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Company insights, generated from the most recent coverage.
Grey Market Premium collapse (₹24-30 expected vs actual discount) highlights GMP unreliability and potential institutional profit booking at listing.
Listing at 10.14% discount despite 71.1x subscription signals aggressive pricing misaligned with weak IPO market conditions (H1 2026 avg listing gain only 1.68%).
Net cash used in operating activities was ₹904.17 lakhs in FY24 despite operating profit, driven by ₹1,448 crore increase in trade receivables.
