNC Infra negotiated the bid from an initial ₹2,486 Crore.
Despite the ban in the F&O segment, these stocks are still available for trading in the cash market.
According to the filing, the facility arrangement was entered into to cover the VRL Group's cash flow requirements.
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