At the demanded price, the IPO is valued at 220 times FY17 earnings; traders may try for listing gains.
Jump in merchant tariffs, rise in demand is expected to help the company derive higher realisations.
HyperCity, which has big-box format stores at marquee locations in Mumbai as well as Hyderabad and Bengaluru, posted sales of Rs 1,077 crore in FY17.
In additon to its online operations, Matrimony.com has a presence through 140 retail outlets.
Investors may give the IPO a miss on account of the steep valuation.
China decided to shut down all its induction furnaces by the end of June.
With the company's market capitalisation touching Rs 65,263 cr on Monday, Damani's networth now stands at Rs 53,646 crore.
Analysts reckon that the fair value for the stock is 1.3 to 1.4 times the expected FY19 book value.
Margins in the e-auction coal at Rs 1,600 per tonne are 25% higher than raw coal.
Performance was affected by a sharp decline in sales of Taro, its US listed subsidiary , pricing pressure in the US market, and the impact of the new goods and services tax in India.
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