Newmalayalam Steel will debut on the NSE SME platform on Friday, with shares expected to list at a 33% premium over the issue price. The public offer proceeds will be used for technological upgrades, solar facility expansion, and brand building. The company manufactures galvanised pipes and tubes for households in Kerala.
AU Small Finance Bank Q2 profit jumps 53% to Rs 858 crore
AU’s gross non-performing assets ratio fell 42 basis points (bps) to 1.99% at the end of September. This helped in 25% lower provision at Rs