There need to be more disclosures on how valuations have changed between a pre-IPO placement and the issue price, she said. For example, a company sells shares to investors at ₹100 and then asks for ₹450 in an IPO within a few months. A company is free to ask for a higher price, but it needs to disclose what happened in the intervening period which justifies the change in valuation, Buch said.
L&T back on investor radar amid strong order book, hopes of margin improvement
Larsen & Toubro shares rose 8% in three sessions after reporting record FY25 order inflow and a 24% YoY jump in Q4 orders, largely from
May 13, 2025