Shringar House of Mangalsutra IPO, worth Rs 400.95 crore, saw strong demand, subscribing over 60 times. Allotment will be announced on September 15, with listing on September 17. The grey market premium of Rs 31 suggests potential 18–19% gains, though the actual listing price may vary.
Axis Bank Q2 profit up 38% on loan growth
Axis Bank has showcased impressive results with a 38% surge in net profit for the quarter ending in September. This significant growth stems from strong