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India Business News: The Securities and Exchange Board of India (Sebi) has given approval to four companies to raise funds through initial public offerings (IPOs). Fedbank
Before this, the Mumbai-based realty film filed its draft IPO papers in March 2022.
Suraj Estate Developers IPO: The IPO is entirely a fresh issue of equity shares worth up to Rs 400 crore with no offer for sale (OFS) component, according to the fresh draft red herring prospectus (DRHP) filed on Monday.
New Delhi, Mar 7: Suraj Estate Developers Ltd has filed preliminary papers with capital markets regulator Sebi to mop-up Rs 500 crore through an initial public offering (IPO). The funds will be raised through fresh issuance of equity shares, the draft red herring prospectus (DRHP) filed with Sebi showed on Monday. Funds to the tune of Rs 315 crore will be used for payment of the borrowings of the company and its subsidiaries — Accord Estates, Iconic Property Developers and Skyline […]