Five companies get Sebi approval for IPOs
SEBI has given the green light to five companies—Epack Prefab Technologies, SSF Plastics India, Gujarat Kidney, Anand Rathi Share And Stock Brokers, and Prestige Hospitality Ventures—to launch their IPOs. These companies plan to raise capital through a combination of fresh issues and offers for sale.
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MUMBAI: Epack Prefab Technologies, SSF Plastics India, Gujarat Kidney and Super Specialty, Anand Rathi Share And Stock Brokers and Prestige Hospitality Ventures have received the Securities and Exchange Board of India's approval to proceed with their initial public offerings (IPOs).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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Time of India
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Time of India
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