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Honasa Consumer Ltd., which owns FMCG brands Mamaearth and The Derma Co., and healthcare tech firm Indegene Ltd. have received markets regulator SEBI's clearance to raise funds through Initial Public Offerings (IPOs). In addition, engineering, procurement and construction (EPC) firm Vishnu Prakash R Punglia Ltd. obtained SEBI's go-ahead to float the initial share sale.
Credo Brands Marketing: The IPO with a face value of Rs 2 is a complete offer for sale (OFS) of up to 19.63 million shares by Promoter, Promoter Group and other selling shareholders.
If the listing plans fructify, NSDL would become the second depository services company to be listed on the domestic bourses, post the bumper market debut of peer CDSL in 2017
If the listing plans come to fruition, NSDL will become the second depository services company to be listed on domestic stock exchanges, following the successful market debut of its peer, Central Depository Services Limited (CDSL), in 2017
Post IPO, the dates of which are not yet announced, the stock would be listed on BSE. The IPO includes a reservation of equity shares for subscription by eligible employees.