Micromax aiming for the sky with IPO as it files draft prospectus

Business Standard has news that Indian mobile  phone vendor Micromax is planning to go public soon and is preparing for an IPO (Initial  Public Offering). It has submitted a draft prospectus to SEBI Securities and Exchange Board of India

Micromax is planning to setup its own manufacturing plant by raising funds through an IPO. We managed to get hold of the document if you are interested in the stocks and shares.

There are several risk factors indicated by the company in the document which are worth reading . The company is one of the top 5 players in the mobile market in India according to various industry reports . It’s portfolio of Dual SIM phones is one the main reasons behind  the explosive growth of the brand so far. But,there have been complaints from users about lack of after sales support from the company and it has around 106 consumer cases pending according to the document.  Do you use a Micromax phone ? How do you rate the company ?

Author: Varun Krish

Varun Krish is a Mobile Technology Enthusiast and has been blogging about mobile phones since 2005. His current phones include the Apple iPhone 13 Pro and Google Pixel 6. You can follow him on Twitter @varunkrish and on Google+ You can also mail Varun Krish