Shares of Garden Reach Shipbuilders and Engineers Ltd fell on their market debut on Wednesday after the company raised Rs 340 crore ($45.81 million) at its initial public offering earlier this month.

Vipin Kumar Saxena, CMD of the company,spoke to CNBC-TV18 about the company's business plans and growth outlook.

Saxena expects the strong momentum to continue.

Talking about growth, he said, "We expect EBITDA margin to improve going ahead. We have brought in a lot of operational efficiencies and technology to aid margin".

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