SEBI clears eight IPOs including Mahanadi Coalfields and Veritas Finance
In short
SEBI has cleared eight companies for IPOs, including Mahanadi Coalfields, Veritas Finance, Razorpay and MakeMyTrip’s Indian subsidiary. Their planned issues include both fresh share sales and offers for sale.
What the reporting says
SEBI has cleared eight IPOs, including Mahanadi Coalfields, Veritas Finance, Razorpay and MakeMyTrip’s Indian subsidiary, bringing them closer to public offerings. The proposed issues span fresh capital raises and offers for sale, with different sizes and structures.
Why it matters
SEBI has cleared eight IPOs, including Mahanadi Coalfields, Veritas Finance, Razorpay and MakeMyTrip’s Indian subsidiary, moving them closer to public offerings. The proposed issues include a mix of fresh capital raises and offers for sale, with varied sizes and structures. The approval strengthens India’s IPO pipeline and matters to investors tracking upcoming listings.