Sebi seeks clarification from 5 companies on IPO plans
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NEW DELHI: Capital markets regulator Sebi has sought clarification from merchant bankers of five firms including Amar Ujala Publications and Dilip Buildcon regarding their proposed initial public offers (IPOs).
The other companies from which Sebi has sought information are S H Kelkar and Company, Pennar Engineered Building Systems and Syngene International.
Without disclosing the details of clarifications sought, Sebi has said that it is awaiting response from 'Lead Managers' for the proposed public offers.
According to the latest weekly update on the processing status of draft offer documents filed with Sebi, the market regulator has said clarifications were awaited on the IPO of these five companies as on May 15, 2015.
According to the latest weekly update on the processing status of draft offer documents filed with Sebi, the market regulator has said clarifications were awaited on the IPO of these five companies as on May 15, 2015.
According to the latest weekly update on the processing status of draft offer documents filed with Sebi, the market regulator has said clarifications were awaited on the IPO of these five companies as on May 15, 2015.
According to the latest weekly update on the processing status of draft offer documents filed with Sebi, the market regulator has said clarifications were awaited on the IPO of these five companies as on May 15, 2015.
Most of these companies plans to utilise IPO proceeds for business expansion plans and working capital requirements.
So far this year, as many as 10 companies, including Sadbhav Infrastructure Projects, Manpasand Beverages and UFO Moviez India have received Sebi's approval to launch their IPOs. Some of them have already hit the capital markets.
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