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Gold prices rose on Monday, hovering near an all-time high, fueled by a weaker U.S. dollar and growing expectations for Federal Reserve interest rate cuts later this year. Traders are currently pricing in a 90% chance of a Fed cut in October. This surge occurred despite weakening physical demand in China, while other Asian hubs saw steady buying.

Chiraharit SME IPO will open on September 29. The issue price is Rs 21 per share. It is a fresh issue of 1.48 crore equity shares. The company provides solutions in water and renewable energy sectors. It also undertakes construction projects. Chiraharit s revenue nearly doubled in FY25. Profit after tax surged 898%.

Tata Capital has fixed the price band for its Rs 15,511 crore IPO at Rs 310-326 per share. The issue, opening on October 6, includes a fresh equity issue and an OFS. Shares are set to list on NSE and BSE on October 13.

Vijaypd Ceutical will launch its IPO on September 29. The company aims to raise Rs 19.25 crore. Shares are priced at Rs 35 each. Vijaypd Ceutical distributes pharmaceutical products. Revenue nearly doubled in recent years. IPO proceeds will fund a new manufacturing plant. Some funds will repay company borrowings. Listing is scheduled for October 7.

Logistics firm Glottis Rs 307-crore IPO opens Monday, priced at Rs 120-129 per share, listing October 7. The issue, funding expansion, shows strong financials and a renewable energy niche. However, working capital and receivables concerns lead to a "subscribe for long-term" recommendation for high-risk investors.

Solvex Edibles initial public offering closed. Investor response was tepid. The company s shares are listing today. The grey market premium held flat at zero percent. This suggests limited listing day excitement. The issue received 1.02 times subscription overall. Retail portion subscription was 0.73 times. Solvex Edibles makes rice bran oil and by-products.

Prime Cable Industries is poised for its stock market debut on Monday, with modest expectations for its listing. Despite the IPO being oversubscribed 8.28 times across all categories, a grey market premium of just 4% suggests a flat-to-marginal opening. The company reported strong FY25 financials, yet analysts indicate its current valuation leaves little room for immediate upside.

Chairman Sunil Mehta earned Rs 96.25 lakh in sitting fees during FY25, more than doubling from Rs 47.95 lakh in the year before. This payout is in addition to Mehta s Rs 30-lakh fixed annual remuneration, which remained unchanged, showed the bank s FY25 annual report. Mehta s three-year term is set to end on January 30, 2026. People familiar with the matter told ET that between March and August 2025, the board is understood to have convened 180-200 meetings, significantly higher than in the same period last year.

India s IPO market witnessed a vibrant boom from October 2024 to September 2025, defying secondary market uncertainty by raising nearly double the funds compared to the previous year. Driven by robust domestic liquidity and a diverse mix of issues, 86 IPOs mobilised ₹1,70,897 crore. Experts anticipate this frenzy to continue as money shifts from secondary to primary markets.

Indian equities face continued underperformance, trailing global peers due to earnings disappointment and significant overseas exits. While corporate earnings revival is anticipated only by FY27, a resolution to the India-US tariff dispute is seen as the immediate trigger to push Sensex and Nifty towards new all-time highs.