Bidders who could not get allotment in the IPO may see the initialization of refunds on October 13. Others, who would be allotted shares may see the credit of shares in the demat account by October 14. The listing of the IPO is likely on October 17.
Tamilnad Mercantile Bank reported a 35% year-on-year rise in June quarter net profit to Rs 412 crore, driven by higher income and net interest income.
Seven BSE 150 MidCap stocks scaled fresh 52-week highs as Sensex surged 776 points in a broad-based rally. Lloyds Metals & Energy, Laurus Labs and
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