Liotech Industries is launching its Rs 36 crore initial public offering on June 17. The bidding will be open until June 19. Shares are expected to list on the BSE SME on June 24. The company plans to use the funds for machinery, debt repayment, and working capital. This will help Liotech Industries expand its manufacturing and geographical reach.
India’s InvIT sector recorded strong growth in FY26, with Rs 7,719 crore distributed in Q4 alone and cumulative payouts crossing Rs 91,000 crore. Assets under management rose to Rs 7.1 lakh crore, while market cap and investor participation expanded, reflecting rising confidence in infrastructure-linked investment vehicles.
The Indian rupee strengthened for the third day in a row. This rise was supported by positive sentiment and anticipation of a U.S.-Iran peace agreement. Lower oil prices also boosted the rupee. Traders are now awaiting details of the peace deal and guidance from the U.S. Federal Reserve. The rupee is expected to continue its appreciation in the near term.
Arvind SmartSpaces Ltd is embarking on a new chapter in Ahmedabad by partnering with a landowner for an ambitious residential development on Kerala-Nalsarovar Road. This strategic collaboration is expected to unlock a revenue potential of Rs 180 crore, further enhancing the company’s diverse portfolio of real estate projects across the country.
Sandisk surged as investors embraced AI infrastructure growth, benefiting from rising demand for advanced storage solutions. Additional momentum came from SpaceX’s IPO, Western Digital’s stake reduction, and optimism around AI-driven data expansion.
Indian aluminium stocks saw a sharp decline today. This happened as aluminium prices crashed significantly. The drop followed news of an Iran-US peace deal framework. This deal improves prospects for deliveries from Gulf producers. The reopening of the Strait of Hormuz is expected to impact Indian producers further.
HomeLane, an Indian home interiors platform, is planning an IPO within 12 to 24 months to fund expansion into new cities and adjacent furnishing categories. The company aims for profitability, projecting significant revenue growth by fiscal 2031, and is investing in AI to enhance design efficiency and reduce costs.
Insurtech firm Turtlemint Fintech Solutions is set to launch its IPO on June 19, aiming to raise up to Rs 883 crore. The offering includes a fresh issue and an offer-for-sale, with proceeds intended for infrastructure, technology teams, and marketing. The company, founded in 2015, simplifies insurance policy purchase and management for customers and advisors.
YES Bank shares gained after the lender announced a strategic partnership with Northern Arc Capital. The collaboration aims to expand credit access, accelerate digital lending, and provide debt investment opportunities to customers.
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