Shree Refrigerations is set for a strong debut on the BSE SME platform, with grey market premiums suggesting a listing price of around ₹195, a 56% jump over the IPO price of ₹125. The IPO saw overwhelming investor interest, subscribing 187.55 times overall.
Tamilnad Mercantile Bank Q1 profit jumps 35% on strong income growth
Tamilnad Mercantile Bank reported a 35% year-on-year rise in June quarter net profit to Rs 412 crore, driven by higher income and net interest income.