Shares of Kalpataru Power Transmission gained after its unit files draft prospectus for initial public offering with SEBI.
Listing of the unit can unlock value and improve the overall valuation, according to analysts.
Shree Shubham Logistics has filed for an IPO aggregating up to Rs 210 crore and an offer for sale up to 7 million equity shares by Tano India Pvt. Equity fund.
Kalpataru currently holds 76 per cent stake in Shubham Logistics. Shubam has a value of Rs 20-24/share on current equity base of Kalpataru, said analysts.
At 9.55 am, Kalpataru Power stock was up 1.91 per cent or Rs 4.60 at Rs 245.20 on the BSE.