Particle.news
Download on the App Store
4 ARTICLES
·
4mo ago

SEBI Approves IPOs for Seven Companies, Signaling Market Revival

The approved firms, spanning diverse sectors, aim to raise ₹3,000 crore through fresh issues and promoter share sales, with listings on BSE and NSE expected soon.

SEBI grants approval to six IPOs including Jaro Institute, Sri Lotus, Euro Pratik
SEBI Greenlights IPOs of 7 Companies
Image
Image

Overview

  • The Securities and Exchange Board of India (SEBI) has authorized IPOs for seven companies, including Credila Financial Services, Sri Lotus Developers, and Euro Pratik.
  • These companies plan to collectively raise approximately ₹3,000 crore through a mix of fresh equity issues and offer-for-sale (OFS) components.
  • Credila Financial Services utilized a confidential pre-filing route for its IPO, allowing limited disclosure until formal filings were made.
  • Sectoral diversity includes education finance, real estate, mining, decorative panels, higher education, adhesives, and specialty ingredients.
  • Funds raised will be used for purposes such as debt repayment, business expansion, and general corporate needs, with listings planned on the BSE and NSE.