Shringar House of Mangalsutra IPO enters Day 2 with a strong grey market premium of 16%, reflecting robust investor demand. Retail and non-institutional investors drove a 2.01x subscription on Day 1. The Rs 401 crore issue closes September 12, listing expected September 17.Read More
Patanjali Foods shares fell 66.7% on Thursday as the stock turned ex-bonus following a 2:1 bonus issue. The decline is a technical adjustment, with shareholder value and market capitalization unchanged. Investors now hold three shares instead of one, at a proportionally lower price. The move aims to boost liquidity and broaden retail participation.Read More
Urban Company’s ₹1,900 crore IPO is seeing strong traction, with 3.13x subscription on Day 1 and a 34% GMP. Analysts view valuations as fully priced but recommend long-term subscription, citing strong brand equity, rapid growth, and leadership in India’s home services market.Read More
Fitch raised India’s FY26 GDP forecast to 6.9% on strong demand, GST changes, and potential rate cuts, while Yes Bank slightly increased its forecast to 6.6%. However, global trade tensions, crop damage, and weak urban consumption pose risks to growth.Read More
Airfloa Rail Technology launches its IPO on the BSE SME platform. The IPO generates significant grey market demand. Airfloa manufactures railway components and handles interior projects. The company contributes to projects like Vande Bharat Express. Sudhanshu Mani, Vande Bharat Express architect, joins as advisor. Airfloa has a strong order book and impressive financial growth.Read More
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