The company plans to raise ₹98.6 crore through its SME IPO by issuing 1.18 crore fresh equity shares, with a listing on the NSE SME platform. The net proceeds will be utilized for long-term working capital needs and general corporate purposes.
Market expects one more rate cut as inflation stays benign
Indian economists and bond market experts expect another quarter percentage point cut in policy rates. This follows the Reserve Bank of India’s recent rate reduction