IPO Market News: 8 companies including Defense Equipment Manufacturer SMPP, Brigade Hotel and PVC Blend based Consuction Material Manufacturer Kumar Arch Tech have got approval from market regulator SEBI to bring their initial public offering (IPO). These 8 companies have received SEBI approval to collectively raise an amount of more than Rs 6,500 crore. SEBI received requests to bring IPOs from these companies between October and November.
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These companies get approval
Other companies that have been approved by the Securities and Exchange Board of India (SEBI) to bring IPOs include solarworld energy solutions, Indogalf Cropsines, Globe Civil Projects and Prostaram Info Systems. Market regulator gave this information on 4 February 2025. The target of these firms is to raise more than Rs 6,500 crore funds in total.
SEBI received requests to bring IPOs from these companies between October and November. For this, SEBI released conclusions between 28-31 January. Finding conclusions in SEBI language means allowing public issue. Meanwhile, the vehicle Qalpaza company Winnie Corporation withdrew its application to bring an IPO on January 27 without giving any reason.
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Which IPO has a size
- According to the draft of the documents, SMPP Limited’s IPO of Rs 4,000 crore includes a new issue of equity shares up to Rs 580 crore.
- Apart from this, the promoter Shiv Chand Kansal will bring the sale of shares up to Rs 3,420 crore (OFS).
- Brigade Hotel Ventures is planning to raise Rs 900 crore through IPO. The amount of Rs 481 crore received from this issue will be used to repay the loan. Apart from this, Rs 412 crore will be allocated to the company and Rs 69 crore to its subsidiary SRP Prosperita Hotel Ventures Limited.
- The IPO of Kumar Arch Tech includes a fresh issue of Rs 240 crore and OFS of Rs 500 crore.
- The IPO of Solarworld Energy Solutions includes a fresh issue of Rs 550 crore and OFS of Rs 50 crore.
- Indogalf Cropsinsage is trying to raise Rs 200 crore from IPO.
- The IPO of Globe Civil Projects is completely in the form of fresh issue of 1.9 crore equity stocks.
- Similarly, the IPO of Postaram Info Systems, a company that prepares the electrocity product solution, has a fresh issue of 1.6 crore equity shares and does not include any OFS.