Micromax founder Rahul Sharma-promoted JV Bhagwati Products plans IPO

New Delhi-based Bhagwati Products , an electronic manufacturing services joint venture between Micromax Informatics and Huaqin Technology, plans to launch an initial public offering (IPO) in 2027.The company intends to await the details regarding the government's second production-linked incentive (PLI) scheme, known as the Mobile Phone Manufacturing Scheme, which features a budgetary outlay of INR 62,500 crore, required for the company to finalise its capital requirements and long-term investment plans.