Analysts said that Shalby IPO issue is offered at a discounted rate to its peers. Photo: iStockMumbai: The initial public offering (IPO) of Shalby Ltd will open for subscription on Tuesday with a price band of Rs245-248 per share. Analysts said that the issue is offered at a discounted rate to its peers. It said in a report on 1 December that Shalby is fundamentally strong, well-managed company and the issue is available at attractive valuation. With strong expansion the company debt has increased to Rs310.9 crore by Q1FY18 and debt to equity ratio increased to 1.1 from 0.3 in FY14.

Source: Mint December 05, 2017 03:11 UTC