Urban Company IPO closed with a massive 103.6x subscription, led by QIBs and NIIs. Allotment will be finalised on September 15, with listing on September 17. GMP stands at Rs 56, indicating a potential 54% listing gain, though actual price may vary with market sentiment.
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.