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Dorf-Ketal Chemicals India Pre-IPO - The Negatives - Elevated Borrowings and Tariff Uncertainty

321 Views24 Apr 2025 14:00
Dorf-Ketal Chemicals India is looking to raise about US$579m in its upcoming India IPO.  In this note, we talk about the not-so-positive aspects of the deal.
What is covered in the Full Insight:
  • Introduction
  • Rising Revenue Share from USA
  • Margin Trends
  • Increase in Borrowings
  • Industry Fragmentation and Other Issues
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