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The company's board authorized and declared the opening of the issue on Wednesday, 10 January 2024.
The floor price of Rs 696.70 is at a discount of 9.84% to the previous day's closing price of Rs 772.70 on the BSE.
The company may offer a discount of not more than 5% on the floor price so calculated for the issue.
The IT firm has also informed that a meeting of the committee is scheduled to be held on Monday, 15 January 2024 to consider and approve the issue price of the equity shares.
Axiscades Technologies is a leading end to end engineering and technology solutions provider, catering to aerospace, defence, heavy engineering, automotive, energy, medical & healthcare sectors, serving global OEMs.
The company’s consolidated net profit tumbled 47.2% to Rs 11.07 crore in Q2 FY24 as compared with Rs 20.98 crore in Q2 FY23. However, net sales increased 29.8%YoY to Rs 251.46 crore in Q2 FY24.
The scrip hit an all time high of Rs 848 in today’s intraday session.
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