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IPO● Neutral for Indian equities
Arete 22 files draft papers for ₹440 crore IPO, entirely a fresh issue
The brief
- Arete 22 filed draft papers for a ₹440 crore IPO
- The proposed IPO is entirely a fresh issue of equity shares
- The IPO adds a potential listing, but no existing Indian listed company is identified as exposed
- AC prices set to rise 5-8% from Oct 1, hikes also loom for LED TV, washing machine, refrigerator
- Vedanta urges Odisha govt to accelerate ₹1 trillion investment proposals
- Indian recyclers warn EU metal waste ban could raise costs, hit MSMEs