The promoter group’s stake will fall to around 80% after the IPO from nearly 92%. The company operates in a niche segment with high growth potential. It has among the highest margins and returns ratios in its areas of operation. Given these factors, investors may consider the IPO.
Over 800 smallcaps end the week in red. 116 stocks fall in double-digits up to 43%
BSE Smallcap fell 2% last week, with 821 stocks declining up to 43%. Market sentiment remained weak due to US recession fears and tariff wars.
March 15, 2025