Vandan Foods, a Gujarat-based castor oil manufacturer, launched its IPO today, aiming to raise ₹30.36 crore. The IPO, priced at ₹115 per share, closes on July 2 and consists of a fresh issue of 26.40 lakh equity shares. Funds will support working capital, debt repayment, and facility expansion. With strong financials showing revenue of ₹72.
Auto sector still robust, but limited upside left at current valuations: Anand Tandon
Market expert Anand Tandon observes that while the Indian auto sector shows resilience, its optimism is largely priced into current valuations, which appear stretched globally.