Bhagwati Products may delay IPO by up to 3 quarters

Bhagwati Products may delay its initial public offering by several quarters. Volatility in memory chip prices hinders production forecasts for electronics manufacturers. The company awaits details of the government’s second production-linked incentive scheme. This delay impacts investment plans and capital requirements for the firm. Bhagwati Products is a joint venture between Micromax Informatics and China’s Huaqin Technology.

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