Latest news with #VeedaClinicalResearch
Reuters
24-07-2025
- Business
- Reuters
Indian markets regulator greenlights PhysicsWallah's pre-IPO draft filing
July 24 (Reuters) - India's market regulator has approved the pre-filing of draft initial public offering (IPO) papers by ed-tech firm PhysicsWallah, according to a notification on the Securities and Exchange Board of India's (SEBI) website on Thursday. The pre-filing route allows companies to submit draft IPO documents confidentially for regulatory review before making them public. PhysicsWallah filed draft papers with the SEBI through the confidential route, the Times of India newspaper reported, opens new tab in March, citing sources. The company is planning to raise about 46 billion rupees ($532.8 million) through the offering, which comprises both a fresh issue of shares as well as shares on offer for sale, the report added. Indian IPO market, which had a slow start to the year, has recently gained traction, with about 10 company listings on the bourses in July so far and three more IPOs currently open. The regulator has approved IPOs of companies including WeWork India, Veeda Clinical Research and Seedworks International, among others, in July. ($1 = 86.3900 Indian rupees)
Time of India
08-07-2025
- Business
- Time of India
Sebi clears IPO proposals of 5 companies; WeWork India's public offer taken out of abeyance
Capital markets regulator Sebi has granted key approvals for five companies to proceed with their IPOs, according to the regulator's latest weekly update. Additionally, WeWork India 's much-anticipated IPO proposal has moved out of abeyance and is now under final review. Among the companies that received observation letters, which amounts to an essential green light from Sebi, are Veeda Clinical Research, a major contract research organization. The Ahmedabad-based firm filed for an IPO consisting of both fresh issue and offer for sale (OFS). Shringar House of Mangalsutra, a niche player in the jewelry sector, also secured approval for its fresh issue IPO on July 4. RITE Water Solutions India, known for its work in decentralized water infrastructure and sustainability-focused solutions, received observation for its mixed-mode IPO (Fresh + OFS) on the same day. Two other firms, Seedworks International, an agriculture-focused seed technology provider, and LCC Projects, an infrastructure player, also received approvals during the week ending July 4. Their observation letters were issued on July 4 and July 3 respectively. The approvals come at a time when the primary markets are witnessing a resurgence of investor interest, especially in small and mid-sized companies tapping equity markets to fuel their next phase of growth. Meanwhile, WeWork India, one of the country's leading flexible workspace operators, has seen its IPO proposal move forward. The company's draft offer document is no longer under abeyance and is currently awaiting final observations from Sebi, as per the July 4 update. According to the draft prospectus, WeWork India's public issue comprises an OFS of up to 43,753,952 equity shares. Of this, 33,458,659 shares will be offloaded by Embassy Buildcon LLP, the promoter selling shareholder, and 10,295,293 shares by 1 Ariel Way Tenant, the investor shareholder.
Economic Times
08-07-2025
- Business
- Economic Times
Sebi clears IPO proposals of 5 companies; WeWork India's public offer taken out of abeyance
Capital markets regulator Sebi has granted key approvals for five companies to proceed with their IPOs, according to the regulator's latest weekly update. Additionally, WeWork India's much-anticipated IPO proposal has moved out of abeyance and is now under final review. ADVERTISEMENT Among the companies that received observation letters, which amounts to an essential green light from Sebi, are Veeda Clinical Research, a major contract research organization. The Ahmedabad-based firm filed for an IPO consisting of both fresh issue and offer for sale (OFS). Shringar House of Mangalsutra, a niche player in the jewelry sector, also secured approval for its fresh issue IPO on July 4. RITE Water Solutions India, known for its work in decentralized water infrastructure and sustainability-focused solutions, received observation for its mixed-mode IPO (Fresh + OFS) on the same day. Two other firms, Seedworks International, an agriculture-focused seed technology provider, and LCC Projects, an infrastructure player, also received approvals during the week ending July 4. Their observation letters were issued on July 4 and July 3 respectively. The approvals come at a time when the primary markets are witnessing a resurgence of investor interest, especially in small and mid-sized companies tapping equity markets to fuel their next phase of growth. ADVERTISEMENT Meanwhile, WeWork India, one of the country's leading flexible workspace operators, has seen its IPO proposal move forward. The company's draft offer document is no longer under abeyance and is currently awaiting final observations from Sebi, as per the July 4 to the draft prospectus, WeWork India's public issue comprises an OFS of up to 43,753,952 equity shares. Of this, 33,458,659 shares will be offloaded by Embassy Buildcon LLP, the promoter selling shareholder, and 10,295,293 shares by 1 Ariel Way Tenant, the investor shareholder. ADVERTISEMENT (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
