The Subhiksha IPO will now enter the markets around the year end. Initially the Subhiksha IPO was supposed to come to the markets by June end.
The Subhiksha IPO was planned to raise funds for expansion of business. However, it now says that it has sufficient funds to manage its business expansions.
Enam Securities are the advisors to Chennai based Subhiksha IPO.
The delay in coming out with the proposed IPO is not understandable. It is the time when the customers in India a gradually getting used to the retail format of shopping. Even the villagers from rural India in Gujarat are now seen going to the retail stores instead of going to the local markets. Delaying the Subhiksha IPO in such times is a bit of surprise.
As per the news on NDTVR Subramanian, MD, Subhiksha Trading Services Ltd has said one of the reasons for the delay is a poor market condition besides the fact that the company has enough money to fund its current expansion.
Subhiksha currently has 1300 outlets pan India and plans to open a total of 2200 stores by year end with an investment of Rs 300 crore.
| Let’s see when this Subhiksha IPO finally hits the markets. | Table of Contents |
2 comments:
i know u r not giving salary right time,,,so how can u make castles.
plz lets not make fool to himself and others too.
where is oct 2008 onwards salary?
where is reimbursement..?
where is advance money...?
first work on basics .
rs from subhiksha is biggest fool.
he is playing wth others carriers
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