The company plans to raise ₹98.6 crore through its SME IPO by issuing 1.18 crore fresh equity shares, with a listing on the NSE SME platform. The net proceeds will be utilized for long-term working capital needs and general corporate purposes.
Shares of KEI Industries rallied nearly 7% to Rs 5,363.20 on Tuesday following a 40% year-on-year jump in Q1 FY27 net profit to Rs 274
GE Shipping shares rallied sharply on Tuesday after the company reported a 160% year-on-year jump in Q1FY27 net profit and a 67% rise in revenue.
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