- Huge earning opportunity for investors
- SEBI approves IPO for 12 companies
- IPOs of companies in the infra, tech and fashion sectors are ready
SEBI Approves 12 IPOs: There is good news for investors in the coming days. Because, the Securities and Exchange Board of India (SEBI) has approved the IPO of 12 companies. Infra in these companies. The market’s parent companies include Hella Infra, Purple Style Labs, Jai Jagdamba, UKB Electronics, CMR Green Technology, Transline Technologies, Medicap Healthcare, Oswal Cables, BVG India, Sai Parenteral and Syfi Infinite Spaces. This will give new opportunities to investors.
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All these companies had filed their IPO documents with SEBI between June and October. Infra in association with Tiger Global. Market operator Hella Infra has proposed an IPO worth Rs 4,500-5,500 crore. The IPO will be a mix of new shares and offers for sale by existing shareholders. Next is Sifi Technologies subsidiary Sifi Infinite, which plans to issue new shares worth Rs 2,500 crore and an offer for sale worth Rs 1,200 crore.
Purple Style Labs, which operates a luxury fashion platform through the Pernia pop-up shop, plans to raise Rs 660 crore through a new share issue only. Other companies are also planning to raise new capital through their IPOs or sell stakes to existing shareholders. After this approval, these companies can start their public sale process. Noida-based electronics manufacturer UKB Electronics is set to launch a fresh issue of Rs 400 crore.
