SEBI gives green signal to five companies for IPOs
The companies plan to raise capital through a combination of fresh issues and offers for sale.
The Securities and Exchange Board of India (SEBI) has approved the initial public offerings (IPOs) of Epack Prefab Technologies, SSF Plastics India, Gujarat Kidney and Super Specialty, Anand Rathi Share And Stock Brokers and Prestige Hospitality Ventures.
While the IPO of Epack Prefab will be a combination of a fresh issue of Rs.300 crore and an offer for sale (OFS) of 1 crore shares, SSF Plastic’s IPO offers a fresh issue of Rs.300 crore and an OFS of Rs.250 crore.
Gujarat Kidney and Super Specialty’s IPO will raise capital from a fresh issue of 2.2 crore shares. Anand Rathi Share And Stock Brokers will raise Rs.745 crore from a fresh issue of shares. Prestige Hospitality’s Rs.2,700 crore issue consists of a fresh issue of Rs.1,700 crore and an OFS of Rs.1,000 crore.