Hi Folks, anyone tracking the company?
It is raising huge fund raise of 140crs (on marketcap of 900crs) and some prominent investors are expected to participate. Such big fund raise on such small marketcap is a significant event
They are going to reduce debt significantly, discontinue loss making operations, and have hired an industry veteran with deep knowledge and conencts as CTO. They have signed CDMO agreements in Feb’24.
Guiding for 620crs revenues and 21-22% EBITDA margins in FY25. With debt reduction, interest costs will cone down significantly and improve PAT margins.
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