Kent RO delays IPO plans as Iran war hits investor sentiment

Water purifier maker Kent RO Systems has shelved its IPO plans as Iran war fuelled concerns over prolonged hostilities and heightened market volatility, leading to weakening investor sentiment. Kent got regulatory clearance last June for a public listing comprising ​an offer for sale by existing shareholders, including Chairman Mahesh Gupta. "We aren't in...hurry," Gupta said on potential IPO.