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.
Patchy rains may hit rural lending, banks stay cautious
Bankers are closely watching monsoon rains and their impact on rural credit. Uneven rainfall poses inflation risks for summer crops and rural incomes. A strong