Spices manufacturer Pushp Brand (India) is reportedly preparing to file its draft red herring prospectus for an IPO exceeding ₹1,000 crore by the end of May. The Indore-based firm, known for its ‘Pushp Masale’ brand, plans a mixed offering of fresh shares and an offer for sale. ICICI Securities and IIFL Capital Services are expected to manage the issue.
NFO flows hit a 5-year low in June quarter, SIPs stay robust
New fund offer collections by asset management companies fell significantly. Funds raised through new fund offers reached a five-year low in June. This sharp decline