Astonea Labs’ IPO allotment is expected to be finalized today, with shares potentially credited to successful bidders by June 2 and listing on June 3. The IPO saw a subscription of 1.79 times, driven by NII interest, but QIB participation was weak. The grey market premium is currently zero, suggesting a listing around the issue price of Rs 135.
Corporate loan demand outpaces retail credit as firms shift from bonds to banks
Corporate sector borrowing from banks is accelerating past individual loans, driven by companies seeking cost savings as corporate bond yields climb. Recent RBI rate cuts