Ixigo, Keventer Agro, Sahajanand Medical gets SEBI’s approval to float IPOs
- ByStartupStory | December 21, 2021
Cardiac stent maker Sahajanand Medical Technologies and food and beverage major Keventer Agro have received regulatory approval from Sebi to float their initial public offerings (IPOs). In addition, Le Travenues Technology Ltd, which operates travel platform Ixigo also received markets regulator Sebi’s go-ahead to raise ₹1,600 crore through an initial share-sale.
These three companies, which filed their preliminary IPO papers with Sebi between August and September, obtained an observation letter from the regulator during December 16-17.
Le Travenues Technology’s IPO comprises fresh issuance of shares worth ₹750 crore and an offer-for-sale (OFS) of equity shares to the tune of ₹850 crore by existing shareholders.
Sahajanand Medical Technologies’ initial share-sale consists of fresh issuance of equity shares worth ₹410.33 crore and an offer-for-sale of equity shares to the tune of ₹1,089.67 crore by selling shareholders.
Keventer Agro’s IPO comprises fresh issuance of equity shares worth ₹350 crore and an offer-for-sale of 10,767,664 equity shares by Mandala Swede SPV.
In Sebi parlance, the issuance of observation letter implies its go-ahead for the IPO.
Follow Startup Story
Related Posts
