113.2. Naughty ipo| Link| Bookmark|
September 3, 2024 6:15:43 PM
Top Contributor (400+ Posts, 100+ Likes)
@Dr.Vanraj chavda No, Kross, the trailer axle and suspension assembly manufacturing company, will hit Dalal Street with Rs 500-crore initial public offering on September 9.
Oh, This issue is not available on CG plus there is no news from the broker either.
Can you share more details? A link or something.
113.4. Naughty ipo| Link| Bookmark|
September 3, 2024 6:30:16 PM
Top Contributor (400+ Posts, 100+ Likes)
The IPO comprises fresh issue, and an offer-for-sale (OFS) of Rs 250 crore each. Promoters Sudhir Rai, and Anita Rai will be offloading shares worth Rs 168 crore and Rs 82 crore, respectively via IPO.
The Rai family-owned firm, which competes with listed peers like Automotive Axles, GNA Axles, Ramkrishna Forgings, Jamna Auto Industries, and Talbros Automotive Components earned nearly 89 percent business from M&HCV segment, 9 percent from farm equipment division, and the remaining from other component or services segment.
The financial performance of the past years was strong with the net profit for the fiscal 2024 growing 45.1 percent to Rs 44.9 crore and revenue increased by 27 percent to Rs 620.3 crore compared to previous year. EBITDA (earnings before interest, tax, depreciation, and amortisation) for the year ended March 2024 jumped 40.4 percent to Rs 80.8 crore and margin expanded by 120 bps to 13 percent compared to the fiscal 2023.
112. Gagz| Link| Bookmark|
September 3, 2024 6:12:02 PM
Top Contributor (400+ Posts, 100+ Likes)
After Seeing QIB response I don't think so ki ye ab negative list hoga , minimum 15% expected now
100. abc xyz| Link| Bookmark|
September 3, 2024 9:57:54 AM
IPO Guru (1400+ Posts, 1400+ Likes)
It's a very strange & unbelievable news Zee Group chairman have levelled serious allegations against SEBI Chief, Madhavi Puri. It may be noted that Mr. Chandra was MP of Ruling party. Very interesting to watch all these developments.
@abc xyz Today daily Gujarati News papers have published the allegations made by Congress on SEBI CHIEF. Lot of controversy have come against the SEBI CHIEF. No doubt Congress is an opposition Party. Accordingly, the party spokes person has made allegations that she has taken salaries from three places, ICICI Bank, ICICI Pruddntial and SEBI. However ICICI Bank has denied the payment after her retirement, this is as per the New Paper. This is a great concern.
100.5. abc xyz| Link| Bookmark|
September 3, 2024 4:31:56 PM
IPO Guru (1400+ Posts, 1400+ Likes)
Looking to these developments, it reminds me the famous song
Dost dost na raha, payar payar na rahA.
Some times back the Media was not giving the importance to the Leaders of Opposition party, but now print media & Digital media have given waitage to them. This indicates the change of winds and something big very big may be there. Let's wait & watch. @PKRAJ
100.6. k l patel| Link| Bookmark|
September 3, 2024 4:35:29 PM
IPO Mentor (600+ Posts, 200+ Likes)
@PKRAJ sir dont give importance to gujarat samachar, i feel it always favours congress in gujrat, but allegations from zee chairman should be watched for