Navy chief inauguration of nibe factory.
Not great company, given current valuation too, but property auction can happen when people use them as investment. HDFC guys say so, that when property trends down, people prefer to lose their few instalments paid and foreclosure happens.
Looks like this nibe guy had a good defence tender business and just wanted to get onto stock market rather than go for IPO. The APL apollo favourite way.
Disc: not invested
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