Ashoka Buildcon Ltd works in the construction and infrastructure facilities sectors, using both the EPC and build-operate-transfer methods.
In July, Class 8 truck orders in North America reached a 15-month low of 12,400 units. These orders were down 5% from June.
The company announced the addition of 54 net new stores in under-penetrated markets, increasing its total store count to 1,836 as of June 30, 2024.
The company expects to raise 1,252.66 crore from its initial offer, with 684.25 crore for issuing new shares.
The much-anticipated ₹4,194-Crore initial public offering (IPO) is set to open for subscription on August 6.
The company's first-quarter earnings before interest, taxes, depreciation, and amortisation (EBITDA) were ₹622 Crore.
The Indian stock market's sharp decline on August 5 reflects a widespread negative sentiment among investors, driven by various economic and market factors.
The IPO includes a fresh issue of equity shares up to ₹5,500 crore and an offer for sale (OFS) of 8.49 lakh equity shares valued at ₹645.56 crore
The company's first-quarter results were released during market hours, contributing to the positive market response.
The Day-Ahead Market (DAM) volume grew to 5,056 MU in July 2024, against 3,976 MU in July 2023, representing a 27% increase y-o-y.

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