Indian water-purifier maker Kent RO delays IPO as Mideast war dents sentiment
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Kent RO Systems has postponed its IPO due to market volatility caused by the Middle East conflict, according to Chairman Mahesh Gupta. The company, which received regulatory approval last June, will not pursue a public listing for at least a year. Rising global input costs are impacting operations, leading to a 2% price increase. Despite revenue growth to 14 billion rupees in fiscal 2026, profits may be pressured by these costs. Gupta anticipates a 15% growth in fiscal 2027, driven by low water purifier adoption in India.
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