SEBI Clears Seven IPOs Across Sectors After Observation Letters

Overview

• SEBI issued observation letters between December 8 and 12, confirming clearance for seven upcoming public offers.
• The approved issuers are Fusion CX, Orient Cables, Yashoda Healthcare, Turtlemint Fintech Solutions, RSB Retail India, SFC Environmental Technologies, and Lohia Corp.
• Fusion CX proposes a Rs 1,000 crore offer (Rs 600 crore fresh issue and Rs 400 crore OFS), while Orient Cables plans Rs 700 crore (Rs 320 crore fresh and Rs 380 crore OFS).
• Other structures include SFC Environmental’s fresh issue of Rs 150 crore plus an OFS of 1.23 crore shares, and Lohia Corp’s offer consisting entirely of an OFS of about 4.22 crore shares.
• Market sources peg the combined pipeline at over Rs 6,000 crore, with Yashoda and Turtlemint using the confidential pre‑filing route and RHPs, price bands, and listing schedules to be announced for planned BSE and NSE listings.