Sebi approves HDB Financial, Vikram Solar among six IPOs
Sebi has approved IPOs of six companies from sectors like renewable energy, finance, steel, chemicals, jewelry, and logistics. Notable names include Vikram Solar, HDB Financial, and A-One Steels, reflecting a strong IPO pipeline and diversified market interest.
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HDB Financial Services IPO
A-One Steels India IPO
Shanti Gold International IPO
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Dorf-Ketal Chemicals IPO
Shreeji Shipping Global IPO
Capital markets regulator Sebi has recently granted approval to six companies for their initial public offerings (IPOs), signaling a robust pipeline in the Indian capital markets. These approvals span diverse sectors, including renewable energy, financial services, steel manufacturing, specialty chemicals, jewelry, and logistics.Kolkata-based Vikram Solar, a leading solar energy solutions provider, received Sebi's nod on May 29. The company had filed its Draft DRHP in October last year. The IPO comprises a fresh issue of equity shares aggregating up to Rs 1,500 crore and an offer for sale (OFS) of up to 1.75 crore shares by existing shareholders. Vikram Solar specializes in manufacturing solar photovoltaic modules and providing engineering, procurement, and construction (EPC) services.A subsidiary of HDFC Bank, HDB Financial Services also secured Sebi approval after filing its DRHP in November last year. The IPO aims to raise Rs 12,500 crore, consisting of a fresh issue of Rs 2,500 crore and an OFS of Rs 10,000 crore by HDFC Bank. HDB Financial offers a range of secured and unsecured loans and operates through a network of over 1,680 branches across India.Integrated steel manufacturer A-One Steels filed its DRHP in January 10 this year. The IPO includes a fresh issue of Rs 600 crore and an OFS of Rs 50 crore. The company is known for producing a diverse range of long and flat steel products and holds a significant position in Southern India's steel industry.Mumbai-based Shanti Gold International specialises in jewelry manufacturing. The IPO consists of a fresh issue of up to 1.81 crore equity shares with a face value of Rs 10 each. Shanti Gold focuses on crafting a variety of gold jewelry pieces, catering to both domestic and international markets.Dorf-Ketal Chemicals, a specialty chemicals manufacturer based in Kachchh, Gujarat, received Sebi approval on May 27 after submitting its DRHP early this year. The IPO aims to raise Rs 5,000 crore, comprising a fresh issue of Rs 1,500 crore and an OFS of Rs 3,500 crore. The company serves various industries, including oil and gas, refining, and petrochemicals, with its innovative chemical solutions.Jamnagar-based Shreeji Shipping Global's IPO consists entirely of a fresh issue of 2 crore equity shares with a face value of Rs 10 each. Shreeji Shipping provides shipping and logistics solutions for dry bulk cargo across ports in India and Sri Lanka, operating a fleet of over 75 vessels.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
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