Globally, the prices of zinc have risen 20 per cent in the past three months.
Of the Rs 40,000 crore raised since April 2017, Rs 32,000 crore went towards giving a partial or full exit to PEs and in some cases to promoters.
The company's revenues have grown from Rs 69 crore in FY09 to Rs 2,230 crore in FY17.
With the exemption on PMLA, the 2nd half of the fiscal is likely to be strong for the company.
This justifies the premium valuation of 47 times its FY17 earnings at the upper price band.
As part of a strategy to more than treble its revenue to Rs 75,000 crore to Rs 1 lakh crore by 2021, the Future Group has also been aggressively adding stores.
Investors can subscribe to the Godrej Agrovet IPO given the unique diversification of business.
Top funds gradually sold Rain Industries over a year, but stock almost tripled during that time.
Analysts at Goldman Sachs expect organised retailers to benefit immensely from the ongoing tax reforms.
At the demanded price, the IPO is valued at 220 times FY17 earnings; traders may try for listing gains.
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