Ken Enterprises is set to debut on the NSE SME platform, with its IPO seeing a 4-times subscription led by retail investors. Funds from the IPO will be used for acquisitions, new machinery, and facility renovations. The company, known for its diverse fabric offerings, achieved a revenue of Rs 409 crore in FY24.
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