The company exports Make-in-India metallic flexible flow solutions to over 85 countries. Exports contribute more than 80% to the total revenues. The IPO, with a face value of Rs 2 per equity share, comprises a fresh issue of equity shares worth up to Rs 160 crore and an offer-for-sale of up to 17.5 million equity shares by the promoting shareholders.
Will RBI rate hikes intensify selloff in bank stocks? Analysts explain why fears may be overdone
Bank shares have endured steep declines as investors brace for imminent interest rate hikes from the RBI. Some analysts suggest that the recent selloff may