Five companies get Sebi approval for IPOs
ADVERTISEMENT The regulator said it has issued 'observations' to five companies for the public issue. When a company receives a final observation from Sebi, it's a signal from the regulator to go ahead with the IPO process.
The IPO of Epack Prefab will be a combination of fresh issue of Rs 300 crore and an offer for sale of one crore shares. SSF Plastic's offer consists of a fresh issue of Rs 300 crore, and an offer for sale of Rs 250 crore.
Gujarat Kidney and Super Specialty's IPO will raise capital from a fresh issue of 2.2 crore shares. Anand Rathi Share And Stock Brokers will raise Rs 745 crore from a fresh issue of shares. Prestige Hospitality's Rs 2,700- crore issue consists of a fresh issue of Rs 1,700 crore and an OFS of Rs 1,000 crore.
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