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M&B Engineering is ready to launch its IPO on August 6. The IPO was subscribed 38.11 times. It shows a grey market premium of about 12%. The IPO comprised a fresh issue worth Rupees 275 crore. Investor response was strong across all categories. The company will use the IPO proceeds for capex and debt repayment.

BD Industries, a plastic product manufacturer, is set to list on the BSE SME platform on August 6 after a moderately subscribed IPO of Rs 45.36 crore. With a grey market premium of Rs 0, a flat listing is anticipated despite improved financials showing a 52% revenue growth and a 156% surge in profit.

Mehul Colours is set for a promising debut on the BSE SME platform, fueled by a 16% grey market premium. The IPO, which was subscribed 7.98 times overall, saw strong interest from QIBs, non-institutional investors, and retail investors. Proceeds from the IPO will fund a new manufacturing facility and working capital, supporting the company s expansion plans.

Deven Choksey of DRChoksey FinServ Pvt. Ltd. suggests a bullish outlook on commodity metals, anticipating improved global demand and controlled energy costs. While real estate appears fully priced, auto ancillary companies like Bosch, Sundaram group, Minda Corp, and Uno Minda present long-term investment opportunities due to their growth potential in both EV and ICE segments.

Prestige Estates Projects reported a 26% YoY increase in net profit to Rs 292.5 crore for Q1 FY26, driven by higher revenue and strong housing demand. Pre-sales surged fourfold to Rs 12,126.4 crore, boosted by a Ghaziabad project. Analysts predict an 11% upside, with an average target price of Rs 1,787, despite recent price dips and mixed technical signals.

Lupin s shares are in focus following a robust Q1 performance, with net profit surging 52% to Rs 1,221 crore, fueled by strong US and Indian market growth. Sales climbed to Rs 6,164 crore. Nilesh Gupta, MD, highlighted the company s focus on compliance and innovation for sustainable growth.

Pankaj Murarka of Renaissance Investment Managers views Indian equity market as overvalued. They have exited defence exposures due to high earnings expectations. The firm favors digital platforms like Paytm and food delivery services. Murarka remains positive on banking sector, particularly larger banks like HDFC, ICICI, Kotak, and State Bank. He suggests avoiding sectors with valuations ahead of fundamentals.

BlueStone has scaled back its IPO size, aiming to raise Rs 820 crore in primary capital, less than the initially planned Rs 1,000 crore. The omnichannel jewellery retailer is eyeing a valuation of around Rs 7,800 crore with the public listing, lower than its previous funding round.

Rajiv Anand is the new MD and CEO of IndusInd Bank. He faces challenges like reshaping the business and building a new leadership team. The bank s low-cost deposits have decreased. Asset quality has also weakened. Anand aims to balance work with his interests.

For the Salem-Ulundurpet toll road, NARCL has offered ₹280 crore against total debt of about ₹600 crore. The bid for Jaypee Cement stands at ₹270 crore against outstanding debt of ₹2,200 crore. Dalmia Bharat had earlier shown interest in acquiring Jaypee s cement assets.