Shreenath Paper Products’ IPO received a tepid response, with subscription just over 1x. Investors can check allotment status via BSE or Bigshare Services’ websites. The IPO aims to raise Rs 23 crore with shares priced at Rs 44 each. The company specializes in supply chain solutions for paper-based industries. The listing is set for March 5.
US inflation tops 4% for first time in three years, keeping Fed hike in play
US inflation climbed to 4.1% in May, driven by rising energy prices, keeping the Federal Reserve’s interest rate hike plans on the table for September.