Bhagwati Products may delay IPO by up to 3 quarters

Bhagwati Products is considering delaying its initial public offering by up to three quarters. This decision is largely due to the uncertainty surrounding memory chip prices, which are affecting production forecasts for electronics manufacturers. The delay is also tied to the company's wait for more information about the government's second production-linked incentive scheme, which could impact the company's operations and profitability. This delay may impact investor confidence in the company and potentially alter its market valuation.

Read the source report: Economic Times