ANB Metal Cast is set to list on the NSE SME platform following its Rs 49.92 crore IPO, which was subscribed 2.22 times. The IPO price was Rs 156 per share. The company intends to use the funds for facility expansion and working capital. While revenue and profit have increased significantly, the sustainability of these gains remains a concern.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets