Urban Company’s IPO witnessed strong demand, subscribed 5.53 times by the second day, with retail investors leading the charge. The IPO traded at a premium in the grey market, signaling a potential listing price near Rs 138. While analysts consider the issue fully priced, brokerages recommend subscribing for the long term, citing Urban Company’s market leadership and growth potential. Post navigation India-US trade deal: India’s chief trade negotiator may travel to America next week; Modi-Trump call likely soon Merchandise trade deficit may narrow to $26.1bn in Aug on festive gold demand
