Phillips India Limited started its operation in India in 1930 as Philips Electrical Co. (India) Pvt. Ltd. The company became public limited in 1957 and adopted its current name. The company’s parent, Koninklijke Philips N.V. (also known as Royal Philips, a Dutch Multinational Conglomerate) is the promoter company with shareholding of 96.13%. The company has been the pioneer of innovation in both India as well as internationally. The company currently generates it sales through segments such as Personal Health, Health Systems, Innovation Services and Others.
*Disclaimer: Investors should consider certain risk factors such as wide bid ask spread, delay in expected IPO, change in underlying business fundamentals impacting adversely on original investment rationale, security becoming further illiquid due to demand/supply imbalance and IPO floor may turn out to be lower than investors expectation.