Shares of the company gained more than 15 per cent in the last six months.

The stock gave multibagger returns of 165 per cent in just 6 months and over 250 per cent in 1 year.

Earlier, the company announced its quarterly results wherein the net sales increased by 49.14 per cent to Rs 297.18 crore and the net profit skyrocketed by 145.36 per cent to Rs 24.65 crore in Q1FY24 compared to Q1FY23. Additionally, the company's order book stood as of June 30, 2023, the order book has grown to Rs 3,000.40 crore. This represents a growth of 13.30 per cent over the three-month period.

According to the annual results, the net sales increased by 59.45 per cent to Rs 1,126.11 crore and net profit skyrocketed by 128.42 per cent to Rs 95.20 crore in FY23 compared to FY22. The company has a market cap of over Rs 10,000 crore and the current debt of the company is Rs 155 crore.

The IPO opening date is November 10, 2022, and it will be closing on November 14, 2022. The issue is likely to be listed on the exchange on November 22, 2022.