Vikran Engineering, backed by marquee investors, is set to debut on the bourses after its Rs 772 crore IPO saw robust subscription across investor categories. Despite strong fundamentals, including a 32% revenue CAGR and a Rs 5,120 crore project pipeline, the grey market premium signals only modest listing gains. Analysts highlight growth visibility but flag working capital and regulatory concerns.
Food delivery, QSR stocks slip on LPG shortage fears
Restaurant and delivery platform stocks saw a dip on Thursday. A shortage of commercial LPG cylinders is disrupting operations. This is impacting kitchen functions in