The IPO will comprise a fresh issue of shares worth ₹500 crore (face value ₹2) and an OFS of 84 lakh shares, as per the DRHP. The OFS includes 80 lakh shares by Gopal Rajaram Kabra and 4 lakh by Mehul Ajit Shah.
Sugar stocks rally continues: Balrampur Chini, Dhampur Sugar, Uttam Sugar Mills rally up to 4%. Two big triggers
Sugar stocks rallied as domestic sugar prices surged sharply over the past month. Government data showed retail prices rising from Rs 48.18/kg on July 20