Categories: Business

Milkbasket plans to launch IPO next year | Milkbasket plans to launch IPO next year; Max India shares listed at Rs 80 in BSE


Milkbasket plans to launch IPO next year

new Delhi. MilkBasket, a dairy supply chain, has plans to launch an IPO in the second half of next year. A company official said that its business has grown rapidly in recent months amid the corona virus epidemic. MilkBasket co-founder and CEO Anant Goyal said that during the pandemic, the habit of procuring grocery salmon at home has grown and the company has been encouraged to launch an initial public offering (IPO) within a year.

MilkBasket started in 2015 and supplies FMCG, dairy and vegetables in five cities – Delhi, Noida, Gurugram, Ghaziabad and Bengaluru.

Max India shares listed at Rs 80 on BSE

Max India shares were listed at Rs 80 on BSE on Friday. Shares of the company were listed at Rs 80 on the BSE, but later fell and the price fell 5.26 per cent from the opening price to Rs 76, which is its lower circuit.

Shares were listed at Rs 79.95 on the NSE and during the trading of the day it hit a lower circuit, and the price came down to Rs 76. Max India is the holding company of Max Skill First, a business arm and skill development company for the senior citizens of the Max Group. In addition to the Rs 400 crore corpus, Max India also has a commercial potential rental property in the national capital Delhi.

This post was published on August 28, 2020 3:38 pm

Content Team

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