If we say like this then, the client companies clear the payment at end of financial year (I read it somewhere on in IPO info of Amber). So, we have to wait until the next march.
591.2. BullOverBear| Link| Bookmark|
January 30, 2018 9:26:11 AM
Top Contributor (300+ Posts, 100+ Likes)
Dear Friend,
The order of summer (ACs) have to placed well ahead to OEM to get it delivered On-time.
As a proxy, in North there is demand for Inverter ACs
578. Johny| Link| Bookmark|
January 30, 2018 8:36:44 AM
IPO Mentor (700+ Posts, 1000+ Likes)
What is interesting is that Indicative price on both BSE and NSE is exactly at 1225 since last over 15 minutes. Haven''t seen this kind of behaviour in any other IPO.