From boat to urban company: Sebi approves 13 IPOs in a week while markets brace themselves to mention a flood

The IPO market tree is in full swing, Capital Markets Regulator Sebi has given the green light to 13 companies in just one week to launch their first stock sales. Among the companies that have obtained approval, the remarkable name Urban Company, which has submitted its DRHP earlier this year, is for RS 1,900 Crore IPO.

The offer consists of a primary number of RS 429 Crore and a secondary stock sale of RS 1,471 Crore. Via the offer for sale (OFS) component, the urban business fungi, including Accel, Elevation Capital, Tiger Global and VY Capital, loading interests.

The company has reduced the total IPO size in DRHP from a previously planned RS 3,000 crore.

Well-known consumer electronics brand Boot Ouder Imagine Marketing (Boot) also received Sebi Knik. The issue includes a new issue of RS 900 Crore and an OFS from RS 1,100 Crore. The brand of its own soil and audio products noted in January 2022 concept papers submitted for the IPO.

Juniper Green Energy and Ravi Infrabuild, from the energy and infrastructure sectors, are also prominent in this list, who have received approvals. Juniper is planning a public offer of RS 3000 Crore, which consists entirely of a new problem.

Likewise, Ravi Infrabuild Projects, a leading engineering, procurement and construction company (EPC) company, set on RS 1,100 Crore via a new issue to finance the reimbursement of the debt and the purchase of equipment. Other approvals include KSH International’s IPO, which will follow around RS 745 Crore, with a new edition of RS 420 Crore and one of RS 325 Crore. From RS 850 Crore, now that it has protected a nod from the regulator. The IPO includes a new Equity sales of RS 520 Crore and an OFS from RS 330 Crore.

In the recycling and logistics space, Jain Resource Recycling is planning to increase RS 2,000 crore. In the meantime, the IPO from OM FREIGHT FORWARDERS contains a new edition of a maximum of RS 25 Crore and an OFS of up to 72.5 Lakh shares.

In the pharmaceutical space, the IPO received alchem ​​lifesciences approval, whereby the company focuses on RS 190 Crore through a new issue and an OFS up to 71.55 Lakh shares.

In addition, Corona Remedies, Pace Digitek, Mouri Tech and Priority Jewels are two other companies that have obtained approvals from the regulator.

Pace Digitek is looking for around RS 900 Crore from his IPO, while Mouri Tech is planning to increase RS 1500 Crore.

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