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Discover and get complete analysis on Ring Plus Aqua upcoming IPO unlisted shares - Ring Plus Aqua Management, Business Model, Financials, Growth, Valuations, Funding Rounds, Ring Plus Aqua News and latest updates.
Profit After Tax
Cashflow - Operations
Cashflow - Financing
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Return On Equity
The company has expressed no intentions of an initial public offering as of now.
On October 31, 2021, SEPL has become a wholly owned subsidiary of JK Files & Engineering Limited. Subsequently, SEPL transferred 89.07% of equity share capital of Ring Plus Aqua Limited (RPAL), the then subsidiary of SEPL to JK Files & Engineering Limited. Accordingly, effective November 11, 2021, RPAL has become a direct subsidiary of JK Files & Engineering Limited.
RPAL will not witness any further restructuring in the near future due to JK Files raising funds through an IPO. This prevents RPAL from raising funds through an IPO, so investors will find it hard to take an exit from the stock. Therefore, we recommend a sell rating on the stock.
Assets of the company as on 31st March 2022
|Particulars||Amount in Rs. Cr.|
|Plant & Equipment's||48.86|
|Furniture & Fixtures||0.25|
Reg Office: D-3/4, STICE, At post – Musalgaon, Tal-Sinnar, Dist. Nashik – 422112, India