IPO: The IPOs of these companies along with Bajaj Housing Finance will soon hit the market, creating excitement in the stock market.
IPO: Markets regulator Sebi has approved five companies including Bajaj Housing Finance and Manba Finance to launch their IPOs. According to information received from Sebi, Bazar Style Retail, Diffusion Engineers Ltd and Deepak Builders and Engineers India have also been given the green signal for the IPO. On July 31, Sebi rejected the draft documents for the IPO of Chandan Textiles Ltd and issued a Rs. It also lifted restrictions on SK Finance's proposed IPO worth Rs 2,200 crore. Additionally, SEBI issued regulatory watch letters to five companies that submitted IPO documents between March and June, allowing them to proceed with public offerings. IPO to be launched soon Bajaj Housing Finance is planning an IPO to raise around Rs 7,000 crore, of which Rs 4,000 crore will come from fresh shares and Rs 3,000 crore from its parent company. The move is in line with RBI's norms under which top non-banking financial institutions must go public by September 2025. In Manaba Finance's upcoming IPO, only 1.26 crore new shares will be issued and no shares will be offered for sale. Also Read: Bangladesh: Indian market unfazed by Bangladesh's internal strife, S&P's big report, plans to go public, Maharashtra-based Manaba Finance is now fully on its promoters. Bazaar Style Retail's IPO includes fresh shares worth Rs 148 crore and an offer for sale of 1.68 crore shares from promoter group companies and other shareholders. 98.5 lakh new equity shares included in Diffusion Engineers' IPO, Deepak Builders and Engineers India's IPO will issue 1.2 crore new equity shares and there will be a plan to sell 24 lakh equity shares through promoters. These companies plan to list their shares on both BSE and NSE. Also Read: Shares unable to sustain initial gains, Sensex-Nifty slide The post IPO: IPOs of these companies along with Bajaj Housing Finance to hit the market soon, stocks buzz. Prabhat Kabar.