Enviro Infra Engineers is set to debut on stock exchanges with a predicted premium of 20-33%. The IPO received robust subscriptions due to reasonable valuations and the growing importance of water and wastewater infrastructure. Analysts suggest investors who received allotments can book profits if the premium exceeds 25% due to market volatility.
RBI eases restrictions on cash credit accounts, eases current account norms
The Reserve Bank of India has lifted all restrictions on banks opening and maintaining cash credit accounts, offering greater flexibility for short-term working capital loans.