Urban Company IPO: 313× Subscription
Your daily dose of business news
🗞️ IPO windfall: investors put in ₹4,500 cr across six issues
Retail and anchor interest surged as investors collectively put ₹4,500 crore into six new IPOs this week, signalling strong primary-market appetite.
🗞️ India in active dialogue with US on FTA
Officials say India is in active dialogue with the United States to push forward a free-trade pact that could ease tariffs and boost bilateral commerce.
🗞️ Gold rises ₹250 to fresh peak of ₹1.13 lakh/10g
Domestic gold prices climbed about ₹250, taking 24K to a fresh peak near ₹1.13 lakh per 10g as investors sought safe havens.
💬 Expert Take — Sunil Bhandari, Commodity Strategist: “Geopolitical jitters and portfolio hedging pushed gold further — short-term profit-taking is possible, but the structural bid remains intact.”
🗞️ Urban Company IPO fully booked; 313× subscription
Urban Company’s IPO was fully subscribed within hours, closing with roughly 313× subscription, reflecting strong retail demand for service-economy listings.
💬 Expert Take — Rohit Mehta, Equity Research: “A 300×-plus subscription shows retail enthusiasm, but listing performance will depend on the company’s path to profitability and execution.”
🗞️ Zomato, Uber partner with govt for road-safety push
Zomato and Uber joined a government road-safety initiative to promote safer driving standards for delivery and ride-hail fleets nationwide.
🗞️ Equity mutual fund inflows dip 22% MoM in August
Net inflows into equity mutual funds fell 22% month-on-month to ₹33,430 crore in August, indicating some profit-taking after recent rallies.
🗞️ Bank credit to touch ₹19–20.5 trillion in FY26: ICRA
ICRA projects bank credit growth of ₹19–20.5 trillion in FY26, with NBFCs likely to grow 15–17% as corporate capex picks up.
🗞️ India’s FMCG market set to triple by 2030
Industry estimates show India’s FMCG market could nearly triple to about $778 billion by 2030, driven by rural demand, premiumisation and digital reach.
📊 Market Update
📈 Sensex: 81,425.15 ▲ +323.83 (+0.40%).
📈 Nifty 50: 24,973.10 ▲ +104.50 (+0.42%).
💱 USD/INR: ₹88.17 (approx close).
🪙 Gold (24K retail): ₹11,051 / g ≈ ₹1,10,510 / 10g (fresh peak).
🛢️ Brent crude: $66.74 / bbl.