Akme Fintrade’s IPO, priced at Rs 114-120 per share, aims to raise Rs 132 crore through a fresh equity sale. Analysts caution investors due to risks, with Swastika Investmart assigning a neutral rating. Gretex Corporate Services is the booking running lead manager.
Insurers may face higher crop cover claims in Andhra Pradesh, Maharashtra, Karnataka
In Maharashtra, insurers’ liability could be capped at Rs 1,540 crore before the state government takes over claims beyond that level. The state has declared