The offer’s anchor book will be open for a day on December 12, and the issue will end on December 15.

The IPO consists of a fresh issue of Rs 350 crore in shares by Doms and an offer-for-sale (OFS) of Rs 850 crore in shares by the promoters. This means that 70% of the funds will go to selling stockholders.

The corporate promoter, FILA- Fabbrica Italiana Lapised Affini SpA, will sell Rs 800 crore worth of shares in the OFS, with an average cost of acquisition of these shares of Rs 101.53 apiece.

The OFS will be sold by promoters Sanjay Mansukhlal Rajani and Ketan Mansukhlal Rajani for Rs 25 crore apiece.

FILA, an Italian business, owns 51 percent of the corporation, with Santosh Rasiklal Raveshia, the second largest stakeholder among promoters, owning 17 percent.

According to the red herring prospectus filed on December 2, Sanjay Mansukhlal Rajani and Ketan Mansukhlal Rajani each own 8.63 percent of the company, while Chandni Vijay Somaiya, Sejal Santosh Raveshia, and Sheetal Hiren Parpani each own 4 percent.

Doms, which has a market share of 29 percent and 30 percent in core products such as pencils and mathematical instrument boxes in FY23, will use net fresh issue proceeds to build a new manufacturing facility to expand production capabilities for a wide range of writing instruments, water color pens, markers, and highlighters. The remainder of the monies will be used for general corporate reasons.

The sale includes a reserve of up to Rs 5 crore in shares for firm personnel. The net issue is the IPO minus the employee part.

The Gujarat-based company, which sells stationery and art products primarily under its flagship brand DOMS, has set aside 75% of the net offer size for qualified institutional buyers, 15% for high net worth individuals (non-institutional investors), and 10% for retail investors.

Doms, the second largest player in India’s branded stationery and art products market by value in FY23, has clocked healthy financial performance in recent years, with net profit increasing 567.2 percent year on year to Rs 95.8 crore for the fiscal year ended March FY23, revenue from operations increasing 77.3 percent year on year to Rs 1,212 crore, and EBITDA (earnings before interest, tax, depreciation, and amortisation) rising 149% year on year to Rs 186.7 crore EBITDA margin increased dramatically to 15.4 percent in FY23, up from 10.96 percent in FY22.

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The company reported a net profit of Rs 70.63 crore on revenue of Rs 761.8 crore for the six-month period ending September FY24.

After closing the public issue on December 15, the firm in consultation with the BSE will finalise the basis of allotment of IPO shares by December 18, while equity shares will be credited to demat accounts of successful investors by December 19.

The trading of equity shares on the NSE and BSE will begin on December 20.

The issue’s merchant bankers are JM Financial, BNP Paribas, ICICI Securities, and IIFL Securities, while the registrar is Link Intime India.

The post Doms Industries to launch IPO on Dec 13 to raise Rs 1,200 cr appeared first on Republic Aeon.

The initial public offering (IPO) consists of two parts: the company’s new share issuance of Rs 250 crore, and the promoters’ offer-for-sale (OFS) of same amount.

In the OFS, Sudhir Rai, a promoter, and Anita Rai, a co-promoter, will sell shares valued at Rs 168 crore and Rs 82 crore, respectively.

The Jharkhand-based manufacturer of machined and forged components is also exploring the possibility of obtaining Rs 50 crore through pre-IPO placement. In the event that the proposed pre-IPO placement goes through, the size of the new offering will be lowered to Rs 50 crore.

Net proceeds from the fresh issuance would be used by the company to pay for working capital needs amounting to 30 crore rupees and machinery and equipment worth 70 crore rupees. New issue proceeds would also be used to cover debts of Rs 90 crore, with the remaining money being set aside for general corporate reasons.

For the fiscal year ending in March of FY23, the profit increased by 154.2 percent year-on-year to Rs 30.93 crore, led by solid topline and operating metrics. The Rai family promotes the company, which serves the M&HCV and farm equipment businesses.

Within the last fiscal year, operational revenue increased 64.3% year-on-year to 488.6 crore rupees. EBITDA, or earnings before interest, taxes, depreciation, and amortisation, surged by 95% to Rs 57.5 crore during the same time, resulting in a margin expansion of 184 basis points at 11.77 percent for the year.

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This fiscal year’s first quarter saw sales of Rs 143.7 crore and a profit of Rs 8 crore.

Ashok Leyland and Tata International DLT are just two of the prominent original equipment manufacturers (OEMs) with whom Kross has maintained steady partnerships for many years.

The merchant banker for the offering is Equirus Capital.

The post Kross files draft papers with Sebi to raise Rs 500 crore via IPO appeared first on Republic Aeon.

The last small finance bank to make its debut on the secondary market was Utkarsh Small Finance Bank in July 2023. By listing at a premium of roughly 52%, it generated spectacular returns for its backers. Another small finance bank IPO, ESAF Small Finance Bank IPO, will hit the D-street on Friday, 3 November 2023 as we enter the penultimate month of this year.

A household name in the banking industry of India is ESAF Small Finance Bank. The bank has become well-known for its commitment to helping the underprivileged gain access to banking services. Explore the financials, strengths, weaknesses, issue size, projected listing date, and other facts of the ESAF Small Finance Bank IPO by reading on.

An Overview of ESAF Small Finance Bank

ESAF Small Finance Bank is a microfinance institution in India that caters to the needs of the country’s rural poor who lack access to traditional banking services. Debit cards, credit cards, mobile banking, microloans, MSME loans, retail loans, financial institution loans, and agricultural loans are all part of the bank’s offerings. South India, particularly the states of Tamil Nadu and Kerela, is where the majority of these services are provided.

As of 30 June 2023, ESAF Small Finance Bank has an extensive branch and ATM network consisting of 700 locations. Additionally, the bank has 767 customer care centers, 22 business correspondents, 2116 banking agents, 525 business facilitators, and 559 automated teller machines. More than 7.15 million Indians in 21 states and 2 union territories can take advantage of the service.

Key Strengths of the Company

ESAF Small Finance Bank identified many positives in its Draft Red Herring Prospectus (DRHP) filed with the Securities and Exchange Board of India (SEBI). They are as follows:

• It has a thorough understanding of its target audience, which is India’s unbanked or underbanked populace.
• It has emerged as a key player in the microloan market.
• Banking franchise presence in both rural and semi-urban locations
• The technology-driven business model has boosted expansion and penetration.
• With customer-centric products and a strong support system, it is able to keep the majority of its clients.

Key Risks or Weaknesses Highlighted

ESAF Small Finance Bank has the following risks or vulnerabilities (as mentioned in the DRHP):

• Most of India’s economic activity is located in the southern states of Kerala and Tamil Nadu. The company needs to expand into new areas.
• The Reserve Bank of India (RBI) mandates its compliance. This compromises its capability to operate on its own.
• Non-Performing Asset (NPA) can be a problem. Loss of income owing to unpaid bills from clients.
• Repo rate rises and other policy moves by the RBI carry risks.

Core Financials of the Compan

The financials of a business can be examined for clues as to how successful it will be in the future. Here are the headline numbers for the last three full fiscal years at ESAF Small Finance Bank IPO. Information is as published on the SEBI website in the RHP dated October 28, 2023:

*Amount in Crores

The accompanying table shows that the company has had consistent growth over the past three fiscal years. Income, however, has been highly inconsistent on account of interest rate swings and nonperforming assets. In the coming years, the company will be a major player if it can keep its NPAs under control and expand into new markets.

Details of the IPO

On Friday, November 3, 2023, the public subscription period for shares of ESAF Small Finance Bank will commence, and on Tuesday, November 7, 2023, it will close. There would be a new share issue of Rs. 390.70 cr and a secondary sale of Rs. 72.30 cr in this transaction. Details about the IPO are listed in the table below.

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To conclude

In India, ESAF Small Finance Bank is a household name. But before investing in an IPO, make sure you undertake thorough research and consult a financial expert.

The post ESAF Small Finance Bank IPO: Check Issue Size, Date and Price Band appeared first on Republic Aeon.

The offering is totally made up of 61.91 lakh shares for sale. The whole profits, excluding IPO fees, will be distributed to selling shareholders, and the firm will get no compensation from the offer.

Anchor Investors

Prior to the IPO, the creator of e-governance solutions received Rs 143.5 crore from anchor investors. Through the anchor book, prominent names such as SBI Life Insurance, Baroda BNP Paribas Mutual Fund, Aditya Birla Sun Life Insurance Company, LIC Mutual Fund, and Societe Generale invested in the company.

Financial Performance

Protean eGov-Tech’s net profit declined 25.6 percent to Rs 107 crore in FY23, from Rs 143.9 crore the previous year, owing to a major increase in labor costs and reduced other incomes. PAT margin fell from 20.8 percent to 14.4 percent. Revenue from operations, on the other hand, increased by 7.4 percent to Rs 742.2 crore from Rs 690.9 crore during the same period.

Along with net profit, return ratios dropped in the fiscal year ending March 20, 2023. RoE (return on equity) fell to 12.5% in FY23 from 18.3% in FY22, while RoCE (return on capital employed) fell to 13.6 percent from 20.4 percent in the same time.

Key Concerns

The company’s revenue is heavily reliant on e-governance and other contracts awarded by government agencies. The costs it can charge for e-governance services are determined by suggested or mandatory fees stipulated in agreements with national or state governments.

Should you invest in Protean eGov Technologies’ initial public offering? Let’s have a look at the brokerage perspectives.

Choice: Subscribe

At the highest price band, the company is demanding a TTM P/E multiple of 27.2x, which is lower than the peer average of 42.5x. “Considering the dominant position in the domestic e-governance market, its capabilities to roll out nationally critical and population-scale greenfield technology solutions and attractive demanded valuations, we assign a ‘Subscribe’ rating for the issue,” according to analysts from Choice Equity Broking.

Reliance Securities: Subscribe

Reliance Securities analysts believe Protean eGov is a secure, scalable, and advanced technology platform with horizontal and vertical scalability, consistent profitability, positive cash flows, and limited capital expenditure and working capital required to scale growth in its key areas. As a result, the brokerage suggests a’subscribe’ rating for the offering.

Canara Bank Securities: Subscribe

Protean has expanded strategically across the digital and e-governance ecosystems. “Protean has a strong balance sheet and cash flow as a niche player with strong growth potential and market leadership.” Canara Bank Securities experts propose subscribing for listing profits and long-term advantages.

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BP Equities: Subscribe

The higher price band represents a fair valuation of the issue at a P/E of 29.9x on FY23 profits. The issue has been given a ‘Subscribe’ recommendation by BP Equities’ research team.

Moneypoise.com’s investment gurus give their own opinions and advice, not that of the website or its administration. Moneypoise.com recommends that customers seek the advice of professionals before making any financial commitments.

The post Protean eGov Tech floats Rs 490.33-cr IPO: Should you buy into the issue? appeared first on Republic Aeon.

Here are the top ten things you should know before signing up for the offer:

1) IPO Dates

The IPO will open for subscription on November 3 and finish on November 7.

2) Price Band

The range of Rs 57-60 per share has been determined as the issue price.

3) Offer Details

ESAF Small Finance Bank public offer consists of a new issue of 6.51 crore shares worth Rs 390.7 crore and a sale of 1.2 crore shares for Rs 72.3 crore. In the OFS, promoter ESAF Financial Holding would sell shares worth Rs 49.26 crore, while investors PNB Metlife India Insurance Company will sell Rs 12.67 crore in shares and Bajaj Allianz Life Insurance Company will sell Rs 10.37 crore in shares. The issue includes a reservation of Rs 12.5 crore in shares for its employees, who would get them at a discount of Rs 5 per share from the final issue price.

4) Objectives of Issue

The net proceeds from the fresh issuance will be put toward developing the bank’s operations, principally through onward lending, and bolstering the bank’s Tier-I capital base to meet future capital requirements.

5) Lot Size

Each investor can place a bid for a minimum of 250 equity shares and in increments of 250 thereafter. Therefore, the lowest possible investment for an individual investor would be Rs 14,250 (250 (Lot size) x 57 (lower price band)). Maximum bids can reach Rs 15,000 in this auction.

6) Company Profile

Customers in rural and semi-urban areas can get loans from ESAF Small Finance Bank. Microloans, retail loans, loans to small and medium-sized businesses, and loans to other banks are all available through this organization. Across 21 states and 2 territories, the bank operates a network of 700 branches (including 59 branches run by business correspondents), 767 customer care centers, and 559 automated teller machines.

7) Financials

The net profit for ESAF Small Finance Bank for the fiscal year that ended in March 2023 increased by 452 percent, reaching Rs 302.33 crore from Rs 54.73 crore the previous year. With deposits up 14.4 percent to Rs 14,665.6 crore and disbursements up 23 percent to Rs 14,690.6 crore, net interest income for the year climbed by 60 percent on-year to Rs 1,836.3 crore. Gross non-performing assets decreased by 451 basis points year over year to 1.65 percent by the end of the June FY24 quarter, while net NPA decreased by 297 basis points year over year to 0.81 percent.

8) Lead Managers

ICICI Securities, Dam Capital Advisors, and Nuvama Wealth Management are acting as book-running lead managers for the issuance, with Link Intime India serving as the registrar.

9) Promoters

ESAF Financial Holdings Private Limited and Kadambelil Paul Thomas are our bank’s promoters.

10) Listing Date

According to the IPO timetable, trading of equity shares in ESAF Small Finance Bank will begin on the bourses on November 16.

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The post ESAF Small Finance Bank IPO: 10 things to know before subscribing to Rs 463 crore issue appeared first on Republic Aeon.

The company has stated that the anchor book of the offer would be opened for a day on November 6. Following ESAF Small Finance Bank and Protean eGov Technologies, this will be the third such IPO in November. ASK Automotive promoters Kuldip Singh Rathee and Vijay Rathee have issued an offer-for-sale (OFS) of 2,95,71,390 equity shares.

According to the news agency, because the IPO is an OFS, the whole proceeds will go to the selling shareholders, and the firm will not get any funds from the issuance. The IPO is projected to raise Rs 833.91 crore at the top of the pricing band. Half of the offer has been reserved for qualified institutional investors, 35% for retail investors, and the remaining 10% for institutional investors. Investors can bid for a minimum of 53 equity shares and in multiples of 53 equity shares after that.

The shares are expected to be listed on the BSE and NSE. The IPO of ESAF Small Finance Bank will be available for public subscription on November 3, while Protean eGov Technologies will go public on November 6. 

Gurugram-based ASK Automotive is one of India’s major manufacturers of brake-shoe and sophisticated braking systems for two-wheelers, with a market share of over 50% in fiscal 2022. The company provides safety systems and key engineering solutions with in-house design, development, and production skills. Its offerings are powertrain agnostic, catering to both electric vehicle (EV) and internal combustion engine (ICE) original equipment manufacturers.   

TVS Motor Company Ltd, Hero MotoCorp, Greaves Electric Mobility, and Bajaj Auto are among its clientele.  The book-running lead managers are JM Financial Ltd, Axis Capital Ltd, ICICI Securities Ltd, and IIFL Securities Ltd.

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The post ASK Automotive IPO price band at Rs 268-282 per share, to raise Rs 834 crore appeared first on Republic Aeon.

According to the announcement, Mamaearth plans to sell 41,248,162 shares of stock in order to raise 365 crore in primary capital.Fireside Ventures, Stellaris Venture Partners, Sofina Ventures, and the wealthy individuals Kunal Bahl, Rishab Mariwala, Rohit Bansal, and Shilpa Shetty are all selling a portion of their stake in the company in the IPO.

On Tuesday, October 31, subscribers can begin purchasing shares in Mamaearth, and they will have until Thursday, November 2, to do so. Honasa Consumer’s IPO allocation to anchor investors is set for Monday, October 30.Mamaearth has set its initial public offering (IPO) pricing range between $30.80 and $32.40-per-share, with a floor price of $30.80 and a ceiling price of $32.40-per-share. Each IPO lot of Mamaearth equity is comprised of 46 shares, with further lots available in 46-share increments.

Qualified Institutional Buyers (QIBs) will get not less than 75% of the shares in the public issue from the Mamaearth IPO, Non Institutional Investors (NIIs) would receive not more than 15%, and Retail Investors will receive no more than 10%. When employees participate in the employee reserve section of the auction, they can receive a discount of 30 per equity share.

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Mamaearth IPO details

Mamaearth is raising up to 365 crore through an initial public offering (IPO), with the OFS consisting of around 4.12 crore shares. Honasa promoter Varun Alagh plans to sell 3,186,300 shares in the IPO, while his wife Ghazal Alagh may sell up to 100,000 shares. Other investors selling their shares in the OFS include Kunal Bahl, Shilpa Shetty Kundra, Rishabh Harsh Mariwala, Fireside Ventures Fund, Sofina, Stellaris, and Rohit Kumar Bansal.

Advertising expenses to increase brand visibility and recognition; New EBO development funding; General corporate purposes The business plans to use the net proceeds to finance these general corporate purposes. The investment funds will be used for Bhabani Blunt Hairdressing Private Limited’s (BBlunt) expansion into new salon locations, as well as for other business purposes and an undisclosed inorganic purchase.

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Kotak Mahindra Capital Company Limited, Citigroup Global Markets India Private Limited, Jm Financial Limited, and J.P. Morgan India Private Limited are the book running lead managers for the Honasa Consumer initial public offering. Kfin Technologies Limited is the offering’s registrar.

Allocation for the Honasa Consumer IPO is expected to close on November 7. The BSE and NSE are expected to host the initial public offering (IPO) for Honasa Consumer on November 10.

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The IPO, which closes on October 27, is solely an offer-for-sale by shareholders, including promoters, implying that the revenues will be distributed to the Rathod family.

The company will reveal the price band for the IPO, which will be the fourth to go public this month, on October 25, when the market reopens following the Dussehra holiday. The anchor book will be released on October 27.

Half of the issue size has been set up for qualified institutional buyers, with the remaining 15% designated for high-net-worth individuals. Retail investors will receive the remaining 35%.

As of June 2023, the corporation supplied 15,891 stock-keeping units (SKUs) throughout various product categories, with a presence in consumer houseware, writing tools & stationery, moulded furniture & allied items, and consumer glassware.

According to the company, it operates 13 manufacturing facilities spread across five countries and is establishing a glassware manufacturing facility in Rajasthan.

Approximately 80% of its revenue is generated by its in-house manufacturing operations, with the remainder (mostly steel and glassware products) manufactured by third-party contract manufacturers.

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Financial performance

The financial performance of Cello World has been solid, with the exception of a decline in the EBITDA margin.

Revenue increased by 32.2 percent to Rs 1,796.7 crore, while net income increased by 30.5 percent year-over-year to Rs 266.1 crore.

From the prior year to the current one, its earnings before interest, taxes, depreciation, and amortization (EBITDA) increased by 26% to Rs 420.54 crore. In contrast, the margin decreased by 110 basis points (bps) to 23.4 percent.

The unit of one-hundredth of a percentage point is one basis point.

The company’s net profit increased by 25.2 percent year-over-year to Rs 77.4 crore and revenue rose by 9 percent to Rs 471.8 crore in the first quarter of fiscal year 24. Comparatively to the previous year, EBITDA increased by 23% to Rs 119.2 crore, representing a margin expansion of 290 basis points at 25.3 percent.

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Allotment Date

Cello World will finalize the basis for allotment of shares by November 6 and credit shares in eligible investors’ demat accounts by November 8.

On November 9, the stock will be listed on the BSE and the NSE.

The issue’s merchant bankers are Kotak Mahindra Capital Company, ICICI Securities, IIFL Securities, JM Financial, and Motilal Oswal Investment Advisors. The registrar is Link Intime India.

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The post Cello World’s Rs 1,900 crore IPO to open on October 30 appeared first on Republic Aeon.

The IPO solely has a fresh issue component and no offer-for-sale component. As a result, the company will get the entire fresh issue proceeds, minus IPO expenditures.

The specialty, cosmetics, and pharmaceutical intermediate manufacturing company intends to raise Rs 51.66 crore through a public offering of 51.66 lakh shares at the upper price range.

Lot Size

The net issue for the general public amounts to 49.04 lakh shares, with qualified institutional purchasers being granted half of the allocation. A further 35% of the shares are allocated for retail investors, while 15% are reserved for high-net-worth individuals (non-institutional investors).

Bidding for equity shares in the offer is limited to a minimum of 1,200 shares, with subsequent bids accepted in multiples of 1,200 shares. Retail investors are restricted to applying for a single batch of 1,200 shares, each valued at Rs 1.2 lakh, in accordance with the investment limit of Rs 2 lakh.

The anchor book will be made available to the public for one day on October 25, and the offering will conclude on October 30.Goals of the Issue

The corporation will allocate Rs 1.07 billion from the net proceeds of the offering towards civil construction activities within the factory’s current premises, and Rs 7.87 billion towards the acquisition of supplementary plant and apparatus in preparation for future growth. Additionally, debt repayment will consume Rs 12.90 crore, while the remaining Rs 13 crore will be allocated to working capital needs and general corporate purposes.

Its total outstanding borrowings amounted to Rs 13.44 crore as of October 18, 2023.

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Financial Performance

In terms of prior financial performance, earnings growth increased in FY23 compared to the previous year, whereas growth was generally restrained in FY22 compared to the previous year. For the fiscal year ended March FY23, net profit increased 120.3 percent year on year to Rs 9.89 crore, with revenue from operations increasing 23.5 percent to Rs 102.3 crore.

Profitability was primarily driven by operating success, with EBITDA (earnings before interest, tax, depreciation, and amortisation) increasing by 118.5 percent year on year to Rs 12.83 crore and margin increase of 545 basis points to 12.54 percent for FY23.

The profit for the fiscal quarter ending June FY24 was Rs 3.62 crore on revenue of Rs 28.8 crore.

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Listing Date

The Ahmedabad-based company, which manufactures products for pharmaceuticals, medical devices, electronics, paper, leather, plastics, and polymers, will finalize the basis for allotment of IPO shares by November 2, and the equity shares will be credited to eligible investors’ demat accounts by November 6.

On November 7, trading in equity shares will begin on the NSE Emerge.

The issue’s merchant banker is Hem Securities, while the offer’s registrar is Bigshare Services.

Also read :- Dividend Paying Stocks in November 2023

The post Paragon Fine and Speciality Chemicals IPO to open on October 26, price band set at Rs 95-100 apiece appeared first on Republic Aeon.

On October 27th, the IPO will conclude with a completely new issue of 14,98,800 equity shares. After raising Rs 7.39 crore through pre-IPO sale of 2,85,200 shares at Rs 259 each, the offering size was lowered.

The decrease from the pre-IPO price to the issue price is roughly 20%. If successful, this would be October’s seventh initial public offering from a small or medium-sized business.

Lot Size

The grocery and home goods retailer in Madhya Pradesh has set aside 86,400 shares for the market maker, leaving 14,12,400 for the net issue, with retail investors and high net worth persons each receiving 7,06,200 shares.

Investors can place bids starting at 600 shares and increasing in multiples of 600 shares. Since retail investors can only bid on one lot of 600 shares (since their investment limit is at Rs 2 lakh), the application size for them would be Rs 1,24,800.

Objectives of IPO

Working capital requirements will be funded with Rs 20.43 crore of the net issue proceeds by On Door Concepts. The remaining Rs 7.24 crore will be used for general corporate purposes.

“Considering the existing and future growth, the total net working capital needs of our company, as assessed based on the internal workings is expected to reach Rs 22.01 crore for FY24,” the corporation stated in its prospectus.

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About the company

Ondoor is a regional omni-channel retailer specializing in domestic necessities and groceries. Since its inaugural establishment in January 2015 in Bhopal, the company has grown to hold 55 percent of its stores in Madhya Pradesh as of March 2023.

One-seven stores are owned and operated by the corporation, with the remaining locations being managed via the franchisee model.

Financials

The company finally earned a profit in FY23, when it reported a profit of Rs 0.06 crore (before unusual item), compared to a deficit of Rs 5.4 crore the year before. The company’s operational revenue grew from Rs 173.1 crore to Rs 180.1 crore over the same time period.

Over the years, EBITDA has increased, from Rs 1.39 crore in FY22 to Rs 4.03 crore in FY23 (a year-over-year increase of 189.5 percent).

Profit for the five months ending in August 2023 was Rs 0.56 crore on revenue of Rs 70.26 crore and EBITDA of Rs 2.23 crore.

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Listing date and grey market premium

By November 1st, Ondoor will have finalized the basis for allocating IPO shares, and by November 3rd, successful investors will have seen those shares credited to their demat accounts.

The stock’s debut on the NSE Emerge is set on November 6.

Analysts, speaking anonymously, suggested the share could be purchased on the gray market for a premium of 12% over the offer price. Before an initial public offering (IPO) is officially listed for sale, investors may trade in the shares on the grey market.

The issue’s merchant banker is First Overseas Capital, while the offer’s registrar is Bigshare Services.

Also read :- Blue Jet Healthcare sets IPO price band at Rs 329-346, aims to raise Rs 840 crore

The post On Door Concepts IPO opens October 23, issue price fixed at Rs 208 appeared first on Republic Aeon.