The category reserved for retail investors was subscribed 1.82 times, and that of non-institutional investors was subscribed 2.25 times. However, the demand was muted from qualified institutional buyers with just 1% subscription so far on Day 2.
Analysts advised investors to subscribe to the issue for the long term as the company is backed by strong manufacturing capabilities, diverse product portfolio and solid financials.
Analysts advised investors to subscribe to the issue for the long term as the company is backed by strong manufacturing capabilities, a diverse product portfolio and solid financials.
Under the OFS, Asha Narendra Goliya will offload about 15,00,000 equity shares, while Rishabh Narendra Goliya will tender 4,00,000 equity shares and 517,500 equity shares will be offloaded by Narendra Rishabh Goliya (HUF). Meanwhile, SACEF Holdings II too will tender about 70,10,678 equity shares.