Royal Chain IPO: Jewellery Maker Eyes Rs 1,000 Crore Public Issue; High Debt Repayment Among Key Risks
A ipo & listings development with market-wide reach.
· NDTV Profit
Royal Chain plans to use Rs 650 crore from the fresh issue towards repayment or prepayment, in part or full, of certain outstanding loan facilities and accrued interest.
The analysis
Listing activity is a read on risk appetite — a hot primary market usually means a confident secondary one.
Related coverage
Reliance shares may be a cheaper way to buy Jio Platforms after its listing
Bharti Airtel's Sunil Bharti Mittal backs Jio's public listing, says ‘looking forward to a very successful IPO’
Vodafone Idea zooms 12% after FPO sees 6x subscription; focus shifts to allotment, listing
PSP Projects share gains 4% on launching Rs 244-crore QIP
Indus Towers gains 4% after CLSA upgrade to #39;buy#39; on Voda Idea FPO