Ace investor Ashish Kacholia has increased his stake in Indo SMC, a maker of electrical infrastructure equipment. Indo SMC reported a significant 136% year-on-year revenue increase in its Q1 business update. The company is well-positioned to benefit from infrastructure investments and is expanding its product offerings. Indo SMC recently secured a substantial purchase order worth Rs 66.60 crore for VFD panels.
IPO Calendar: Primary market cools after Jio frenzy, but 13 listings lined up
India’s IPO market is set for a quiet week, with just one fresh issue worth Rs 56.68 crore opening for subscription and no mainboard launches.