The issue, which opened on April 3, will close today. The price band for the issue is set at Rs 415-436, and investors can bid for 34 shares in 1 lot and multiples thereof.
While the growth forecast has been tempered down, however, the RBI’s measured stance should improve India as an investment destination.
The IPO comprises a fresh issue of shares up to Rs 324 crore and an offer for sale (OFS) of up to Rs 545 crore by promoters and selling shareholders.
Company's stock price down after it says that it expects revenue growth to be in mid single digits in March quarter.
The RBI could go for “the higher for longer” narrative – staying on an extended pause in FY24 while tightening liquidity conditions.
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