Which companies received Sebi approval for IPOs recently?

Yashoda Healthcare Services, Fusion CX, Orient Cables, Turtlemint Fintech Solutions, RSB Retail India, SFC Environmental Technologies, and Lohia Corp have received Sebi approval.

How much money are these seven companies expected to raise through their IPOs?

Collectively, these seven companies are expected to raise over ₹6,000 crore through their IPOs.

What is the 'confidential pre-filing route' for IPOs?

The confidential pre-filing route allows companies to withhold public disclosure of IPO details until later stages of the process.

Home / Business and Economy / Seven Companies Eye IPO Success, Raising Over ₹6,000 Crore

Seven Companies Eye IPO Success, Raising Over ₹6,000 Crore

16 Dec

•

Summary

Seven companies, including Yashoda Healthcare and Turtlemint, received Sebi approval for IPOs.
These IPOs are collectively expected to raise over ₹6,000 crore.
Companies utilized the confidential pre-filing route for IPO disclosures.

Seven Companies Eye IPO Success, Raising Over ₹6,000 Crore

Seven companies, including prominent names like Yashoda Healthcare Services, Fusion CX, and Orient Cables, have received the Securities and Exchange Board of India's (Sebi) approval to launch their Initial Public Offerings (IPOs). Market sources indicate that these combined public issues are anticipated to generate over ₹6,000 crore.

The firms approached Sebi between May and September, with regulatory observations, a precursor to IPO clearance, being granted between December 8-12. Notably, Yashoda Healthcare and Turtlemint Fintech Solutions utilized the confidential pre-filing route, allowing for delayed public disclosure of their draft IPO documents. This strategic move enables companies to manage market timing and information release more effectively.