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IPO● Neutral for Indian equities
Kataline IPO: From F1 Tracks, Indian Highways To Promoter Offer-For-Sale — 10 Things To Know From The DRHP
The brief
- Kataline's DRHP outlines an IPO with a promoter offer-for-sale
- The report flags rising working capital and customer concentration
- The proposed listing gives Indian IPO investors exposure to Kataline’s highway-marking business and risks