Shyam Dhani IPO Subscribed 59x
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🗞️ Shyam Dhani Industries IPO subscribed 59x on Day 1
The Shyam Dhani Industries IPO witnessed massive demand with 59x subscription on Day 1, while the grey market premium surged beyond 65%, reflecting strong SME investor appetite.
💬 Expert Take — “Such extreme Day-1 demand underscores the risk-on sentiment in SME IPOs, though volatility post-listing remains high.”
🗞️ Only two SME IPOs left in 2025 with GMP above 50%
Out of the ten SME IPOs scheduled for the rest of 2025, only two currently show GMP above 50%, signalling selective investor enthusiasm as valuations rise.
🗞️ Firms turn to AI tools to keep pace with tax compliance
Indian companies are increasingly deploying AI-powered tools to manage audits, filings, and data reconciliation as tax scrutiny intensifies.
🗞️ PM SVANidhi scheme to benefit 1.15 crore street vendors
The PM SVANidhi scheme aims to support 1.15 crore street vendors, including 50 lakh new beneficiaries, by providing affordable credit and digital enablement.
🗞️ India–Oman trade pact to be rolled out in three months
India and Oman will work to roll out their trade pact within the next three months, boosting bilateral trade and investment flows.
🗞️ MSME ministry rolls out NSSH scheme for SC–ST entrepreneurs
The Ministry of MSME has implemented the National SC–ST Hub (NSSH) to promote entrepreneurship among SC–ST communities and meet the mandated 4% procurement norm.
🗞️ Ambuja Cements approves merger of ACC and Orient Cement
Ambuja Cements has approved the amalgamation of ACC and Orient Cement, creating a pan-India cement powerhouse with enhanced scale and efficiencies.
💬 Expert Take — “This consolidation strengthens Ambuja’s footprint and pricing power in a capacity-constrained cement market.”
🗞️ MUFG raises target price on Shriram Finance
MUFG has raised its target price on Shriram Finance to ₹1,225, citing improved deal economics and stronger return ratios.
📊 Market Update
📈 Sensex: 85,567.48 ▲ 638.12 pts (+0.75%)
📈 Nifty 50: 26,172.40 ▲ 206.00 pts (+0.79%)
🪙 Gold (per gram): 24K ₹13,615 ▲ ₹197 | 22K ₹12,480 ▲ ₹180
🥈 Silver (per kg): ₹2,19,000 ▲ ₹5,000