Prime Cable Industries is set to launch its IPO on September 22. The company aims to raise Rs 40 crore through fresh equity and an offer-for-sale. The IPO will close on September 24, with listing on September 29. The company will use the funds for capital expenditure, debt repayment, and working capital. Revenue rose 71% in FY25 to Rs 141.
MGL rides PNG adoption wave, analysts see further upside
Mahanagar Gas shares have surged on government’s push for piped natural gas adoption, aiming for a 20% customer base increase. This move is expected to