Aritas Vinyl’s Rs 38 crore IPO is now open, but the grey market shows no premium, suggesting a flat listing. The issue, priced between Rs 40-47, aims to fund working capital and a solar project. With a significant portion reserved for retail investors, the company manufactures artificial leather for various sectors and exports globally.
AU Small Finance Bank Q2 profit jumps 53% to Rs 858 crore
AU’s gross non-performing assets ratio fell 42 basis points (bps) to 1.99% at the end of September. This helped in 25% lower provision at Rs