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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, 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.
Other companies receiving the go-ahead include RSB Retail India, SFC Environmental Technologies, and Lohia Corp, all preparing to list on major stock exchanges like the BSE and NSE. This influx of IPOs underscores a vibrant period for India's primary markets, with companies leveraging the opportunity to raise substantial capital for growth and debt repayment.
